Gold Spot / U.S. Dollar
Updated

XAUUSD Outlook 14/6/23 What is happening with DXY? 📉

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Whats up gold gang! hope you endured a boring day of price action with me .. wow. Very rangey even with 2 red news folders ..

What is up with DXY! .. terrible dollar news and its dropping very hard all the way below the 100 for the first time since last april before the rally.

What does this mean for gold? .. we may see a trip up to the 2000s again? .. its probable for sure. But not yet ..

Gold price, we are approaching the weekly resistance here that has given bearish reactions in the past. Im still waitng on this pull back and i hope that big move friday will provide us with that.

news at 3pm UK time will be the mover .. lets just see if we can get that entry confirmation around the key levels first.

If not, buys are always there on the charts looking for the breakout.

Last day of the week gang! we have had some nice winners this week and a couple break evens on my behalf .. statistically we get nice moves on fridays .. so lets hope this is the same ... and then its beer time! as is tradition

Updates constantly flowing during the day so FOLLOW me if you're not. Don't miss them.

catch you in london have a nice evening, night or morning wherever you are

your mate

tommyXAU
Note
ok gang this puts us in a good spot for NY .. the miss of the level builds up liquidity and people who are going long might be lured into a trap. Im looking for strong closes in the zone to take shorts

snapshot

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