XAUUSD Struggle between bears and Bulls?
Updated
Looking at Gold we are caught in a big consolidation phase that keeps bouncing of 2300 area, could we see new (ATH) all time high? while this remains uncertain with central banks all over cutting rates, could this possibly make the price of gold sore high?
We could see Gold and DXY move in the same direction cause COT data reveals that institutions are positioned for long positions. I am currently neutral till conclusive data is available, maybe the upcoming NFP and FOMC numbers will give a clear direction on the next move on Gold.
We could see Gold and DXY move in the same direction cause COT data reveals that institutions are positioned for long positions. I am currently neutral till conclusive data is available, maybe the upcoming NFP and FOMC numbers will give a clear direction on the next move on Gold.
Trade closed: target reached
TP HIT
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