so as I mentioned my previous ideas in general I am looking for short position again. I am seeing no reason for taking long position. Summary: 1820~1795 levels are take profit level for bears and it may little go up after seeing 1820~1795! please like and comment on my ideas!
If stock market keep falling and inflation keep growing many people think Gold should go up for hedging the inflation. But inflation is too high and people are loosing to much money in stock market and crypto by investing! why gold should go up if we don't have money to invest ? In general gold also gonna crash coz inflation rate! be careful taking long positions...
tomorrow CPI will discuss inflation rate so if inflation rate came lower than now: for example NOW 8.5 and after FED conclusion it may little bit down 8.1 percent and it can be cause for DXY's decreasing and gold,stock market may increase! if FED conclude lower than 8 maybe 7.9 it can be cause for GOLD WTI STOCK MARKET'S fly! I will try to buy from 1836~1826 to...
gold is doing strong uptrend since last retracement I am thinking about 2000 level