GOLD REACHING EVEN LOWER? COULD BE A MOVE TO RATE BEFORE WAR OF UKRAINE AND RUSSIA?
According to Technical Pundits And Analyst Gold Has Broke New low ( Not entirely Fresh ) Zone Worrying Gold Buyers. Yet A Pullback To 1700 is essential to Collect Pending Orders, Also order blocks might exist On the Range of 1716 Forcing the price to go even lower, 1600-1700 might also be the new norm of Gold Pair. Breaking 1716 Will Lead to A Change of character , Where bulls will dominate the pair after losing several times to the bear. Also Fundamentally, The Death Of Britain's long reined queen will affect the pair time to time, Followed by te retreat of Russias War Troops, It is Highly Possible That the price might comeback to the previous price if the war ended, As in authors suggestion Go long only for te pullback and try to go short most of the time to ensure that you don't get caught in the crossfire of golds volatility and your account. At last There Are certain key points that this pair might do reversal at which is 1615 and followed by 1498 which has more than 1000 pips difference, Hence wait for the price to break a high or the dxy to be weak, PS. Dxy has lost its sentimental value with gold and indices slightly, But in future it might regain its connection, which means theres only one thing to do which is WAIT.
According to Technical Pundits And Analyst Gold Has Broke New low ( Not entirely Fresh ) Zone Worrying Gold Buyers. Yet A Pullback To 1700 is essential to Collect Pending Orders, Also order blocks might exist On the Range of 1716 Forcing the price to go even lower, 1600-1700 might also be the new norm of Gold Pair. Breaking 1716 Will Lead to A Change of character , Where bulls will dominate the pair after losing several times to the bear. Also Fundamentally, The Death Of Britain's long reined queen will affect the pair time to time, Followed by te retreat of Russias War Troops, It is Highly Possible That the price might comeback to the previous price if the war ended, As in authors suggestion Go long only for te pullback and try to go short most of the time to ensure that you don't get caught in the crossfire of golds volatility and your account. At last There Are certain key points that this pair might do reversal at which is 1615 and followed by 1498 which has more than 1000 pips difference, Hence wait for the price to break a high or the dxy to be weak, PS. Dxy has lost its sentimental value with gold and indices slightly, But in future it might regain its connection, which means theres only one thing to do which is WAIT.