Duchess_of_Forex

XAUUSD SHORTS! 200 PIPS!!!

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
- 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.
Trade closed: target reached

Comments

Nice one
+1 Reply
Great analysis. Good luck in your trading journey 👍
+1 Reply
@KnightsofGold Thanks! Same to you! :)
Reply
A healthy pullback is definitely due.
+1 Reply
@GIBBSXAU, 100% agreed!
Reply
Good analysis 👏👏
+1 Reply
Duchess_of_Forex faisalntege
@faisalntege, Thank you! :)
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