Sangam-Agarwal

gold traingle correction from 517k nfp to 0 nfp

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
gold correction was started after 517 strong nfp
nice than it is sideways, market was confused between hard landing and soft landing

now correction is completed and not much room inside the traingle pattern
soon we will see breakout
for upside breakout - level 1980
for downside breakout - level 1800

big news this week fed fomc
higher for longer bad for gold
early rate cut good for gold

and government shut down

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.