XAUUSD (GOLD): Why I'm still Bullish...
Gold underpins the Chinese Yuan, it's underpinning the BRICS movement full-stop. Chinese economy is on the move...
Recently, despite USD strength, Gold has maintained a HL, and I now see a reverse H&S forming.
I expect FOMC to pause this week, and often FOMC is not the best for USD.
I believe Gold has been forming a bull flag (which I calculate has been broken out of and retested), rather than a reversal of the current movement, at the very least it will re-challenge the ascending channel it broke out of.
Gold seems ultra resilient despite dollar strength, a moment of dollar weakness (that I think we'll see this week) and I think it'll pump.
Recently, despite USD strength, Gold has maintained a HL, and I now see a reverse H&S forming.
I expect FOMC to pause this week, and often FOMC is not the best for USD.
I believe Gold has been forming a bull flag (which I calculate has been broken out of and retested), rather than a reversal of the current movement, at the very least it will re-challenge the ascending channel it broke out of.
Gold seems ultra resilient despite dollar strength, a moment of dollar weakness (that I think we'll see this week) and I think it'll pump.
Transaction en cours
Now I think we're ready
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Publications connexes
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.