Gold price increases, USD reverses to decrease

Gold temporarily ignores the view of the small frame, with a view of D1, currently the RSI is showing that it is in the oversold zone, the price is also far away from the EMA calculated for the D1 histogram, which means that this area is no longer an oversold area. oversold area. best selling area if you look at it. Castle.

Calculating the down period from 1989 to 1886 is also more than 100 prices and there has been no correction, if gold returns to the recovery cycle, it will at least reach 30-50%, ie the 30-50 zone. price. fibo regression milestone. According to the weekly plan, the best selling zone according to the D1 chart should wait for selling around 1935 (Right at the moving resistance area, also around the fibo50 area), the buy zone should wait around 1860 is EMA89 according to the chart Weekly chart .

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US bank Evercore: The Fed's tightening of monetary policy ended the golden age of investment.

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🔹Wagner fighters started moving from Belarus towards Russia.

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The BRICS will move forward using the trading currency below the dollar.

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🕯 BUY GOLD | 1905 - 1908

🔴 SL: 1900

🟢 TP1: 1913
🟢 TP2: 1918

Transaction en cours:

Running + 55pips ✔️✔️✔️

Transaction en cours:

HIT TP1 + 80pips. Heading to TP2 ✔️✔️✔️

Commentaire:

Revised Q2 GDP will also be released, along with the PCE and ISM manufacturing, which should help investors confirm what the Fed-driven interest rate trajectory will look like, as the agency tries to balance by inflation and growth risks.