GOLD: Seller advantage in a downtrend!

11 เม.ย. 2023

Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️

The Federal Reserve is likely to keep interest rates unchanged if a meeting were held today, as there is still uncertainty surrounding the state of banks. However, if the upcoming weekend is stable and without any urgency to rescue banks, there is a possibility of a 25 basis points rate hike. The Fed usually increases rates until they reach a breaking point; if only one bank, SVB, is affected, persistent inflation could result in further hikes. As a result, the US dollar will become stronger, and stock prices may eventually fall after the initial relief rally.

SELL GOLD zone 1997 - 2000

Stoploss: 2007
Take profit 1: 1990
Take profit 2: 1980
Take profit 3: 1970

BUY GOLD zone 1980 (scalping)

Stoploss: 1977
Take profit: 1987

Note: Note: Full TP, SL for winning the market and safe trading!