XAUUSD: News has helped gold bounced back from 2013$| what next?

Gold yesterday dropped to $2013 which is the lowest since november, expected to drop to at least $2000 before we could have seen price mitigate earlier. Due to negative news on DXY we saw strong rise on Gold; now there is possibility that Gold can rise towards 2090$ area. There are three possible entries for Gold now, one is entering now with 50-60 pips stop loss; second is dropping $2035 area where we can see huge demand kicking in. Third entry is swing entry which is likely to take time.

Good Luck and trade safe.

Giao dịch đang hoạt động:

120 + pips from our entry