Following a sharp decline since mid-April 2022, the Gold prices rallied 1% on Friday on the back of a retreat in the dollar, but the yellow metal was set to end the month lower on bets of aggressive policy tightening by the U.S. Federal Reserve.
In this regard, I am having two possibilities of a counter-trend and trend continuation set-up which are duly explained in detail in this video. However, market open will determine what option we will be leaning on as I shall do an update in the comment section of my tradingview account when confirmations arise.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
In this regard, I am having two possibilities of a counter-trend and trend continuation set-up which are duly explained in detail in this video. However, market open will determine what option we will be leaning on as I shall do an update in the comment section of my tradingview account when confirmations arise.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade smart. Trade consciously
