XAUUSD D1 - Long Signal

18 Ara 2023

In accordance with the aforementioned analysis of the dollar index, we are poised for an impending descent, targeting the elusive $2000 per ounce mark—a significant psychological threshold that has remained elusive for substantial trading conviction thus far. Our objective is to bridge the gap and reach the lofty heights of the $2150 per ounce level observed on December 4th.

Nevertheless, it is imperative that we exercise prudence as we navigate through the holiday season. The voluminous wick that materialised on the 4th of December could resurface over the next couple of weeks, warranting a cautious approach in our trading endeavours.