Gold H4
On the basis the dollar breaks south of 102.500/102. We could expect a spike in gold demand/price due to the drop in USD.
As always, that element and confirmation to confirm bullish bias would be seen through a break and close around 1872 (weekly key level), and subsequent retest of 1858, this is where we could consider loading up on Gold longs. Just like 1.25 on cable.
On the basis the dollar breaks south of 102.500/102. We could expect a spike in gold demand/price due to the drop in USD.
As always, that element and confirmation to confirm bullish bias would be seen through a break and close around 1872 (weekly key level), and subsequent retest of 1858, this is where we could consider loading up on Gold longs. Just like 1.25 on cable.
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Website - stan.store/TradeSimpleFX
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e-Mail: info@tradesimplefx.com