Emas Semerta / Dolar A.S.Telah dikemas kini A Gold Breakdown
It looks as though Trump is pushing for a trade deal with China as he approaches solutions to win him more satisfaction amongst American voters.
A big part of his manifesto pledge was to get a better deal, which I believe he was saving for closer to the 2020 election, but as he is under pressure, a deal may be put through soon.
Gold has been very closely following news on the trade war and recent weakness has shown that a deal is in the offing which may lead to a breakdown.
On the monthly chart, from a technical perspective, Gold looks ready to break down and retest support at 1360, a hugely long term resistance zone which has not yet been retested. Looking for shorts in the 1500-1520 zone and bids between 1350-1410 to close them with a healthy stop above 1550. This also coincides very nicely with a trend line holding us since mid 2018 which creates good confluence from a technical perspective.
A big part of his manifesto pledge was to get a better deal, which I believe he was saving for closer to the 2020 election, but as he is under pressure, a deal may be put through soon.
Gold has been very closely following news on the trade war and recent weakness has shown that a deal is in the offing which may lead to a breakdown.
On the monthly chart, from a technical perspective, Gold looks ready to break down and retest support at 1360, a hugely long term resistance zone which has not yet been retested. Looking for shorts in the 1500-1520 zone and bids between 1350-1410 to close them with a healthy stop above 1550. This also coincides very nicely with a trend line holding us since mid 2018 which creates good confluence from a technical perspective.
Nota
Okay, so making a trade on this timeframe is difficult due to the multiplicity of risk events which could push Gold in either direction.One thing I didn't anticipate was the moving forward of Trump's impeachment case. The charts looked very strong for a breakdown after a fake-out towards 1520 and a full retrace, however, the news has pushed Gold back up. So until this enquiry is dealt with appropriately, the result of which I am not able to predict, unless it is a speculative guess, then this trade is difficult to predict.
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.