Or / Dollar AméricainMis à jour Gold: XAU/USD Simple Trading Plans
Chinese Gold holdings and a willingness for Central Banks to obtain Gold has caused a larger demand and ultimately a higher price over a longer period.
As of late, this sentiment has not particularly relented, higher treasury yields in the US have stymied this rally.
A) From a Tech perspective you are at a key long zone (look at the last hits on this level) however there is a decay in impetus, and a lack of fuel driving a push and rejection.
I would not particularly like it long for this reason, unless you can fall lower to key entry levels.
B) Sentiment at this point is slightly mixed. Awaiting clear directional bias (likely to come on a rash move either way).
Any shorts back at highs will be light. Gold has largely lost its pegged sentiment and does not rise/fall exactly inline with USD.
It used to be the case that it was just clearly a safe haven asset, now, sentiment backing gold is incredibly mixed. So it's better just to wait for a clear move up/down and read why it is happening for one reason.
As of late, this sentiment has not particularly relented, higher treasury yields in the US have stymied this rally.
A) From a Tech perspective you are at a key long zone (look at the last hits on this level) however there is a decay in impetus, and a lack of fuel driving a push and rejection.
I would not particularly like it long for this reason, unless you can fall lower to key entry levels.
B) Sentiment at this point is slightly mixed. Awaiting clear directional bias (likely to come on a rash move either way).
Any shorts back at highs will be light. Gold has largely lost its pegged sentiment and does not rise/fall exactly inline with USD.
It used to be the case that it was just clearly a safe haven asset, now, sentiment backing gold is incredibly mixed. So it's better just to wait for a clear move up/down and read why it is happening for one reason.
Note
Exit any longs from today. Early PA / Weak push.Note
And avoid new shorts^Note
Slight Gold fall brings us to early support MID Sideways channel. Only the lightest of longs are applicable here ideally.Note
Any shorts, make them incredibly light.Note
Highs reached as shown, new analysis demo:
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.