Hello traders ,what do you think about GOLD? Gold reached the ceiling of the channel and the resistance zone of 2200 with its continuous growth. It is expected that we will have a downward correction to the specified levels. If this post was useful to you, do not forget to like and comment.❤️
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CPI data was higher than expected, we expect the dollar to strengthen and gold to fall
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About 300 pips fell from the analyzed level
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The price can have a pullback to the 2180 zone and then enter the falling phase
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After the pullback to the 2180 zone, it has dropped about 110 pips so far
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The US data was released today in favor of the DXY. In the continuation of the expectation of further strengthening of the DXY and the fall of gold to the specified targets.
In my opinion, DXY will drop to 100 if break then 95 which will make Gold GO higher so I don't think it's time to short xauusd, lmk what you think. Cheers
Can you tell me what do you think about my idea? 🤔
Gold-Tech
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@TradingView@zAngus please check this trader for violation of home rules related to reputation. He brazenly draws 200-500-800-1000 likes in an incomprehensible way and is not even shy. Content is not so valuable to get so many likes for 1-2 sentences. ps: this is not his only idea with at least 800 likes. thanks
Atlas_Tradingclub
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i agree 👍. with the next week's fed rate decision we can expect a fall in price
phillips_ffvg
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thanks daddy for the analysis, im investing my children's college funds in this <3