Short #GOLD from 2415 to 2370, then buy it back to 2430
Hello traders,
#GOLD has rallied on good #Inflation numbers and falling #DXY.
However, the momentum is weakining and possibly we could seea correction from the current levels to 2370 and we would see a rise sharply from there.
It is importamt to watch for next #Inflation report the next #PCI which the #FEDS are watching closlely.
#Powell indicated the #Congress has been pressuring the #FEDS to cut rates early, and possibly it is important to see enough #Rate_cuts before the next #USA election.
Long term
#GOLD is heading to 2700 $/Ounce, this could be end of year or next year, any way it seems coming faster than expected.
Best luck.
#GOLD has rallied on good #Inflation numbers and falling #DXY.
However, the momentum is weakining and possibly we could seea correction from the current levels to 2370 and we would see a rise sharply from there.
It is importamt to watch for next #Inflation report the next #PCI which the #FEDS are watching closlely.
#Powell indicated the #Congress has been pressuring the #FEDS to cut rates early, and possibly it is important to see enough #Rate_cuts before the next #USA election.
Long term
#GOLD is heading to 2700 $/Ounce, this could be end of year or next year, any way it seems coming faster than expected.
Best luck.
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