Gold is all set to test its ATH
However, Net positions in COT report are decreasing,
that shows a bearish behaviour.
DXY seems fundamentally weak, hence a rally for GOLD.
Gold may come down once it makes a double top,
for short term, it seems bullish.
lets see as this instrument is full of surprises.
Analysis is on daily TF
SL, TP is defined with instant buying.
SL should be considered as last supports that are marked in the chart with green.
However, Net positions in COT report are decreasing,
that shows a bearish behaviour.
DXY seems fundamentally weak, hence a rally for GOLD.
Gold may come down once it makes a double top,
for short term, it seems bullish.
lets see as this instrument is full of surprises.
Analysis is on daily TF
SL, TP is defined with instant buying.
SL should be considered as last supports that are marked in the chart with green.
Trade active
Trade active and near to TP 1, FOMC will define its direction, for careful traders, book partial profits and continue with a small lot as per your account size.
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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.
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.