The logic behind this move in gold is actually quite clear: expectations of rate hikes are heating up and interest rates are rising, increasing the opportunity cost of holding gold and naturally putting pressure on its price.
My trading approach: I’d only consider going long in two scenarios—either the PPI data is positive, or the technicals consolidate sideways and hold steady. The trend is still downward, so I’ll wait for a confirmed hold before considering a position, probably around 7.35.
If the PPI data is negative after a small rebound, I’d simply short at higher levels—straightforward and simple.
Commentary: Macro drivers plus technical confirmation—both conditions need to be met. Don’t rush to buy the dip; waiting for a signal on the right side of the chart is far more reliable than trying to call the bottom.
#Crypto
My trading approach: I’d only consider going long in two scenarios—either the PPI data is positive, or the technicals consolidate sideways and hold steady. The trend is still downward, so I’ll wait for a confirmed hold before considering a position, probably around 7.35.
If the PPI data is negative after a small rebound, I’d simply short at higher levels—straightforward and simple.
Commentary: Macro drivers plus technical confirmation—both conditions need to be met. Don’t rush to buy the dip; waiting for a signal on the right side of the chart is far more reliable than trying to call the bottom.
#Crypto
