Calvinwmoth

Naked chart analysis

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Due to recent economical decrease and high inflation rates of united states, this negatively impacts the USD, thus leading to depreciation of USD currency value. With this projections, the marketers are likely to sell stocks/commodities/indices to buyers @ higher prices as the cost of goods and services faced increment due to high inflation rates. along with the analysis on board, price is offering us a chance to sell again @ higher prices. Always remember the main aim of investors which is to sell @ higher prices and buy @ cheaper prices.

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