GOLD | Trouble in the water?
Updated
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.Disclaimer
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