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TradeTheStructure

Is it time for Gold to finally bounce

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
TradeTheStructure  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Supply and Demand Multiple Time Frame Analysis Gold XAUUSD goldtrading goldidea
5
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trendanalysis supplyanddemand mtfa gold xauusd goldtrading goldidea
Gold has been linked to the fortunes of the USD and been relentlessly sold as the USD moved up. Gold is now down on Daily support and the USD may have found a high if the US Fed Reserve get serious about inflation and interest rate rises. Watching Gold now to find some buyers and potentially squeeze out some of those pesky shorts. Preferred price action is for a flush of support and then a higher low.

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