Based on our previous analysis on the possibility that the DXY is still very Bullish the commodity Gold against the DXY can be seen as still very bearish.
* price has just ran some level of Buystops at the 1796.500 level and also traded through the last down close candle thus creating a Breaker Block.
* price is fractal indeed as similar price action can be seen on the 1hr time frame. We are currently short on the XAUUSD down to the equal lows at 1750.300 level and the 1678.800 level as our ultimate target thus we have arrived so far with two points of interest. Still waiting for more confluence while we ride the trend with caution.
AS YOU WERE...
* price has just ran some level of Buystops at the 1796.500 level and also traded through the last down close candle thus creating a Breaker Block.
* price is fractal indeed as similar price action can be seen on the 1hr time frame. We are currently short on the XAUUSD down to the equal lows at 1750.300 level and the 1678.800 level as our ultimate target thus we have arrived so far with two points of interest. Still waiting for more confluence while we ride the trend with caution.
AS YOU WERE...