Hello,
We see this short-term bullish set up on Gold 4H TF with the latest local downtrend had been broken with a densed retest. This idea is backed up by DXY nearing it's correction downwards - see in the comments.
We see this short-term bullish set up on Gold 4H TF with the latest local downtrend had been broken with a densed retest. This idea is backed up by DXY nearing it's correction downwards - see in the comments.
Comment:
This DXY chart bear flag indicates a downwards continuation.
Comment:
DXY Monthly with a doji candle forming. Will watch this closely next week. If May ends with this doji, we may see Gold printing higher highs on daily.
Trade closed manually