Yesterday there was a BUY point and a missed SELL. Currently gold is in wave 5. We are waiting for the H4 liquidity backtest to place a SELL order.
World gold prices rose after the People's Bank of China announced on June 7 that it had added gold to its reserves for the seventh consecutive month in May. China's gold reserves were valued at $241.99 billion at the end of last month, down from $243.59 billion at the end of April. Gold prices hit an all-time high (over $3,500/ounce) in April, which boosted the value of China's holdings of the precious metal.
Investors are now waiting for the US Consumer Price Index (CPI), data due on June 13, to assess the country's economic health and predict the trajectory of the US Federal Reserve's interest rate cuts.
Let's wait for SELL
Best regards, StarrOne !!!
World gold prices rose after the People's Bank of China announced on June 7 that it had added gold to its reserves for the seventh consecutive month in May. China's gold reserves were valued at $241.99 billion at the end of last month, down from $243.59 billion at the end of April. Gold prices hit an all-time high (over $3,500/ounce) in April, which boosted the value of China's holdings of the precious metal.
Investors are now waiting for the US Consumer Price Index (CPI), data due on June 13, to assess the country's economic health and predict the trajectory of the US Federal Reserve's interest rate cuts.
Let's wait for SELL
Best regards, StarrOne !!!
Trade active
Running SELL
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Related publications
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.