XAUUSD D1 - Long Signal
XAUUSD D1
XAUUSD experienced a notable sell-off yesterday, even in the face of a 600-point correction in the DXY. As we recall from last week, we highlighted the market's mixed correlation and potentially misleading confirmations. Presently, this is precisely what we are witnessing: stock indices, the DXY, and XAUUSD all providing conflicting signals.
However, it's imperative to adapt to such situations when we're actively trading during periods like today, marked by geopolitical tensions, market risk, and heightened uncertainty. Our buy zone has now undergone a slight adjustment, so let's remain attentive to the evolving zones and make informed decisions accordingly.
XAUUSD experienced a notable sell-off yesterday, even in the face of a 600-point correction in the DXY. As we recall from last week, we highlighted the market's mixed correlation and potentially misleading confirmations. Presently, this is precisely what we are witnessing: stock indices, the DXY, and XAUUSD all providing conflicting signals.
However, it's imperative to adapt to such situations when we're actively trading during periods like today, marked by geopolitical tensions, market risk, and heightened uncertainty. Our buy zone has now undergone a slight adjustment, so let's remain attentive to the evolving zones and make informed decisions accordingly.
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Website - stan.store/TradeSimpleFX
Instagram: instagram.com/trade_simple_fx
e-Mail: info@tradesimplefx.com
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