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Analysis of #XAUUSD
Hello friends,
the market broke its trendline support and it is now turned to resistance and may push the gold lower.
the gold is threatened by the rising yield and inflation rates and we might see the gold testing 1762, I know this aggressive and maybe too early but it could happen if yields continue to rise
I will be watching the lower time frame for a valid reason with a good risk to reward to initiate a sell trade targeting 1795 before the final target at 1762
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-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
Analysis of #XAUUSD
Hello friends,
the market broke its trendline support and it is now turned to resistance and may push the gold lower.
the gold is threatened by the rising yield and inflation rates and we might see the gold testing 1762, I know this aggressive and maybe too early but it could happen if yields continue to rise
I will be watching the lower time frame for a valid reason with a good risk to reward to initiate a sell trade targeting 1795 before the final target at 1762
let me know in the comment what pair you want to see the analysis for in my next free analysis
Safe trading everyone
Check today analysis below⠀
_____________________________________________________________________________⠀
-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
