XAU USD
Updated
Sell @ 1542 Target 1533, stop loss 1545
Technical: Bearish Pin Bar on daily chart rejecting key resistance.
Fundamental:
US stock market is up yesterday on thin trading before labour's day holiday despite the fact that US treasury yield continues to slip. This gives us an impression that the slip has been priced-in by the market.
This should be a short term play as gold price should continue to rise on economic and political turmoil.
This is not an investment advice and is done for educational purposes only.
Technical: Bearish Pin Bar on daily chart rejecting key resistance.
Fundamental:
US stock market is up yesterday on thin trading before labour's day holiday despite the fact that US treasury yield continues to slip. This gives us an impression that the slip has been priced-in by the market.
This should be a short term play as gold price should continue to rise on economic and political turmoil.
This is not an investment advice and is done for educational purposes only.
Trade closed: stop reached
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