simonsays452
Short

1240-1250 Important Decision Zone for Gold

FX:XAUUSD   Gold / U.S. Dollar
46 0 2
Gold             has finally shown some sustained weakness after markets realized the remarkably, fantastically obvious underpricing of June FFR             hike risk - up 30% from 4%,only two days ago! Money Managers have never been longer the yellow metal - on both an absolute and net basis, so there's quite a bit of volume that should be flowing through sell orders today and tomorrow. Technically, there's coinciding support within the 1240-1250 range from: (1) a wedge pattern - that has still yet to prove itself as bullish or bearish , (2) trend level support - extending back to mid-February and (3) ichimoku leading support. I will look to roll my June puts at 1250.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out