catching THE BIG GOLD SHORT!
Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower.
We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will likely correct going into the hike and then explode higher on Feb 1-2.
XAU is reaching a key monthly lvl by tomorrow (1937) - valid short.
*NOTE: I'm looking to catch a large reversal and 1937 is 1 of 2 scenarios for this potential upcoming move (see chart for more details)
We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will likely correct going into the hike and then explode higher on Feb 1-2.
XAU is reaching a key monthly lvl by tomorrow (1937) - valid short.
*NOTE: I'm looking to catch a large reversal and 1937 is 1 of 2 scenarios for this potential upcoming move (see chart for more details)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.