let's talk a bit about gold pricing and the fundamental reasons behind it before jumping to my future vision of gold movement . gold have been real bearish since 8th march to this day mainly due to the federal reserve ( the bank of USA) rising the interest rate ever since ( look at the attached daily chart) . now let's zoom in to the 4 hours frame chart and have a closure look at the recent pricing , in the 14th of June we saw a rise in the price from 1809 all the way up to 1856 and the fundamental reason behind it is the massive inflation in the US economy that even the FED president him self admitted . giving us the opportunity to short from a favourable and higher position ( you can check my gold sells in the previous posts). so with the FED ( federal reserve) monetary policy of continuing to rise the interest rate ( this will give strength to the US currency traded against the gold) and the technical bearishness of gold i'll only keep looking for sell opportunity , and the previous candle liquidity grab is anther technical bearish confirmation for gold . so I'm expecting the price to keep falling and to fill the previous lows down at 1814/1808 .
now to summarise the analysis , gold is on an overall huge sell due to the federal reserve policy , and for this reason we as traders will follow the trend and sell at every opportunity given . gold is likely to continue it's bearish down run to 1814/1808.
now to summarise the analysis , gold is on an overall huge sell due to the federal reserve policy , and for this reason we as traders will follow the trend and sell at every opportunity given . gold is likely to continue it's bearish down run to 1814/1808.