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 can test lower levels
2019-11-11 • Updated
SELL 0.6825; TP1 0.6790; TP2 0.6755; SL 0.6840
NZD/USD met resistance around 0.6875 (resistance line connecting February highs). Above this area, the pair will face more resistance levels rather close nearby (0.6900, 0.6940 - previous highs). The decline below 0.6830 will confirm a “Double top” and make the pair move towards the support line connecting this year’s lows (0.6755).
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