After yesterday's consumer sentiment data, Dxy broke below 112.00 causing rally in gold and currently trading in red uptrend channel
We are looking for short-term uptrend move while the overall trend will remain bearish in our opinion
A pullback to 1656-1657 will give a long opportunity targeting - 1678-1680.
Another safe buy will be around 1648 targeting the same.
Break above 1664 will be buyer's area,
We will not prefer any short position below 1638,
While 1682-1683 has been rejected many times in higher time frames also the overall trend is bearish, A short position from 1683 would be safer
We are looking for short-term uptrend move while the overall trend will remain bearish in our opinion
A pullback to 1656-1657 will give a long opportunity targeting - 1678-1680.
Another safe buy will be around 1648 targeting the same.
Break above 1664 will be buyer's area,
We will not prefer any short position below 1638,
While 1682-1683 has been rejected many times in higher time frames also the overall trend is bearish, A short position from 1683 would be safer
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🟡 Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/FxOverseas
🟢 INSTAGRAM: instagram.com/fxoverseas/
🟢 Youtube :youtube.com/@fxoverseas
🟡 Not financial advice. For educational purposes only.
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.
🔵 FREE TELEGRAM CHANNEL: t.me/fxoverseas
🔴 TWITTER: twitter.com/FxOverseas
🟢 INSTAGRAM: instagram.com/fxoverseas/
🟢 Youtube :youtube.com/@fxoverseas
🟡 Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/FxOverseas
🟢 INSTAGRAM: instagram.com/fxoverseas/
🟢 Youtube :youtube.com/@fxoverseas
🟡 Not financial advice. For educational purposes only.
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.