HELLO TRADERS
before we talk about XAUUSD lets first take a look a the dollar index DXY
DXY is looking bearish at the moment as its testing resistance, if its rejected lower that will indicate bullish pressure on the XAUUSD
(see chart below)
now back to XAUUSD where it managed to break the resistance @ 1830 and now we are retesting it
we'll be monitoring the price action at this level for signs of potential uptrend
our targets will be 1850
BREAK BELOW 1820 WILL INVALIDATE THIS IDEA
GOODLUCK
IF YOU FIND THIS IDEA VALUABLE BOOST IT TO REACH MORE TRADERS
before we talk about XAUUSD lets first take a look a the dollar index DXY
DXY is looking bearish at the moment as its testing resistance, if its rejected lower that will indicate bullish pressure on the XAUUSD
(see chart below)
now back to XAUUSD where it managed to break the resistance @ 1830 and now we are retesting it
we'll be monitoring the price action at this level for signs of potential uptrend
our targets will be 1850
BREAK BELOW 1820 WILL INVALIDATE THIS IDEA
GOODLUCK
IF YOU FIND THIS IDEA VALUABLE BOOST IT TO REACH MORE TRADERS
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.