XAUUSD GOLD BULL RUNS
Uppdaterad
Gold has held above its yearly open at 1825.500 rising interest rate helped push it down from its highs. on June 15 2022, price was pushed down to 1805, a level it has held several times from may this year (2022). price has respected 1805 to create a triple bottom situation on the daily time frame.
fundamentally; tho rising interest rate has been a factor that has held gold from a bull run, I see gold to be gaining its grounds especially with the g7 coming together to ban new Russian gold imports and with several uncertainties arsing in the world. There is a great possibility of a short squeeze, looking at COT data. we have a net long position. 1850 could be 4hr target. 1877 is the next target if 1850 holds.
fundamentally; tho rising interest rate has been a factor that has held gold from a bull run, I see gold to be gaining its grounds especially with the g7 coming together to ban new Russian gold imports and with several uncertainties arsing in the world. There is a great possibility of a short squeeze, looking at COT data. we have a net long position. 1850 could be 4hr target. 1877 is the next target if 1850 holds.
Handel aktiv
market entry at 1834
SL @ 1830.950
TP @ 1850
Frånsägelse av ansvar
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