SignalSwiss
Long

GOLD: CONSOLIDATION

FX:XAUUSD   Gold Spot / U.S. Dollar
1887 6 61
Potential consolidation in the near term, but our focus remains on the weekly review we posted a few days ago (see chart below):




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SignalSwiss
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Comment:
Hi. What do u think about it? Higher DXY means a lower XAU, right? Best regards :) mav
Reply
SignalSwiss m4riovolp3
Yes, technically, what you say is correct! :)
Reply
m4riovolp3 SignalSwiss
ok. So. And, from the technical point of view, it means, that the precious metal (gold) have to move down. A confirmation is needed, before we can go "ALL IN" long. Right?
Reply
m4riovolp3 m4riovolp3
on a daily timeframe: I'll see this scenario (DXY)
The result of that: Gold very long (mid-long term) But, in a short term (next days or week) we expect an another leg down. What do u mean? greets :) mav
Reply
IS THE TRADE ACTIVE SIR???
+1 Reply
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