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Tony_barry
Aug 17, 2023 5:32 PM

Gold trend analysis Short

Gold/U.S. DollarFXCM

Description


The role of the Federal Reserve is to keep plundering global wealth, so the U.S. dollar must fluctuate at a high level, at least it cannot collapse and depreciate, so the interest rate hike is suspended, the balance sheet is still shrinking, and the high interest rate is still there. After yesterday’s decline in gold, the current pressure has moved down to the 1905 area. Basically, after breaking through 1940, the support in the densely traded area below is the 1865 position, of course there is a 1880 in the middle

trading signal:
sell 1898-1896 tp1888-1883


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