With better-than-expected Core Retail Sales news
The dollar immediately benefited and pushed gold down
However, when GOLD touched the H4 trend, it bounced up again, causing gold to continue in the orbit of the parallel trend
Gold has now bounced and created a short-term buy downtrend
The dollar immediately benefited and pushed gold down
However, when GOLD touched the H4 trend, it bounced up again, causing gold to continue in the orbit of the parallel trend
Gold has now bounced and created a short-term buy downtrend
Note
Gold prices are currently in a defensive positionNote
👨💻 XAUUSD SELL zone 1905 - 1907🔹SL 1910
🔹TP 1896
Note
Close +70PIps
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.