Hi Folks:
Today's data in the US economy show massive inflation never seen in the last 30 years, so that was the reason for the spike who triggered many SL on its way.
With massive inflation comes FED rate hikes and GOLD would be dumped for the USD currency. Today with had DXY (USD) flying as well.
Spotted this possible ascending channel but I will not rely much on it from the top.
All the best fellow traders.
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Today's data in the US economy show massive inflation never seen in the last 30 years, so that was the reason for the spike who triggered many SL on its way.
With massive inflation comes FED rate hikes and GOLD would be dumped for the USD currency. Today with had DXY (USD) flying as well.
Spotted this possible ascending channel but I will not rely much on it from the top.
All the best fellow traders.
********************************************************************************************************
Remember, if you liked this idea don't forget to click LIKE and FOLLOW.
