With the news of a rapid decline in transactions on the crypto platform and the debate by the Federal Reserve on commodity costs and production price mark ups as the United States braces for a recession.
We see the XAU market taking a position similar to last summer with the price ranges rallying between 1730 and 1825.
Could this be the call sign for the bulls to own the market till the end of autumn or is this just a retest of the support price (1768.50) to soar into the 2000S price range??
TIP: WAIT FOR 1815 PRICE RANGE (SELL)
We see the XAU market taking a position similar to last summer with the price ranges rallying between 1730 and 1825.
Could this be the call sign for the bulls to own the market till the end of autumn or is this just a retest of the support price (1768.50) to soar into the 2000S price range??
TIP: WAIT FOR 1815 PRICE RANGE (SELL)
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