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Gold Spot / U.S. Dollar
Short
Updated

Bearish Bias

261
Given Fed's commitment to fighting inflation and its hawkish stance, we expect a strong dollar and hence a bearish gold. XAUUSD has broken out of the ascending trendline. We expect some retracement and bearish continuation to the demand zone at 1722

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Trade closed: stop reached
Aghughu
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breakoutFOMCFundamental AnalysisshortsetupTrend Analysis

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breakoutFOMCFundamental AnalysisshortsetupTrend Analysis
Aghughu
Also on:

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.