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Gold Spot / U.S. Dollar

Dec. 30- Jan. 4 XAUUSD

By qbstew
XAUUSD (Gold) Daily TF.. Very similiar to UJ we are at a Daily Ceiling. Clearly on a bullish push all last week. UJ and Gold usually are opposites, but as you can see last week they matched each other. Not always 100% the case. Gold you can’t mark up like a normal pair, it’s based on more supply and demand zones than anything. Always remeber each pair is it’s own DRAGON. If this cieling gets broken with 2 bullish candles on M30 TF.. I see it pushing to 1555.. If it can’t break I see a pull back retracement to around the 50% level. Let’s See
Trend Analysis

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