XAUUSD

٢٢ يوليو ٢٠١٨

Gold did have a bullish close last week, i do expect to see some further upside however i do maintain a bearish bias as we are in a downtrend on the Daily time frame, looking to take short positions at the weekly resistance at 1245.72 after the market shows some bearish signals in terms of price action. once again our major obstacle is the dollar index where we have seen bullish exhaustion, hopefully its was bulls taking profit getting ready for the next leg up on the DXY