Gold Spot / U.S. Dollar
Short
Updated

XAUUSD GOLD Potential Bearish Correction

We find a bearish retracement opportunity

Holding Period : 1-5 days

Major Trend : Bullish

Chart Time Frame: DAILY

Trade Type: Bearish Correction / Retracement

Price Target: ( By Murrey Math Calculations ) 2310 2283 2254 2236

Technical Indicators : MFI Divergence ( not comfirmed yet ) , Extreme Reversal Sniper Div ( Not cofirmed yet )

Fundamentals : Major trend is bullish for Gold. Reasons : Central Banks buy physical gold & Inflation hedge worries.
Note
Hot US CPI came!!
Selling the gold.

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