Gold bounces off of support overnight. DXY will take a dive
Updated
PBOC will sell more dollar as the greenback approaches the 7 mark. When you see their volume hitting the highs buy gold.
Alternatively, you can buy gold no and sell at MA crossing on the 1H, and then some more at the top of triangle.
This is a high reward/risk trade.
Go get them.
Piranha out.
Alternatively, you can buy gold no and sell at MA crossing on the 1H, and then some more at the top of triangle.
This is a high reward/risk trade.
Go get them.
Piranha out.
Note
This is for tonight. Have an SL and try to get in around support.Looking good so far. Dollar still holding support. Now lets wait for Chinese open.
Note
CNY never hit volume. Gold bears are in. SL hit for me. Look for another entry when that takes effect.
Note
Watch for wick extending down and getting rejected. Watch dxy. Though the sell off rn is not correlated.Note
Seems to be doing alright after a huge dump. Only 3/4 of position remain as one took the SL on whiplash. moved up the other SLs as a manual trailing stop.
Best of luck.
Note
As expected DXY took a dive but gold followed.
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