Short-term interest, the request of the time!
-In times of high interest rates, protective assets tend to drop a little, as nothing could be fairer than putting our rich money into something that earns us at least 4% y.y for 12 months without much risk, if the trend of global economies and shrinkage.
-The monthly chart showed us a nice bullish pivot after the formation of a bottom at $1617, and this pivot would have the FIBONACCI gold region ($2060) as its destination, however, with a little help from the FED, it decided to take a breather.
-From the weekly chart, if the protection asset does not want to lose its medium-term uptrend, it cannot lose the $1741 region, since the loss of the region will lead the asset's price to want to seek the $1700 region as a destination more plausible for the current moment.
-The daily chart shows us this moment of correction, where, according to the SETUP used, prices tend to seek the range of $1754, testing the long average of that chart period.
-See it in 60min!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other reviews.
-The monthly chart showed us a nice bullish pivot after the formation of a bottom at $1617, and this pivot would have the FIBONACCI gold region ($2060) as its destination, however, with a little help from the FED, it decided to take a breather.
-From the weekly chart, if the protection asset does not want to lose its medium-term uptrend, it cannot lose the $1741 region, since the loss of the region will lead the asset's price to want to seek the $1700 region as a destination more plausible for the current moment.
-The daily chart shows us this moment of correction, where, according to the SETUP used, prices tend to seek the range of $1754, testing the long average of that chart period.
-See it in 60min!
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other reviews.
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