Long Gold - It may be a bottom in $XAUUSD
Pros:
- bounced from a good support level
- Fed is flipping and slowing the rate hikes.
It MAY BE the bottom the gold traders have been waiting for for a very long time.
Cons:
- Interest rates are still going up and may put some pressure on Gold
- bounced from a good support level
- Fed is flipping and slowing the rate hikes.
It MAY BE the bottom the gold traders have been waiting for for a very long time.
Cons:
- Interest rates are still going up and may put some pressure on Gold
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.
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.