Short

GOLD (XAU)

Updated

US inflation eased less than expected in September to 8%, and underlying prices excluding food and energy prices accelerated to a new four decade high

Core CPI gained at its highest annual pace in 40 years, rising 0.6% for the month and 6.6% for the year and Fed funds futures are now pricing in 75 bps in December, up from 50. Moreover, terminal rate expectations rose to 4.85% in March. As a consequence, the 10-year Treasury yield rallied to 4.080% while the 2-year yield was up to 4.535%. As measured by the DXY index, the US dollar dropped by 1% to almost 112.14 as risk sentiment returned to markets. At the time of writing, the DXY index is down by some 0.73% having fallen from a high of 113.92 to a low of 112.147 so far

Gold close to very important support level 1550-1500 and If it break down then we go back 1450-1400 support zone

1300-1200 is a good buy and long zone , my short position at 1940 is still open

Can bears break 1500 support zone?

Note

Note

Its time to take some profit

Note

gold still super bullish

Note

ready for correction

Note

correction time, and here we GO..

Note

easy short

Note

1960 is coming

Note

Trade active

time to long

moonypto

Also on:

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.