XAUUSD - GOLD ANALYSIS SECOND WEEK OF NOVEMBER 2022
Hello my fellow traders & gamblers,
My view on my baby Xau is clearly conveyed on the chart. I base my trades on daily and entries at a lower tf. Looking to take profit at 1808 and enter positions for a possible short. This will be updated depending on PA.
The momentum of cpi will continue next and the dollar will keep getting raped unless a catalyst comes out. Bear in mind, the global economy is still on a down trend, thus, this current bullish upward movement should be seen as a temporary liquidity and sl hunt.
This is not financial advice.
My view on my baby Xau is clearly conveyed on the chart. I base my trades on daily and entries at a lower tf. Looking to take profit at 1808 and enter positions for a possible short. This will be updated depending on PA.
The momentum of cpi will continue next and the dollar will keep getting raped unless a catalyst comes out. Bear in mind, the global economy is still on a down trend, thus, this current bullish upward movement should be seen as a temporary liquidity and sl hunt.
This is not financial advice.