Gold has seen heavy selling pressure for the past few months following a short boom during the conflict in Ukraine. Are we looking at a LONG opportunity to 1800? Keep an eye on significant areas of support for BUY opportunities. Always practice proper risk management.
Gold has been on a bearish trend since hitting its ATH of over $2000 an ounce. This trend has been due for a correction for a long time. Monthly time frame set up our gold sell from 1835 to the 1690s. This commodity is ready to rebound amid the US stimulus package that was announced which will play a part in inflation which can cause USD pairs to take a hit....
USD/CHF READY FOR A POTENTIAL MOVE TO THE DOWNSIDE MARKET STRUCTURE AND CURRENT ECONOMIC IMPACTS RELATED TO THE STIMULUS PACKAGE BEING RELEASE. CURRENCY INFLATION IN THIS CASE CAUSES BEARISH MOVEMENT WITH USD PAIRS.