Gold is Trading on Buying pressure from DX on red candles

٢ فبراير ٢٠٢٢

My position: As Gold is recovering the lost ground, current configuration offers me no favourable pattern to Trade by, and since I am not interested in Buying Gold , I will await for a chance to Sell Gold towards #1,781.80 Support zone . Gold has #3 strong Resistances ahead of #1,821.80 level, so Buyers should take those into consideration. Once DX starts recovering the lost ground, #1,800.80 - #1,798.80 break can be excellent Selling entry point towards #1,781.80 Support.