Gold is having a strong bullish momentum
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Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2,330 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2,330 support and resistance area.
We would also like to consider the negative correlation between DXY and Gold. DXY now is feeling bearish and in a bearish trend and Gold should benefit from that.
Trade safe,
Joe.
We would also like to consider the negative correlation between DXY and Gold. DXY now is feeling bearish and in a bearish trend and Gold should benefit from that.
Trade safe,
Joe.
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