XAUUSD - Potential Downtrend
Potential Downwards move from here. 1872-75 can also be visited however, Looks bearish, invalid above 1890.
Reason:
-DXY above daily Resistance
-Bear Divergence on Weekly TF (Gold)
-Buy stop Liquidity, as mentioned at the start of the week.
-Bearish Butterfly on daily.
Current Support 1835, 1821, 1798. Can be used as TP. Below 1780 Heavy Bear.
BSL - Buy Stop Liquidity
Reason:
-DXY above daily Resistance
-Bear Divergence on Weekly TF (Gold)
-Buy stop Liquidity, as mentioned at the start of the week.
-Bearish Butterfly on daily.
Current Support 1835, 1821, 1798. Can be used as TP. Below 1780 Heavy Bear.
BSL - Buy Stop Liquidity
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