XAUUSD (Gold) 4H - More Selling Pressure!
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
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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.
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.