US Dollar and 10Y Bond are moving lower and Gold is moving higher, looks like a corrective move, but time will tell, at the moment i would try to sale a rejection at the high board of the ascending broadening wedge that Gold is forming, would really waiting a clean rejection prior shorting with TP down to 1653, 1647 and 1639 ; RSI is overbought from 15 M up to 4H so i could expect a down move or another small pop and than down, not really sure but RSI is going in favour of shorting , still there is space fo some up but should be limited ; waiting to enter the trade only if i see a rejection around 1663-1665, if it push through 1663-1665 the trade is invalidated
Trade active
Note
it is late and i am tired i closed the trade with a small profit at 1658Trade closed manually
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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.