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Duchess_of_Forex
May 26, 2021 8:46 AM

XAUUSD SHORTS! 200 PIPS!!! Short

GoldOANDA

Description

- Gold finally broke structure yesterday and reached weekly resistance.
- Gold hasn't had a daily pullback in 16 days, overdue for a higher timeframe retracement.
- I believe gold will come down to retest the 1887 structure level, however we have to wait and see if it will break it to the downside for long-term sells.
- The DXY has created a triple bottom, showing signs of strength.
- Gold is creating a doji on the 4-hour timeframe - sign of reversal.

Trade closed: target reached

Comments
Ali_EltomFX
Nice one
KnightsofGold
Great analysis. Good luck in your trading journey 👍
Duchess_of_Forex
@KnightsofGold Thanks! Same to you! :)
GIBBSXAU
A healthy pullback is definitely due.
Duchess_of_Forex
@GIBBSXAU, 100% agreed!
faisalntege
Good analysis 👏👏
Duchess_of_Forex
@faisalntege, Thank you! :)
naeemansari11
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