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May 23, 2022 8:35 AM

Gold H1 - Long Signal Break & Retest Long

Gold/U.S. DollarFXCM

Description

Gold H4

On the basis the dollar breaks south of 102.500/102. We could expect a spike in gold demand/price due to the drop in USD.

As always, that element and confirmation to confirm bullish bias would be seen through a break and close around 1872 (weekly key level), and subsequent retest of 1858, this is where we could consider loading up on Gold longs. Just like 1.25 on cable.
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