PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
The stock market fell sharply yesterday. Our trade positions were also largely closed at a loss. Also, our Gold position was closed at a loss. The market has been fickle in recent days. The dollar shows very well how the market has moved in recent days. Yesterday we indicated that the dollar is rising again. But today the dollar is falling again. Still, it is expected that the dollar will find its way back up. We expect support at 102.325. The EURUSD appears to be up again against the 1.05655 support. A Long trade entered at 1.06244. Gold is on the way up. Towards the 1848.12. If this is broken, the chance to move further up is high. However, we have placed a short at 1820. Our position in GBPJPY is going well. The pair is testing the short odds. Finally, we performed a long trade on AUDUSD

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.