Current View on Gold
yesterday Gold broke previous daily highs to test 1846, due to the prevalent inflation rate, giving fuel to gold buys. till the fed hike interest rate gold buys remain predominant. The bond yield market is currently retracing from an all-time high which is inversely correlated with Gold. technically, gold has broken below the support created on the 15, I expect a retracement up to 1836.50 before continuation sells to 1815 then we can move back up. stops would be 20 pips from entry.
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Trade closed: stop reached
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