Trading_Zone_3773

GOLD - Short term SELL ?

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
As you may know, DXY movement will have a strong impact to GOLD, xxxUSD pair.
From H4 timeframe, we can see that DXY got breakout from strong resistance to upside. Meaning there will be a SELL pressure to GOLD, xxxUSD pair.

For GOLD, price got rejected as resistance + double top pattern got breakout.
We should consider to look for SELL entry in smaller time frame:

XAUUSD XAUUSD XAUUSD
Trade closed: target reached:
Price is moving as expected. Supper nice trade

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.