Short

XAU - So long old friend.

Zaktualizowano

XAU is exhausted we had this brief recovery but as mentioned in a previous post that these rate hikes are going to take their toll on the price of Gold as we see DXY and USD rise from the interest rate hikes, XAU has had a massive distribution for a while now seen by the VP, we have broken the area considered to be value and we should see a big shift in gold over the coming weeks and months, I think now could be a great time on the daily chart to open short positions as the move today was so explosive and formed this very bearish pin. With the US and China butting heads also it will be interesting to see how the price reacts.

Uwaga

Watch price and try catch a rejection on LTF, just in case XAU wants to still a make push higher.

Uwaga

Uwaga

ZenFlo

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