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TRADE ALERT: GOLD!
Date: 15 August 2022
Idea: Buy
Target: from $1,790 to $1,920
Reason:
Technicals:
Broken above 5 Month Downtrend
Rounding Bottom breakout
Price above the 50day MA
Fundamentals:
New safe haven against high US inflation rate and interest rate hikes.
US economy is shrinking Q1 - 1.6% and Q2 0.9%.
Exiting dollar as the EUR=USD
Since the Crypto winter, investors are moving back into what they know will move up no matter what.
I'm buying medium term.
Are you buying or selling and why?
Trade well, live free.
Timon Rossolimos
Owner, MATI Trader
TRADE ALERT: GOLD!
Date: 15 August 2022
Idea: Buy
Target: from $1,790 to $1,920
Reason:
Technicals:
Broken above 5 Month Downtrend
Rounding Bottom breakout
Price above the 50day MA
Fundamentals:
New safe haven against high US inflation rate and interest rate hikes.
US economy is shrinking Q1 - 1.6% and Q2 0.9%.
Exiting dollar as the EUR=USD
Since the Crypto winter, investors are moving back into what they know will move up no matter what.
I'm buying medium term.
Are you buying or selling and why?
Trade well, live free.
Timon Rossolimos
Owner, MATI Trader
✅ Facebook:
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)