XAUUSD: As forseen the direction is 1180 and bellow
As one could have read in my past studies, I have warn about the reversal of thrend in XAUUSD.
Macro economic datas are confirming this reversal as well as the charts.
On the mcro economic side, there is not yet any sign of proper inflation, nor a will from the US administration and FEd in particular to increase its interestrate. Monetary easing will continue on the US side as well as on the European side with EC lauching effectively its QE on March 6th.
The Greek risk has been contained for the next 4 months, and deflation is still on the agenda.
There is no risk of inflation in big economies, i.e UK, Japan, EU, Eurozone, US.
Therefore XAUUSd may very much go again totest for sure 1180 and even bellow, until 1060-1080. You can read the level in my previous studies. Therefore for those who are willing to go long with XAUUSd, you still have to wait a little bit.
Macro economic datas are confirming this reversal as well as the charts.
On the mcro economic side, there is not yet any sign of proper inflation, nor a will from the US administration and FEd in particular to increase its interestrate. Monetary easing will continue on the US side as well as on the European side with EC lauching effectively its QE on March 6th.
The Greek risk has been contained for the next 4 months, and deflation is still on the agenda.
There is no risk of inflation in big economies, i.e UK, Japan, EU, Eurozone, US.
Therefore XAUUSd may very much go again totest for sure 1180 and even bellow, until 1060-1080. You can read the level in my previous studies. Therefore for those who are willing to go long with XAUUSd, you still have to wait a little bit.
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.