XAUUSD Long
It seems like the USD (DXY) reached an important resistance zone and revert. I expect now it to correct for the next few days before the next bullish explosion.
The XAUUSD is a good instrument to trade this correction since it goes in the opposite direction of the USD. We also have a double bottom forming at the 1170 level.
Target 1 : 1213 (1.618 fib extension)
Target 2 : 1240 (previous low + 2.618 fib extension)
Stop : 1168
Breakeven : 1200
The XAUUSD is a good instrument to trade this correction since it goes in the opposite direction of the USD. We also have a double bottom forming at the 1170 level.
Target 1 : 1213 (1.618 fib extension)
Target 2 : 1240 (previous low + 2.618 fib extension)
Stop : 1168
Breakeven : 1200
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