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KaisMarket
Feb 7, 2021 11:47 AM

XAUUSD Short

Gold/U.S. DollarFXCM

Description

Gold calls have been perfect, with a stronger dollar occurring short term we look to see it push down the value of gold. DXY aiming for 92/92.500, which would significantly drop the price of gold.

Head and shoulders set up, neckline broke and awaiting re-test on 1D timeframe. look to add shorts around the 1825 level as long as we can turn temporarily previous support into resistance.

target this week sell @ 1825 - target @ 1766
Comments
WicktatorFX
Exactly what I got! Nice one mate
HA9816
how sure are you that gold will drop
KaisMarket
@HA9816, im bearish trade your plan
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