TradingView
Short-termTaurus
Jan 4, 2024 2:09 PM

2030 support is difficult to hold, DXY continues to rise Short

GoldOANDA

Description

As I analyzed in the morning, 2050 is resistance. After gold encountered resistance, it began to fall. Coupled with the suppression of ADP and unemployment benefits data, it is now down 10 US dollars from the high.

A red rope candle in 4H swallowed up all the previous gains. In this case, the decline may continue.

All I think is that the 2030 support may be broken today

Trade active

It’s not above 2050, so I’m still bearish in the short term.

Trade active

More