XAU/USD short
The Russia conflict was one of the main fundamental driving buyers onto gold to retest the year 2020 high however with the rising of yield and the rising of the rate to combat inflation I believe this was the liquidity to pickup new sellers for the big move toward the down side.
From my fibonacci notice how it touch tap the top from 2020 high then went straight down without any resistance forming. Straight indications bank are in play for the big drop anyway trade safe my main target remain 1620
Target for the sellers
1920
1860
1800
1750
1620
From my fibonacci notice how it touch tap the top from 2020 high then went straight down without any resistance forming. Straight indications bank are in play for the big drop anyway trade safe my main target remain 1620
Target for the sellers
1920
1860
1800
1750
1620
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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.
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.