XAUUSD (Gold): Feel confident selling now
Been watching Gold for days, trying to work things out.
I think we'll see another push up from DXY following FOMC hawkishness last night, it's dancing around the 50% Fib retracement from the last move, this would be positive for gold.
With gold, I think we just got a local double top, but generally struggling at current levels, after failing to make a new high, AUD export data not great, also linked to gold.
I'm expecting an initial fall down to around 1937 (then could move further back to 1910 / 1900), but does need monitoring closely, as has been super volatile and overall direction still unclear to me atm from here.
I think a DXY push will see me hit this initial TP and then let's see what happens from there...
I'll wait for NY session to give me more clues
I think we'll see another push up from DXY following FOMC hawkishness last night, it's dancing around the 50% Fib retracement from the last move, this would be positive for gold.
With gold, I think we just got a local double top, but generally struggling at current levels, after failing to make a new high, AUD export data not great, also linked to gold.
I'm expecting an initial fall down to around 1937 (then could move further back to 1910 / 1900), but does need monitoring closely, as has been super volatile and overall direction still unclear to me atm from here.
I think a DXY push will see me hit this initial TP and then let's see what happens from there...
I'll wait for NY session to give me more clues
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Afternoon, or rather Good Morning NYC!
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Moved very fast so expecting pullback, got out to secure profits