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UnknownUnicorn21241622
Feb 15, 2022 10:38 AM

XAUUSD  Long

GoldOANDA

Description

XAUUSD PRE NY SETUP

Bias: BULLISH

Fundamentals: BULLISH
+Tensions between Russia & Ukraine.
+Traditional purpose of gold as an inflation hedge (*todays PPI figures at 13.30*)
+Still no action form FED to combat inflation: ranging from 25bps to 100 bps remains opinion dividing within US central bank.


Technical: BULLISH
+Looking to continue to play bullish market structure as no signs of exhaustion or fundamental catalyst to support sell bias.
+Pullback to 1852-1850.4
+Target 1876, 1883
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