1) NEWS TO NOTE:
THE FEDERAL RESERVE AND THE BANK OF ENGLAND INCREASED INTEREST RATES BY 0.75% EACH WHICH STRENGTHENED USD AND GBP WHICH IS BAD NEWS FOR GOLD.
JEROME POWELL (CHAIRMAN OF FEDERAL RESERVE GAVE A VERY HAWKISH SPEECH A COUPLE DAYS AGO IN WHICH HE AFFIRMED THAT INTEREST RATES WILL BE RISING WHICH ALSO STRENGTHENED USD)
TODAY (FRIDAY 4TH) US NONFARM...
As you can see the Target area at a major bank Quarter Point at 141.000. GPY is going up as a uptrend. GJ will continue an uptrend for the next two weeks including news along with some retest of the candles. Just predictions, i'm always right. Thanks for reading!
