Hello to the large community of traders,
These days because of US election we see US dollar fall in pairs. Even As Biden nears victory in presidential election, dollar against Chinese yuan and other Asian currencies hits two-year low.
Gold acts opposite of US dollar and we see rise in chart. In H1 timeframe stochastic in in overbought zone and price has broken the channel line.
Wait if CCI pass 100 and stochastic pass 80 then we can be with sellers. But if they don't, last red candle is throwback to the channel line and price will go for higher prices.
But I recommend you not to place order in these days.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
These days because of US election we see US dollar fall in pairs. Even As Biden nears victory in presidential election, dollar against Chinese yuan and other Asian currencies hits two-year low.
Gold acts opposite of US dollar and we see rise in chart. In H1 timeframe stochastic in in overbought zone and price has broken the channel line.
Wait if CCI pass 100 and stochastic pass 80 then we can be with sellers. But if they don't, last red candle is throwback to the channel line and price will go for higher prices.
But I recommend you not to place order in these days.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
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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.