XAUUSD has become unstoppable.
Weaker DXY - USD dollar, high inflation and a global upcoming financial recession pushing the precious metal higher, on the road of the monthly and weekly
liquidity (wick) of 2000.
At the moment the price is at the upper trendline of a bullish channel. So, I am expecting a correction and I intent to buy at a decent dip.
Most recent support areas along with Fibo levels may provide an opportunity for a profitable long.
1974 is a key area too.It is possible to trigger a mid-term drop.
If price reaches ATH area it means sell for me. At least as a short - term idea. We will see then.
Weaker DXY - USD dollar, high inflation and a global upcoming financial recession pushing the precious metal higher, on the road of the monthly and weekly
liquidity (wick) of 2000.
At the moment the price is at the upper trendline of a bullish channel. So, I am expecting a correction and I intent to buy at a decent dip.
Most recent support areas along with Fibo levels may provide an opportunity for a profitable long.
1974 is a key area too.It is possible to trigger a mid-term drop.
If price reaches ATH area it means sell for me. At least as a short - term idea. We will see then.
Trade active
Comment:
+200 pips so far
Comment:
+400 pips - partials