JoeChampion

Gold Potential Downsides

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1978 zone, Gold is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1978 support and resistance zone. I would also keep an eye on DXY to confirm the bias as a strong dollar should be heavy on Gold.
Trade safe, Joe.

Join our telegram Channel for daily market updates t.me/JoeChampion
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.