Gold Spot / U.S. Dollar
Long
Updated

XAU

178
I do believe XAU will move back to the $1800 area to retest this area of high market transactions, the next move I drew on has no proof yet but with market conditions it is highly possible. Wait for XAU to current area highlighted by the green lines, then we should see a strong move up as the DXY weakens.
Note
DXY super strong, I wouldnt take a long position here personally, maybe look for the breakout to the downside.

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.