GOLD
GOLD closed BULLISH and broke the higher timeframe structure, DXY moved BULLISH at the same time, this shows weakness in the currency compared to GOLD which isn’t a surprise in the current climate. GOLD should push higher before having a pullback towards 1823, it should dip further but ultimately, I will be looking for buys above this region with the 1915 region next in my scope. I am looking for a short as well should 1874 be met first.
GOLD closed BULLISH and broke the higher timeframe structure, DXY moved BULLISH at the same time, this shows weakness in the currency compared to GOLD which isn’t a surprise in the current climate. GOLD should push higher before having a pullback towards 1823, it should dip further but ultimately, I will be looking for buys above this region with the 1915 region next in my scope. I am looking for a short as well should 1874 be met first.
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.