XAUUSD: News has helped gold bounced back from 2013$| what next?

Gold yesterday dropped to $2013 which is the lowest since november, expected to drop to at least $2000 before we could have seen price mitigate earlier. Due to negative news on DXY we saw strong rise on Gold; now there is possibility that Gold can rise towards 2090$ area. There are three possible entries for Gold now, one is entering now with 50-60 pips stop loss; second is dropping $2035 area where we can see huge demand kicking in. Third entry is swing entry which is likely to take time.

Good Luck and trade safe.

Сделка активна:

120 + pips from our entry