Fundamentals:
Gold is a safe haven commodity, ie. when depreciation of currencies, namely USD, is expected, traders will buy gold.
In view of the recent poor economic outlook, I expect many currencies to depreciate including USD, EUR and AUD.
Hence, I am looking to long XAUUSD, XAUEUR and XAUAUD.
Technicals:
D1 uptrend and wedge pattern
Gold is a safe haven commodity, ie. when depreciation of currencies, namely USD, is expected, traders will buy gold.
In view of the recent poor economic outlook, I expect many currencies to depreciate including USD, EUR and AUD.
Hence, I am looking to long XAUUSD, XAUEUR and XAUAUD.
Technicals:
D1 uptrend and wedge pattern
Order cancelled