STOP/ENTRY/TP - XAUUSD - SHORT ( 3.0% )

17 พ.ย. 2022

Way over bought and requires some time to pull back.

(1) hour 50 EMA broken.

Daily BEAR Confirmation candle posted. More a move into next week.

The point at which the target sits is still a good point for the price to move higher on. Just the point a which a decent pull-back is situated.

It won't be a clear pattern. Gold and technicals haven't been friends of late and the correlation with the DXY is almost perfect recently.

MACRO is still the driver behind price.

A few other reasons for the thought in direction, but at 2 am in the morning - I can't be bothered going into it.

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