XAUUSD 15/5/23 Outlook. Gold to the 1980s?Good evening gold gang! hope your weekend was a good one!
We are back, recharged and ready once again for the gold outlook. Lets lock it in ..
We are approaching a very strong daily level here that has seen price bounce from many times and a strong close below can mean we will finally start coming back down to the mid 1900s once more. Couple this with a strong DXY push indicating dollar strength .. we could be starting the dollar domination once again.
DXY is due a small pull back though as it pushed heavily last week .. so we may see a little upside at the beginning of the week.
Buys and sells are on there .. and as usual for those asking, i wait for clear closes in these areas before taking trades and target where stated. I am also not greedy and pay myself along the way as we take what the market gives us, not what we hope it gives us.
Ill be updating during the day on this chart any changes made .. so make sure you follow along!
Smash the boost button if you're ready to make some cash this week
see you in the morning for london
TommyXAU
