XAUUSD 25/4/23 outlook bearish dollar?
Good evening gold gang! hope you are well and survived a very boring day on the gold chart. No news today causing price to range for most of the day trapping traders long and short. Not me though, my levels remained untouched so i stayed away. Thats experience for you hah
So for tomorrows price, we have some news late in the day which could cause price to range again .. so be aware there could be little volume. If we get some then i have the same levels marked out with an extra zone for the buys. I have left a gap in the middle as its very messy and would not be trading in that zone .. its also a potential fake out zone for price to reverse .. so best to stay clear.
DXY still in that bearish channel and will close below 101.45 tonight. last time it did this is fell down driving gold up. Lets see.
Buys above are very nice with lots of clean range to fill.
1993 key level still respected as it has been all April, so we are due some movement away from it. Sells below the 70s marked up.
Have a great evening gang .. remember if you are taking the trades .. 30 min min candle close into the zone before executing .. take profits along the way dont get greedy.
Thanks for 700 followers wow!! .. hope im providing you with good content and helping the community. Please like and follow along if i am.
tommyXAU
So for tomorrows price, we have some news late in the day which could cause price to range again .. so be aware there could be little volume. If we get some then i have the same levels marked out with an extra zone for the buys. I have left a gap in the middle as its very messy and would not be trading in that zone .. its also a potential fake out zone for price to reverse .. so best to stay clear.
DXY still in that bearish channel and will close below 101.45 tonight. last time it did this is fell down driving gold up. Lets see.
Buys above are very nice with lots of clean range to fill.
1993 key level still respected as it has been all April, so we are due some movement away from it. Sells below the 70s marked up.
Have a great evening gang .. remember if you are taking the trades .. 30 min min candle close into the zone before executing .. take profits along the way dont get greedy.
Thanks for 700 followers wow!! .. hope im providing you with good content and helping the community. Please like and follow along if i am.
tommyXAU
Comment:
The buys were there in the asian session .. didnt quite hit target but 50 ish pips were on the table for anyone who took them. Great job.
Comment:
Another very strong price correction from gold all the way back up to the buy area following the trend. If we break back into the zone and close .. ill be taking the buys.
Comment:
Price has closed inside the buy zone but its way too late in the day for me to take this. If you are, may the volume gods be forever in your favour
Comment:
Boop!! Target smashed. Amazing!! Congrats whoever jumped in .. strange time for volume i guess. Bullish bias and target both on point from todays analysis.