Gold Spot / U.S. Dollar

Long

Updated

XAU USD long idea as DXY comes back

stop is daily close.

Note

so looks like we finally have a break out, but actuall I expect one more touch to the consolidation :

snapshot

Note

More interestingly, once again, we can confirm that as people are trying to hedge influation, they're changing their preference between XAU/USD and BTC/USD :

snapshot

Note

if we zoom in, here's the possible retrace points :
the green band,
the red line below it.

snapshot

Note

this level should hold and wont let us go below 1808 :

snapshot

Note

update :

snapshot

Trade closed: target reached

snapshot

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