Xau/USD outlook
Updated
Hello everybody! What you are looking at is a daily and 1hr chart of xau/USD (gold). Price has been Bearish for a few days now but I don't think we are bullish just yet. My bias is still bullish on the dollar, based on analysis of DXY and with current world conditions. Looking for another run up into buy side liquidity, and then another shift to the downside to reach my target.. Just some of what I see in gold. This is not trade advice in any way shape or form. Bless you all, best of luck and happy trading.
Note
That worked out really well. price came down to the 1787 level. close enough to my target, but I don't think the bear move is over just yet..
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