HELLO TRADERS
before we talk about XAUUSD lets first take a look at the dollar index DXY,
DXY has been bullish since retesting the support @ 101.2 and we expect a correction on the test of the support @ 103.6
the correction from the resistance (bearishness) will lead to bullish move on the XAUUSD
(DXY chart below)
Now back to XAUUSD,
XAUUSD has been bullish on HTF and we expect that trend to continue, after a strong pullback from 2060 to 1975 a correction is to be expected
our first support will be 1975
2nd @ 1935
bullish targets @ 2030
BREAK BELOW 1965 WILL INVALIDATE THIS IDEA
GOOD LUCK
IF YOU FIND THIS IDEA VALUABLE LIKE IT TO REACH MORE TRADERS
before we talk about XAUUSD lets first take a look at the dollar index DXY,
DXY has been bullish since retesting the support @ 101.2 and we expect a correction on the test of the support @ 103.6
the correction from the resistance (bearishness) will lead to bullish move on the XAUUSD
(DXY chart below)
XAUUSD has been bullish on HTF and we expect that trend to continue, after a strong pullback from 2060 to 1975 a correction is to be expected
our first support will be 1975
2nd @ 1935
bullish targets @ 2030
BREAK BELOW 1965 WILL INVALIDATE THIS IDEA
GOOD LUCK
IF YOU FIND THIS IDEA VALUABLE LIKE IT TO REACH MORE TRADERS
