GOLD $OANDA:XAUUS can be show upside potential as it can be as it is now at a significant support zone as well as dollar index
DXY has recently broke a significant support zone and now is taking a pull back
GOLD is also heavely bought by institutions as shown in COT Data Report
And due to cooling inflation feds have seeb to be pausing the interest rate hikes thus result for more Dollar weakness and gold strengthening
Stop loss and target is shown in the chart above
Disclaimer: this is not financial advice this is my opinion, a Trade must do there analysis
GOLD is also heavely bought by institutions as shown in COT Data Report
And due to cooling inflation feds have seeb to be pausing the interest rate hikes thus result for more Dollar weakness and gold strengthening
Stop loss and target is shown in the chart above
Disclaimer: this is not financial advice this is my opinion, a Trade must do there analysis
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.