XAUUSD: Entry sell

22 May 2023

While always on the look out for signs that the overall demise and falling back into the global pack of the US economy will one day tip the US dollar into an historic re-pricing lower phase, that day may still be some time off. For the moment, and certainly this is already being seen in the price action, the US dollar may only be in the early stages of yet another tear higher. It is the resilience, indeed the re-acceleration of inflation and its win over the Fed at these rate levels, that is and will continue to catch the market by surprise.

SELL GOLD zone 1993-1995

Stoploss: 2000
Take Profit 1: 1988
Take Profit 2: 1983
Take Profit 3: 1975