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Jan 16, 2024 2:51 AM

GOLD - Short term SELL ? Short

Gold / U.S. DollarFOREX.com

Description

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:


OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD

Trade closed: target reached

Price is moving as expected. Supper nice trade

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