GOLD 26/06: How does gold price start the new week?

已更新
XAUUSD Gold's short-term pullback has ended and it is expected to fall back to the intraday low at $1910.00. The Gold sell-off was triggered by the upbeat US Dollar Index DXY.
Gold prices started the week on a solid footing and extended the slide. Growing concerns about a global recession, combined with the hawkish outlook of major central banks, could make it difficult for Gold to generate a decisive recovery in the near term.

Gold price demonstrated a severe decline after breaking of the Descending Triangle, which is a volatile narrowing chart pattern, formed on the H4 time frame.

The precious metal is trading below the EMA at $1960.00, which suggests that the long-term bias is bearish.

The Relative Strength Index RSI is oscillating in a falling range of 20.00-40.00, which shows that bearish momentum has been triggered.


You might consider Buying gold around XAUUSD 1910 – 1913 (scalp)
And my goal will be 1918 – 1923

You might consider Selling gold around XAUUSD 1933 - 1930
And my goal will be 1923 – 1908


Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
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Bank of America: There are early signs of investors exiting the technology sector.
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Fed has said that it will continue to raise interest rates to control inflation and this may push many US businesses into default.
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everything is possible
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GOLD 26/06: How does gold price start the new week?


SELL RUNNING +40PIPS
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We can start round 2
交易進行
Plan sell +100pips. Entry at 1933 ❤️
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Hit entry 1923 💚
交易進行
PLAN BUY COMPLETE! BIG WIN!

PLAN SELL ACTIVITY GOING ON!
+100pips HIT TP1!!!
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The US economy is now expected to narrowly dodge a recession this year, but underlying inflation will be faster than previously thought, according to a Bloomberg survey.
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PLAN SELL ROUND 2~~~ START!
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