In the following GLD chart we can see a symetrical triangle forming. Due to my thoughts that US:OIL will go down in the following period, energy costs will also dwell.
Lower energy costs + hawkish fed = inflation will be diminished -> gold pullback.
I might be /hella/ wrong.
Only time will decide.
Lower energy costs + hawkish fed = inflation will be diminished -> gold pullback.
I might be /hella/ wrong.
Only time will decide.
Trade closed: stop reached
Trade invalidated.
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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.