Pretty decent RR here, based on great level of support, and DXY slow down.
Even though everything about USD is positive (consistent green fundamental data, likely avoiding recession, hawkish FOMC attitude to interest rates), it's still not firing - this tells me it's already over-priced.
I'm going long on GOLD, Buy 1810, SL 1788, TP 1946, RR 1:6.3
Even though everything about USD is positive (consistent green fundamental data, likely avoiding recession, hawkish FOMC attitude to interest rates), it's still not firing - this tells me it's already over-priced.
I'm going long on GOLD, Buy 1810, SL 1788, TP 1946, RR 1:6.3