XAUUSD GOLD Strong short incoming
Dear Ziilllaatraders,
We can see gold going to decline from here. Next week interest rates are going to be increased. This will have a positive impact on the dollar, this again will be the reason for XAUUSD to decline. The 1980 zone is a strong resistance zone as we have seen in the past.
Right now we are in a consolidation so I would suggest to get a sell as high as possible.
Let me know what you think.
Greetings,
Ziilllaatrades
We can see gold going to decline from here. Next week interest rates are going to be increased. This will have a positive impact on the dollar, this again will be the reason for XAUUSD to decline. The 1980 zone is a strong resistance zone as we have seen in the past.
Right now we are in a consolidation so I would suggest to get a sell as high as possible.
Let me know what you think.
Greetings,
Ziilllaatrades
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.