Today Gold fell on fed comments made to ease the market reaction to J Pow dovish stance. Here we see some disconnect in Fed market view.
I see this as an overreaction fueled by fears of more statements regarding pushing back rate decreases.
I see gold steadily making its way back to 2027 soon, and possibly 2040 next week, from where it may make a decision.
I see this as an overreaction fueled by fears of more statements regarding pushing back rate decreases.
I see gold steadily making its way back to 2027 soon, and possibly 2040 next week, from where it may make a decision.
Note
So far, price action is doing nearly exactly what i had expected. DXY also appears to be making a triple top on the 15m. First target 2027 but i will continue to hold some positions past that.Note
Killed it.
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.
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.