If you have followed my previous posts, you'd probably be in sitting atop some good profits. Currently, Gold is struggling to go bullish as there seems to be significant selling pressure. The 20 MA on 4 Hours timeframe reveals a moving support for the gold prices.
In the meantime, DXY, which started in the green, has dived down to red, albeit it has recovered some lost ground. For now, I would suggest traders to observe the market for any unusual movement. DO NOT TRADE GOLD for the next few hours!
In the meantime, DXY, which started in the green, has dived down to red, albeit it has recovered some lost ground. For now, I would suggest traders to observe the market for any unusual movement. DO NOT TRADE GOLD for the next few hours!
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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.