US30 and Gold are inversely correlated. On US30 I am expecting bullish rally which lines up with gold's short analysis. Price came to 61.8% fibonacci zone where I expect a reversal. Next thing I want to see is trendline break and then I wait for retest on lower timeframes. Short potential is huge, TP 1 at 1535
Trade closed manually
Close gold. It broke trendline on our timeframe. At the moment is bullish on LTF. Lets wait for ascending trendline break to take short.
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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.