2906 GOLD test 1800 today ??
Hello traders,
In last few ideas that I posted on Tradingview, I keep saying bearish on GOLD based on all the price action we found on daily chart.
Also, we need to take Fed' rasing rate in the next half year of 2022 into consideration, that Dollars will become the most strong currency in that situation. And usually gold will go against Dollars if there is no need to hedge. .
Gold is now running inside the downtrend channel . And it just be rejected from the middle band of the channel and EMAS.
We expect it will turn down quickly in later London and NY sessions to test 1800. And fibo 1.27 ext is still the daily selling order next target.
Good luck on this plan .
LESS IS MORE!
In last few ideas that I posted on Tradingview, I keep saying bearish on GOLD based on all the price action we found on daily chart.
Also, we need to take Fed' rasing rate in the next half year of 2022 into consideration, that Dollars will become the most strong currency in that situation. And usually gold will go against Dollars if there is no need to hedge. .
Gold is now running inside the downtrend channel . And it just be rejected from the middle band of the channel and EMAS.
We expect it will turn down quickly in later London and NY sessions to test 1800. And fibo 1.27 ext is still the daily selling order next target.
Good luck on this plan .
LESS IS MORE!
Trade closed: target reached
