XAUUSD
Hello traders,
For today, I'm anticipating a bullish market for gold. We have a very strong support line in place, and the DXY (Dollar Index) appears to be very bearish at the moment. When considering the 4-hour timeframe, it resembles a countertrendline trade for DXY. This alignment provides additional confluence for a gold buy trade.
However, as always, please be cautious and mindful of any news events that can impact the market. Keep a close eye on both technical and fundamental factors to make informed trading decisions.
Trade closed: stop reached