Its no mystery that the DXY has an inverse mirroring relationship with XAUUSD. When DXY goes down, XAUUSD usually rises.
The RSI for DXY has been bottom of the barrel for a long time now, and combined with a recent break in structure, due certainly due for a temporary rise, which doesn't bode well for XAUUSD in the short term. I placed my SL around 3,254 and TP around 3,243, two key areas of support and resistance from an SMC perspective.
The RSI for DXY has been bottom of the barrel for a long time now, and combined with a recent break in structure, due certainly due for a temporary rise, which doesn't bode well for XAUUSD in the short term. I placed my SL around 3,254 and TP around 3,243, two key areas of support and resistance from an SMC perspective.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.