Gold Price Action action combining DXY and US10Y.
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| GOLD Daily candle |
Setup
1. Price opens and has been trading higher but with not that momentum.
2. Price finally comes back to open at 8:00 and takes open and stops.
3. Immediately after taking stops, it prints an engulfing candle, making a significant high, even higher than open price.
4. Price retraces to the OB and continues trading higher.
Making 100pips within 2 hours before consolidating
2. Price finally comes back to open at 8:00 and takes open and stops.
3. Immediately after taking stops, it prints an engulfing candle, making a significant high, even higher than open price.
4. Price retraces to the OB and continues trading higher.
Making 100pips within 2 hours before consolidating
