Gold has not been trading with a strong inverse correlation with the DXY over the last couple of days.
However, expecting the DXY to break out of the current consolidation and continue to climb higher, naturally, we should anticipate that XAUUSD should trade lower down to the near term support of 1946.
If the price breaks the support level, the next interim target level would be at 1933
However, expecting the DXY to break out of the current consolidation and continue to climb higher, naturally, we should anticipate that XAUUSD should trade lower down to the near term support of 1946.
If the price breaks the support level, the next interim target level would be at 1933
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