The Fed hiked interest rates in June, for the first time #Fed could lift rates 4-times this year, a typically gold-negative factor.
Gold prices have slumped despite escalating trade tensions and uncertainty over the outlook for global growth as a stronger dollar and higher interest rates have negated any boost from safe haven demand.
Gold prices saw a weekly loss of 1.27%, a decline of 3.75% for the month and a 5.41% drop for the quarter, leaving prices down 4.21% so far this year.
For longer-term i mean the whole year 2018 #XAUUSD bias is short. I don't give advice for SL because you
have to know where your SL should be depending on your position size but for posible EP and TG as well.
KrG NinjatradeFx #YulinFx Twitter
Gold prices have slumped despite escalating trade tensions and uncertainty over the outlook for global growth as a stronger dollar and higher interest rates have negated any boost from safe haven demand.
Gold prices saw a weekly loss of 1.27%, a decline of 3.75% for the month and a 5.41% drop for the quarter, leaving prices down 4.21% so far this year.
For longer-term i mean the whole year 2018 #XAUUSD bias is short. I don't give advice for SL because you
have to know where your SL should be depending on your position size but for posible EP and TG as well.
KrG NinjatradeFx #YulinFx Twitter
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.