As you must already know, the direction of Gold is mainly dependent on the Price action of DXY (US Dollar index). So first, we take a look at the US Dollar index.
NZD/USD: a short-term spike
2021-06-22 • Updated
NZD/USD has returned above the 50-week MA at 0.6940. An “Inside bar” was formed on the D1. There’s space for recovery to the 0.7020/7035 area.
Trade idea for NZD/USD
BUY 0.7000; TP 0.7025; SL 0.6885
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