Nice risk-reward ratio - Potential BIG trade
The gold price has been ranging in 1784-1832 level since December 2021. Based on the price action right now, there's a possibility that gold will fall to restest the bottom flag line at 1780-60 zone.
What we know so far, Powell signals rate hikes and balance sheet runoff, but yields hold steady, CPI 0.5% and Core CPI 0.6%, U.S. jobless claims rise by 23,000 to 230,000.
Invalidation:
- This analysis fails if the price breakout and close above the upper flag line
Catalyst:
- U.S. Sales data
- Manufacturing Index
- Unemployment claims
What we know so far, Powell signals rate hikes and balance sheet runoff, but yields hold steady, CPI 0.5% and Core CPI 0.6%, U.S. jobless claims rise by 23,000 to 230,000.
Invalidation:
- This analysis fails if the price breakout and close above the upper flag line
Catalyst:
- U.S. Sales data
- Manufacturing Index
- Unemployment claims
Upgrade Your Trading Station with Gold Cartel
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.