GOLD - Short term SELL ?
Updated
As you may know, DXY movement will have a strong impact to GOLD, xxxUSD pair.
From H4 timeframe, we can see that DXY got breakout from strong resistance to upside. Meaning there will be a SELL pressure to GOLD, xxxUSD pair.
For GOLD, price got rejected as resistance + double top pattern got breakout.
We should consider to look for SELL entry in smaller time frame:
XAUUSD XAUUSD XAUUSD
From H4 timeframe, we can see that DXY got breakout from strong resistance to upside. Meaning there will be a SELL pressure to GOLD, xxxUSD pair.
For GOLD, price got rejected as resistance + double top pattern got breakout.
We should consider to look for SELL entry in smaller time frame:
XAUUSD XAUUSD XAUUSD Trade closed: target reached
Price is moving as expected. Supper nice trade
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