XAUUSD SHORTS! 200 PIPS!!!
- Gold finally broke structure yesterday and reached weekly resistance.
- Gold hasn't had a daily pullback in 16 days, overdue for a higher timeframe retracement.
- I believe gold will come down to retest the 1887 structure level, however we have to wait and see if it will break it to the downside for long-term sells.
- The DXY has created a triple bottom, showing signs of strength.
- Gold is creating a doji on the 4-hour timeframe - sign of reversal.
- Gold hasn't had a daily pullback in 16 days, overdue for a higher timeframe retracement.
- I believe gold will come down to retest the 1887 structure level, however we have to wait and see if it will break it to the downside for long-term sells.
- The DXY has created a triple bottom, showing signs of strength.
- Gold is creating a doji on the 4-hour timeframe - sign of reversal.
Trade closed: target reached