Gold Is Approaching An Important Support Area
Updated
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2380 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2380 support and resistance area.
We would also like to consider the current bearish bias in DXY, due to the negative correlation gold tends to continue rising.
Trade safe, Joe.
We would also like to consider the current bearish bias in DXY, due to the negative correlation gold tends to continue rising.
Trade safe, Joe.
Note
DXY feels so bearish, are we heading towards a record high for Gold?
Note
Gold seems to have intentions of correction towards the trend before hitting record high!Note
fed's daly says she sees a policy adjustment, possibly a rate cutNote
Perfect bounce off the 50% midpoint
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