Midterm Analysis - How Gold will react to the ending Trade War
Updated
Reasons of selling XAUUSD:
- Consolidation range with a higher bearish pressure.
- War alleviation with will transfert back funds into the stock market.
- Institutional and Demand Level coinciding.
- Consolidation range with a higher bearish pressure.
- War alleviation with will transfert back funds into the stock market.
- Institutional and Demand Level coinciding.
Note
Little bounce back at the lower level of the consolidation phase. The bearish pressure is still present.Trade closed: stop reached
Note
Gold bounced at the lower consolidation level.
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