HELLO TRADERS
Before we talk about XAUUSD lets first take a look at the dollar index DXY
DXY was strongly bullish yesterday and currently testing resistance @ 105.8,
after such a strong bull run we expect correction to the previous support lower @ 104.75
and as we know bearish dollar (DXY) indicates bullish XAUUSD
(see chart below)
now back to XAUUSD which dropped off a cliff yesterday to test a previous support @ 1810
we will be monitoring the price action @ this level in LTF for a possible signs of continuation higher
targeting 1830
BREAK BELOW 1795 WILL INVALIDATE THIS IDEA
IF YOU FIND THIS ANALYSIS VALUABLE BOOST IT TO REACH MORE TRADERS
GOOD LUCK
Before we talk about XAUUSD lets first take a look at the dollar index DXY
DXY was strongly bullish yesterday and currently testing resistance @ 105.8,
after such a strong bull run we expect correction to the previous support lower @ 104.75
and as we know bearish dollar (DXY) indicates bullish XAUUSD
(see chart below)
we will be monitoring the price action @ this level in LTF for a possible signs of continuation higher
targeting 1830
BREAK BELOW 1795 WILL INVALIDATE THIS IDEA
IF YOU FIND THIS ANALYSIS VALUABLE BOOST IT TO REACH MORE TRADERS
GOOD LUCK
