XAUUSD has been doing some price action during the last week.
ADX is lower than 25.0 for 1H, 4H and 1D time frames.
Also the price is reaching the long term very strong and clear resistance.
On the other hand the DXY is forming a double bottom pattern on 1D time frame.
Thus there are good odds for a successful swing short.
Disclaimer: this is for educational purposes only. Any risk related to trading this commodity is on you. Thanks.
ADX is lower than 25.0 for 1H, 4H and 1D time frames.
Also the price is reaching the long term very strong and clear resistance.
On the other hand the DXY is forming a double bottom pattern on 1D time frame.
Thus there are good odds for a successful swing short.
Disclaimer: this is for educational purposes only. Any risk related to trading this commodity is on you. Thanks.