Our Second Idea on Tradingview
=> Here we are smelling risk off in the coming sessions.
=>From a technical perspective we are eyeballing a move back towards the 61.8% from the bottom of the channel we have been trading since April.
=>Expecting investors to raise the bid on risk off assets as we have the triple CB combo this week with BOJ, FED and BOE in play.
=>We are choosing Gold as the perfect asset class to trade this as we expect some mild profit taking from Dollarbulls
=>Gold long @1227| TP1 1260 | TP2 1305 | STP LOSS 1208
=>In the background we also have EZ and US inflation numbers mid week, both expected inline providing further pull factors to Gold
=>Good Luck all
=> Here we are smelling risk off in the coming sessions.
=>From a technical perspective we are eyeballing a move back towards the 61.8% from the bottom of the channel we have been trading since April.
=>Expecting investors to raise the bid on risk off assets as we have the triple CB combo this week with BOJ, FED and BOE in play.
=>We are choosing Gold as the perfect asset class to trade this as we expect some mild profit taking from Dollarbulls
=>Gold long @1227| TP1 1260 | TP2 1305 | STP LOSS 1208
=>In the background we also have EZ and US inflation numbers mid week, both expected inline providing further pull factors to Gold
=>Good Luck all
