This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Because USD hasn't risen it's interest rate (yet) which was expected because of higher than anticipated inflation and EUR rose their rate accordingly unlike USD I'm selling gold against USD because Euro's news is already out and EUR has only 4.9% inflation atm which is better with already a hike to 0.25 points which is good for their 2% inflation target and no hike yet seen in USD (only rumor 3 hikes in 2022 and early tappering (hawkish)) with 6.8% inflation (bad condition) and no hikes yet (but aggressive than EUR rumors!) which suggests buy USD as it still has rumors for 3 hikes. Even though a rate hike is good for currency and less inflation is good too which is here EURO but far aggressive rumor than EURO is still in play for USD which investors might want to take the market to for better positions when the news is out already to juice retail traders. (Assumption).
Because USD hasn't risen it's interest rate (yet) which was expected because of higher than anticipated inflation and EUR rose their rate accordingly unlike USD I'm selling gold against USD because Euro's news is already out and EUR has only 4.9% inflation atm which is better with already a hike to 0.25 points which is good for their 2% inflation target and no hike yet seen in USD (only rumor 3 hikes in 2022 and early tappering (hawkish)) with 6.8% inflation (bad condition) and no hikes yet (but aggressive than EUR rumors!) which suggests buy USD as it still has rumors for 3 hikes. Even though a rate hike is good for currency and less inflation is good too which is here EURO but far aggressive rumor than EURO is still in play for USD which investors might want to take the market to for better positions when the news is out already to juice retail traders. (Assumption).
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weekly
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watch for breakout and correction to add confidence to the setup (15mintf).
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waiting breakout.
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15 tf
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broken rising wedge 15tf
closeup look.
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thanks to @BitFink
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