Hello,
We see this short-term bullish set up on Gold 4H TF with the latest local downtrend had been broken with a densed retest. This idea is backed up by DXY nearing it's correction downwards - see in the comments.
We see this short-term bullish set up on Gold 4H TF with the latest local downtrend had been broken with a densed retest. This idea is backed up by DXY nearing it's correction downwards - see in the comments.
Note
This DXY chart bear flag indicates a downwards continuation.Note
DXY Monthly with a doji candle forming. Will watch this closely next week. If May ends with this doji, we may see Gold printing higher highs on daily.Trade closed manually
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.
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.