XAUUSD H4 - Short Signal

XAUUSD H4

Now whilst we are seeing the dollar gain, we are still 'technically' in an uptrend with XAU here on the H4 timeframe, the dollar index is looking like it may want to correct a bit more, and this may see XAUUSD follow suit. We may see a short term retest on that $1940/oz price before dumping.

Remember, trends are still valid until the HH/HL sequence is broken, trendlines mean nothing in our analysis, they're too subjective, we use previous high and low price to determine which direction we are pointing.