Although gold has found some minor support, with the dollar's momentum, gold has not yet broken out of its decline, The Dollar Index needs to break below 103 and 102.60, followed by 101.60, for a resumption of gold’s uptrend.
positioning is largely in favor of the dollar and has made investors wary of the metals market. Gold was also pressured by a spike in U.S. Treasury yields, with the 10-year rate surging to levels last seen during the 2008 financial crisis
In this morning's trading session, the gold 1-hour chart increased slightly but still not enough to form an uptrend and a reversal.
⚡️ Plan to Sell XAUUSD at the price range 1898 - 1900. ⚠️ SL 1910 🔥TP 1885⚡️
What is your opinion? can let me know in the comment section, thanks.🌷 ⚡️ * Let's win the market together* ⚡️
노트
⚡️Krado sold short at 1894 + 60pips⚡️
노트
⚡️ gold news⚡️ ⚡️ The Federal Reserve cannot be sure that it has raised interest rates high enough to contain inflation. It is not even clear how long the tightening policy will be maintained. This could push gold prices lower⚡️
노트
⚡️Gold is following Krado's plan ⚡️ ⚡️Just waiting to win.⚡️