XAUUSD Outlook 25/8/23 Gold and Dxy lost correlation 🥲

Whats up gang!! wow gold has been strange this week!! lots of fakeouts and huge moves in opposite directions as per my strategy. Still finishing in the blue having grabbed some pips with the squad in sells today .. but not getting the runners. Lets see why ..

the BRICS summit is certainly doing wonders for gold but its seemingly not stopping dollar .. as both are rising at the same time. Usually we have opposite correlation .. this is why its been hard for me to see the moves. Ive noted it down and will learn from it in the future for sure.

Big day tomorrow for our mate jerome powell is taking the mic once again to spit his BS written by whoever is controlling him .. so we should see some nice volatility thankfully!

No guesses from me on direction .. just want to see some trend again lol

buys sells and reversals are all marked on .. any moves in asian i wont be able to advise on as ill be asleep .. so use your initiative and risk management

Lets finish the week strong guys its big friday once again ... i can almost taste those beers!!

hit the follow button if you want to follow a real trader with a though process and not an AI bot like most on here with a female avatar lol

catch you in london!

tommy

Comment:

missed the sells .. took the buys when it hit target.

Tough day again with price but we got the W .. thanks for playing. see you next week