FX:XAUUSD   Gold / U.S. Dollar
601 2 14
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I think i may go to 40 level first before another leg up
SAME WITH EU?
+1 Reply
VRShaiju malukuan
Yes.. I agree with you. There is "bearish triangle" formation in 1h chart, which targets 1254-40 level. I choose neutral with this count and prefer range scalping instead of holding positions. The DXY trend is not over yet and we need further move upside to pause the DXY & USD/JPY momentum for a while. This cause a fall towards to the said target before bouncing to close the last week GAP. Thanks for your input.
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