michael.j.macauley
Short

Gold Bearish Reversal

OANDA:XAUUSD   Gold / US-Dollar
We believe gold             has completed a . 382 retracement of the preceding trend, and will complete the impulse wave downward.

Foreign capital is pouring into dollars, driving the dollar price of gold             down as the value of the dollar increases.

We are not sure how far gold             will plunge following this recent rally. If geopolitical events go as we expect them to following the Trump inauguration, we do not think it all that unlikely gold             might return to the 600's per ounce. We would not place a bet on it today, we will let price action tell us what to do. See the monthly chart in the Related Ideas, which we posted for tracking purposes (and maybe bragging rights later, we'll see).

Always trade within your risk tolerance, and my analysis is not trading advice nor a recommendation to buy or sell any financial instrument.
Deutschland
United States
United Kingdom
India
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Bitte um Kennzeichnung Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Priorität-Unterstützung Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden