My thoughts on what Gold could do
Updated
I expect price to push up to the FVG zone in the 1HR TF, which is also in confluence with the trendline.
Then a rally to the downside will follow.
DXY is still bullish and confirms the bias.
The most valuable thing to do now is to wait for proper confirmations before entering any trade.
Then a rally to the downside will follow.
DXY is still bullish and confirms the bias.
The most valuable thing to do now is to wait for proper confirmations before entering any trade.
Note
We're finally in the resistance zone. Short to 1896 - 1893 only after proper bearish confirmation.
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.