XAUUSD > The Next Move up Or Down?
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Follow up on #XAUUSD
Hello friends.
Following up on my last analysis on gold where I predicted head and shoulders pattern, and indeed it moved as predicted, i will leave you the link below to check it out.
Now what?
The market is consolidating inside this triangle pattern with no clear direction, fundamentally speaking the gold is facing very high competition now from the bond yields market, with the market no stable and traders are split on this market the gold is supposed to move sideways.
My point of view is very simple, the dollar supposed to get weak, the FED made it clear there will be no rate hike for the 2-3 years to come, they will keep pumping massive 80 billion to the market following their bond-buying program, that all my friends make this setup very attractive for me.
disclosures: I am in a buy gold from well below these levels, my time horizon is long, and I don't trade gold for 5-10 dollars move, I just wanted to say that, to make it clear how i trade the gold market
Safe trading everyone
Check today analysis below⠀
>>in trading you are competing against other traders, so you better be prepared and ready
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Follow up on #XAUUSD
Hello friends.
Following up on my last analysis on gold where I predicted head and shoulders pattern, and indeed it moved as predicted, i will leave you the link below to check it out.
Now what?
The market is consolidating inside this triangle pattern with no clear direction, fundamentally speaking the gold is facing very high competition now from the bond yields market, with the market no stable and traders are split on this market the gold is supposed to move sideways.
My point of view is very simple, the dollar supposed to get weak, the FED made it clear there will be no rate hike for the 2-3 years to come, they will keep pumping massive 80 billion to the market following their bond-buying program, that all my friends make this setup very attractive for me.
disclosures: I am in a buy gold from well below these levels, my time horizon is long, and I don't trade gold for 5-10 dollars move, I just wanted to say that, to make it clear how i trade the gold market
Safe trading everyone
Check today analysis below⠀
>>in trading you are competing against other traders, so you better be prepared and ready
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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