XAUUSD - Trade Plan for next couple of weeks

Overall Trend is bearish. Before it continues to the next bullish run price will be testing the 1620 area. As currently there is no good risk to reward on the sell-side I will be looking at confirmation of the breakouts for Buy.

Buy zone 1: 1680
Buy Zone 2: 1620

Bonds rejected the multi-year resistance on Friday, so we need to have a closer look into DXY as it was the one that rallied on Friday.



DXY