How to layout gold under a sharp decline
Updated
On Monday, gold faced a severe downturn, plummeting by $60, setting a bearish tone for the week.
Fundamental Analysis: Following Trump's victory, the U.S. dollar strengthened as investors anticipated a shift from the Federal Reserve toward a less dovish stance. The market expects that Trump’s proposed economic policies will pave the way for high economic growth in the U.S., potentially complicating the Fed’s efforts to control inflation. This scenario may prompt the Fed to reassess its future policy easing path. All signs point to significant downward pressure on the gold market, suggesting that any rally could provide an opportunity to short.
Technical Analysis: On the hourly chart, gold prices appear to be stabilizing around the 2613 level, indicating that an initial oversold rebound may be imminent.
Current Gold Strategy: Consider long positions around 2613. If prices rebound to approximately 2625, this could serve as an entry point for short positions.
For those following this analysis, these insights should clarify the general trading direction for the week. For a detailed strategy, feel free to reach out. I will be sharing the complete weekly trading strategy with all VIP members.
Fundamental Analysis: Following Trump's victory, the U.S. dollar strengthened as investors anticipated a shift from the Federal Reserve toward a less dovish stance. The market expects that Trump’s proposed economic policies will pave the way for high economic growth in the U.S., potentially complicating the Fed’s efforts to control inflation. This scenario may prompt the Fed to reassess its future policy easing path. All signs point to significant downward pressure on the gold market, suggesting that any rally could provide an opportunity to short.
Technical Analysis: On the hourly chart, gold prices appear to be stabilizing around the 2613 level, indicating that an initial oversold rebound may be imminent.
Current Gold Strategy: Consider long positions around 2613. If prices rebound to approximately 2625, this could serve as an entry point for short positions.
For those following this analysis, these insights should clarify the general trading direction for the week. For a detailed strategy, feel free to reach out. I will be sharing the complete weekly trading strategy with all VIP members.
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