I have to be honest, the week started off great on this pair. Forex48 strategy is already up +16%. Overall, we have gold that is caught in a vice between a demand zone around 2015 and a supply zone around 2060. After today's movement, the direction of gold is even clearer. We have a price that is heading towards 2100. The dollar no longer has strength, a currency that is facing its worst crisis since the post-war period. Unfortunately, all we can do is profit from it.
Let me know what do you think.
Have a nice trading.
Forex48 Trading Academy
Let me know what do you think.
Have a nice trading.
Forex48 Trading Academy
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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.