XAUUSD KEEPS DROPPING ?
HELLO TRADERS
In my recent chart I mentioned the short opportunity after reversal correction and we are about to reach the target.
However the price is still making sense for the bearish direction all we need is to wait for the continuation correction now I am looking technical and fundamental aspects in the market.
Fundamental analysis are as below :
The USD keeps going up as expected from last week, and the yield is the same with the 10Y yield is at 4% for now, testing its previous peak. Most risky assets are down as usual. Gold is down as expected when we view USD strength and gold lost momentum before non-farm. I had a note in the early session today for customers to be bearish on gold till 1660, more or less. That's all for the theme for a non-event day. Tomorrow, we'll take a look at gold, the OPEC+ decision, and what to expect from the oil market in a nutshell. Happy trading!
In my recent chart I mentioned the short opportunity after reversal correction and we are about to reach the target.
However the price is still making sense for the bearish direction all we need is to wait for the continuation correction now I am looking technical and fundamental aspects in the market.
Fundamental analysis are as below :
The USD keeps going up as expected from last week, and the yield is the same with the 10Y yield is at 4% for now, testing its previous peak. Most risky assets are down as usual. Gold is down as expected when we view USD strength and gold lost momentum before non-farm. I had a note in the early session today for customers to be bearish on gold till 1660, more or less. That's all for the theme for a non-event day. Tomorrow, we'll take a look at gold, the OPEC+ decision, and what to expect from the oil market in a nutshell. Happy trading!
Investment and structure planning :
DM
DM
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