It looks like a bull trap in a short term level

FX:XAUUSD   Gold Spot / U.S. Dollar
Notes: As US index get higher, commodity prices get lower and vice versa. I also see a n uptrend scenario if 1.340 will break in a near short term....Initial target will be 1.370, then followed by 2nd target 1.526. cutloss or sell short if 1.310 is not break. Goodluck and happy trading
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