As we can see price has finished its ABC Correction pattern with a strong rejection from the 61.8% fib level.
Now we have tapped into a strong 4H Supply Zone looking for the continuation of selling pressure for Gold as dollar strength continues to gain more heavy buyers.
I will be looking for targets of 1900
Remember:
DXY - Strength
XAUUSD - Weak
Now we have tapped into a strong 4H Supply Zone looking for the continuation of selling pressure for Gold as dollar strength continues to gain more heavy buyers.
I will be looking for targets of 1900
Remember:
DXY - Strength
XAUUSD - Weak