Russia - Ukraine very unlikely and next news FED Interest Rate
Currently GOLD is overbought and Russian - Ukraine tension is at its peak. However, war is unlikely. Also, Russia and Belarus will end their joint military drills on Feb. 20 as previously planned.
The next fundamental news due on 16th Mar i.e. FED Interest rate which will push Gold further down.
2020 High - 2076
Low - 1457
2021 High - 1959
Low - 1679
2022 High - 1906 (So Far)
Low - 1783 (So Far)
I feel that it will touch the monthly resistance 1783 before 16th March and then 1679 .
The next fundamental news due on 16th Mar i.e. FED Interest rate which will push Gold further down.
2020 High - 2076
Low - 1457
2021 High - 1959
Low - 1679
2022 High - 1906 (So Far)
Low - 1783 (So Far)
I feel that it will touch the monthly resistance 1783 before 16th March and then 1679 .
Note
Sell will be triggered at 1906 and SL 1931
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.