Gold Bias is Sell. We plan 2 entries if 1 SL hit then we enter 2nd trade. Remember 1 thing Both entries trigger before downside liqudity sweeps that mark in the chart.
Gold Price Overview: Consolidation Amid Bearish Bias
Sentiment: Bearish
- Key Factors:
- USD Strength: Fed’s hawkish projections and higher US Treasury bond yields keep the Dollar supported.
- Thin Trading Conditions: Holiday season liquidity could lead to exaggerated moves but favor the safe-haven USD.
- Bearish Technical Setup: Gold remains below key moving averages, with the RSI signaling selling pressure.
Gold Price Overview: Consolidation Amid Bearish Bias
Sentiment: Bearish
- Key Factors:
- USD Strength: Fed’s hawkish projections and higher US Treasury bond yields keep the Dollar supported.
- Thin Trading Conditions: Holiday season liquidity could lead to exaggerated moves but favor the safe-haven USD.
- Bearish Technical Setup: Gold remains below key moving averages, with the RSI signaling selling pressure.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.