Trading strategies 
GOLD :
GOLD price declined due to pressure from the rise of USD. This morning, the US Dollar Index, which measures the volatility of the greenback, exceeded 103 points, taking away GOLD the attractiveness of GOLD .
Interest rates did not decrease, causing investors to continue withdrawing capital fromGOLD to shift to other fields such as bonds and securities. Therefore, it is likely that prices will continue to decline in the short term.
According to the technical analysis chart,GOLD is still in the Corrective Downtrend and follows its parallel downtrend. So we will wait for Buy at the confluence of Trend + Keylevel at the end of H4
GOLD : GOLD price declined due to pressure from the rise of USD. This morning, the US Dollar Index, which measures the volatility of the greenback, exceeded 103 points, taking away GOLD the attractiveness of GOLD .Interest rates did not decrease, causing investors to continue withdrawing capital from
GOLD to shift to other fields such as bonds and securities. Therefore, it is likely that prices will continue to decline in the short term.According to the technical analysis chart,
GOLD is still in the Corrective Downtrend and follows its parallel downtrend. So we will wait for Buy at the confluence of Trend + Keylevel at the end of H4Trade active
BUY GOLD zone : 1902 - 1990Stoploss : 1892
Take Profit : 1906
Take Profit : 1912
Take Profit : 1918
Trade active
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Related publications
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.