Złoto / Dolar USA
Short

GOLD possible Downside Long-term

We are seeing GOLD to go down after the completion of Wave 5 and Bearish Gartley Pattern, we are yet to see the end of the correction wave or the break of Pennant within the week and we are aiming downside. Fundamentally, it is uncertain whether the FED will cut interest rates or not after FED said that rate cuts are unnecessary, criticize Trump for wanting Dollar to weak and they stand that they will remain independent. It is advisable to wait for the break of the Pennant or at least trade outside of 1438-1380 range or trade after FED Interest rate release.

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