In the past few weeks, gold has been soaring due to the geopolitical tensions in the middle east. In the last week's NFP, the strong numbers failed to take any advantage to most USD pairs.
So what now?
In the coming weeks, we might see a major pullback from the overbought zone which I tried to draw on the chart but having said that, it looks to me that gold has more room for upside considering we have CPI numbers coming this week.
good luck to everyone!
Carpe diem!
So what now?
In the coming weeks, we might see a major pullback from the overbought zone which I tried to draw on the chart but having said that, it looks to me that gold has more room for upside considering we have CPI numbers coming this week.
good luck to everyone!
Carpe diem!
Note
as i had said, there was more room for upsidewe bagged 250+ pips in the pre-asia session during early pullback
trade safe!
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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.