As you may know, DXY movement will have a strong impact to GOLD, xxxUSD pair.
From H4 timeframe, we can see that DXY got breakout from strong resistance to upside. Meaning there will be a SELL pressure to GOLD, xxxUSD pair.
For GOLD, price got rejected as resistance + double top pattern got breakout.
We should consider to look for SELL entry in smaller time frame:
XAUUSD
XAUUSD
XAUUSD
From H4 timeframe, we can see that DXY got breakout from strong resistance to upside. Meaning there will be a SELL pressure to GOLD, xxxUSD pair.
For GOLD, price got rejected as resistance + double top pattern got breakout.
We should consider to look for SELL entry in smaller time frame:
XAUUSD
XAUUSD
XAUUSD
Trade chiuso: obiettivo raggiunto:
Price is moving as expected. Supper nice trade