Simple long term support on the monthly suggests bounce to top of the megaphone pattern.
Good time imo to be present in gold, or simply diversify holdings.
Key timelines in Pak political timeline are marked, no significant developments in last two weeks.
- DXY Strengthening is a cue for further falling for PKR
- Inflation stands at 40% YoY for the Sensitive Price Index.
- Inflation since 2022 Jan is ~25% on official records.
Already made loss of 30% since YTD. Further falling expected.
Clear Resistance line incoming, already bounced off it once. Should be a clean short given current bear market conditions. Stop Loss defined as well, could be a 3R multiple trade EZ.
