Gold Spot / U.S. DollarUpdated XAU|USD Fall Coming At Local Highs?
Harsh upside momentum has been fed by the FED.
Traditionally, gold has been a safe haven asset, but now, it seems it is de-pegged from this sentiment driver and rising on continued soft landing hopes.
As we rise again to highs and previous short zones, we can discuss ATH's.
Traditionally, gold has been a safe haven asset, but now, it seems it is de-pegged from this sentiment driver and rising on continued soft landing hopes.
As we rise again to highs and previous short zones, we can discuss ATH's.
Note
More momentum at highs, would not be surprised if break occurs. Short tentatively.Note
Rise above highs as expected. Strong sentiment influx driving price higher. I would wait for a clear change before entry.Note
Price rebounding to previous highs (now support, rather than resistance). Not time to buy massively, price still too high.Note
Important:
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Related publications
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Related publications
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.