THE DROP OF GOLD
It is too quick of a turn for XAU to set record high and let little to none of traders to run along with the tip of the iceberg. Which is why I have a gut feeling that the turn was way too quick even for major banks to act upon.
I expect a re-arranged highest high to be marked, and also,most brokers have with held real time data in order to carve their losses.
Flip side I expect change in bond yields as well as the Feds intervention upon gold prices in order to stabilize the dollar and avoid rate-cut recession winds.
A turn around at any mark between 2501.000 and 2525.300 is what I am expecting as a liquidity grab zone before descending to the designated mark of 2300.000 TP max.
Do trade with care and use proper risk management.
I expect a re-arranged highest high to be marked, and also,most brokers have with held real time data in order to carve their losses.
Flip side I expect change in bond yields as well as the Feds intervention upon gold prices in order to stabilize the dollar and avoid rate-cut recession winds.
A turn around at any mark between 2501.000 and 2525.300 is what I am expecting as a liquidity grab zone before descending to the designated mark of 2300.000 TP max.
Do trade with care and use proper risk management.
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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.