Gold still moving in Wedge Pattern
Updated
I see that Gold prices are stable at $2,030 with 0.17% increase after US economic growth announcement. US Treasury bond yield decline maintains gold value near monthly and weekly highs but limited by the 50-day SMA.
Wall Street indices mostly stable, some slight decrease. In Q4 of 2023 GDP growth slightly below consensus. Retail and Wholesale Inventories are mixed. Fed Regional Presidents Collins and Williams reiterated potential for looser monetary policies later in the year, noting core inflation rate below 2% goal.
Technically everything is reasonable for BUY orders.
Below scenario will work :)
Buy @ 2028
TP: 2036
SL: 2022
Wall Street indices mostly stable, some slight decrease. In Q4 of 2023 GDP growth slightly below consensus. Retail and Wholesale Inventories are mixed. Fed Regional Presidents Collins and Williams reiterated potential for looser monetary policies later in the year, noting core inflation rate below 2% goal.
Technically everything is reasonable for BUY orders.
Below scenario will work :)
Buy @ 2028
TP: 2036
SL: 2022
Trade closed: target reached
TP Hit :)
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