It seems like XAU is forming a downtrend if DXY does not act very bullish at where it is now that will mean USD is not strong enough against XAU but if it does, Gold will go down because USD will be strong.
Note
our high was broken, meaning we are still bullish. Checking for bullish setups.
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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.