We can short gold from these levels and book profits respective to the charts.
DXY Confirmation in 4H shows strong uptrend after today's correction and I have engaged my sell orders as seen in the charts.
Please minimize your risk by only risking between 1-2% per trade and using a Stop Loss.
As we saw the key psychological barrier 1908 failed to break we can expect a sell extension towards key support of previous lows at 1877 .
Buy can be opened at 1877 level towards first key zone area of 1920.37 with a tight Stop Loss at 1869
*this is not financial advise please manage your risk accordingly.
The #1,915.80 barrier is decent nearby Support so buyers have a good reversal point. If Gold hits the #1,938.80 benchmark and invalidates it on one try, representing strong Resistance (see how it held strongly on April #10, April #11 and April #20) but also due Friday’s session parallel recovery on the Bond Yields (inverse correlation) and DX on Buying rally,...
