After a massive sell off in dollar index dxy is bearish and strong fundamentals shows the more weakness in dxy.
Gold is above 2000$ and now traded at 2007$ looking very bullish and bulls take control of gold.
Now we see price of gold is in correction.
TRADE SETUP:
Now wait for the monday market open if price of gold break its near resistance to the upside than we see more bullish price scanario and take the buy trade for the target of last week high 2030 and all time high for the swing trade and stoploss is below the support area 1997.
Gold is above 2000$ and now traded at 2007$ looking very bullish and bulls take control of gold.
Now we see price of gold is in correction.
TRADE SETUP:
Now wait for the monday market open if price of gold break its near resistance to the upside than we see more bullish price scanario and take the buy trade for the target of last week high 2030 and all time high for the swing trade and stoploss is below the support area 1997.