HELLO TRADERS
Before we talk about XAUUSD lets first take a look at the dollar index DXY
DXY has been bullish recently, broke above resistance and currently correcting to retest it
where we expect a continuation higher on the retest, the bullishness of DXY
indicates bearish XAUUSD
(DXY chart below)
Now back to XAUUSD, XAUUSD has been bullish for weeks and currently
managed to break below a strong resistance @ 1950 and retesting it
we expect a continuation lower on the retest targeting the next resistance @ 1920
BREAK ABLOVE 1960 WILL INVALIDATE THIS IDEA
GOOD LUCK
IF YOU FIND THIS IDEA VALUABLE SUPPORT IT WITH LIKES
Before we talk about XAUUSD lets first take a look at the dollar index DXY
DXY has been bullish recently, broke above resistance and currently correcting to retest it
where we expect a continuation higher on the retest, the bullishness of DXY
indicates bearish XAUUSD
(DXY chart below)
managed to break below a strong resistance @ 1950 and retesting it
we expect a continuation lower on the retest targeting the next resistance @ 1920
BREAK ABLOVE 1960 WILL INVALIDATE THIS IDEA
GOOD LUCK
IF YOU FIND THIS IDEA VALUABLE SUPPORT IT WITH LIKES