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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.