GOLD $OANDA:XAUUS can be show upside potential as it can be as it is now at a significant support zone as well as dollar index 
DXY has recently broke a significant support zone and now is taking a pull back
GOLD is also heavely bought by institutions as shown in COT Data Report
And due to cooling inflation feds have seeb to be pausing the interest rate hikes thus result for more Dollar weakness and gold strengthening
Stop loss and target is shown in the chart above
Disclaimer: this is not financial advice this is my opinion, a Trade must do there analysis
DXY has recently broke a significant support zone and now is taking a pull backGOLD is also heavely bought by institutions as shown in COT Data Report
And due to cooling inflation feds have seeb to be pausing the interest rate hikes thus result for more Dollar weakness and gold strengthening
Stop loss and target is shown in the chart above
Disclaimer: this is not financial advice this is my opinion, a Trade must do there analysis
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.
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.