Sell gold because it has not traded below daily open. Price fluffing around. Biden backs war, US stocks rally, usd rallies, gold sinks. US Fed to hike aggressively, again USD to appreciate, gold to sink. Sink deez
USD is having upside from the shaky risk perceptive that is the result of CCP protests in China. AUDUSD has traded into support following the dissapointing AU retail sales data. Despite this I'm bullish the pair, as generally the market sentiment feels USD bearish & I'm looking for this trend to resume. Find out if the AUDUSD will appreciate alongside me.
Gold is ripe for the taking and take take take I shall. Only hitting this with a small position, saving my weeks risk for FOMC on wednesday.
Will it win? Will it lose? I am taking a punt to find out. Risk is about 200 buckeroonis. Wish me luck.
Howdy folks taking a punt on AUDUSD pre CPI data today. Stand to lose bout a hundred bucks if this goes south.
Will Gold Spread Its Wings Post FOMC? 12 Hours until we find out. Gold is now sitting just above a considerable pivot level. The question is: will it hold? I'm not so sure that it will, but playing the long game never the less. I am long, waiting to see what happens leading up to FOMC & after. Fingers crossed for me :)