GOLD Sell Off! USD Bulls are coming!!!
Hello Traders,
Couple of things that I would like to point out. First, EURUSD has already broken DOWN from a major level of consolidation. Second, USD it's been gaining more and more ground due to high expectations of rising interest rates. Looks like the DXY is also breaking above a level of consolidation. Finally, this BFT is about to break below and if that happens, which I think it will, it could spell something bad for Gold Bulls!
Happy Trading!
Couple of things that I would like to point out. First, EURUSD has already broken DOWN from a major level of consolidation. Second, USD it's been gaining more and more ground due to high expectations of rising interest rates. Looks like the DXY is also breaking above a level of consolidation. Finally, this BFT is about to break below and if that happens, which I think it will, it could spell something bad for Gold Bulls!
Happy Trading!
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