🔱 GOLD TRADE IDEA 🔱
BIAS: Mixed Bullish
FUNDAMENTAL BIAS: Mixed Bullish
The fate of the precious metal is still expected to be largely influenced by the fluid developments of the prolonged war in eastern Europe, which affects its safe-haven appeal, and global central banks’ path towards policy normalisation, which weighs on the non-interest-bearing asset.
I believe the 50 bps has been priced in, thus less impactful.
TECHNICAL BIAS: Mixed, but tilted toward bullish
BIAS: Mixed Bullish
FUNDAMENTAL BIAS: Mixed Bullish
The fate of the precious metal is still expected to be largely influenced by the fluid developments of the prolonged war in eastern Europe, which affects its safe-haven appeal, and global central banks’ path towards policy normalisation, which weighs on the non-interest-bearing asset.
I believe the 50 bps has been priced in, thus less impactful.
TECHNICAL BIAS: Mixed, but tilted toward bullish
Note
Yesterday i had plotted out my time I wanted to trade in my trading session which was the 07.00 (Spanish unemployment change) - anticipating volility to be honest, even though it probably has no relation with gold. Never the less I plotted my analysis & price moved 100 pips from area of interest.
Note
With new intraday high created, daily bullish bias- End of trading session good bye.
Note
Sticking to my own model of trading, thought process, will deliver where i want to be in analysisTrade closed: target reached
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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.