Short-term interest, the request of the time!
-In times of high interest rates, protective assets tend to drop a little, as nothing could be fairer than putting our rich money into something that earns us at least 4% y.y for 12 months without much risk, if the trend of global economies and shrinkage.
-The monthly chart showed us a nice bullish pivot after the formation of a bottom at $1617, and this pivot would have the FIBONACCI gold region ($2060) as its destination, however, with a little help from the FED, it decided to take a breather.
-From the weekly chart, if the protection asset does not want to lose its medium-term uptrend, it cannot lose the $1741 region, since the loss of the region will lead the asset's price to want to seek the $1700 region as a destination more plausible for the current moment.
-The daily chart shows us this moment of correction, where, according to the SETUP used, prices tend to seek the range of $1754, testing the long average of that chart period.
-See it in 60min!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other reviews.
-The monthly chart showed us a nice bullish pivot after the formation of a bottom at $1617, and this pivot would have the FIBONACCI gold region ($2060) as its destination, however, with a little help from the FED, it decided to take a breather.
-From the weekly chart, if the protection asset does not want to lose its medium-term uptrend, it cannot lose the $1741 region, since the loss of the region will lead the asset's price to want to seek the $1700 region as a destination more plausible for the current moment.
-The daily chart shows us this moment of correction, where, according to the SETUP used, prices tend to seek the range of $1754, testing the long average of that chart period.
-See it in 60min!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other reviews.
Related publications
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.