Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1802 zone respecting the bearish trend in combination with the daily strong supply zone.
Taking in consideration also the bullish bias i have on USD after Fed Hawkishness and you already know the negative correlation between USD and Gold.
As usual once we will receive any bearish confirmation the trade will be executed.
Remember always to respect proper risk management especially with gold, because gold movements are violent comparing to forex pairs.
Trade safe, Joe.
Taking in consideration also the bullish bias i have on USD after Fed Hawkishness and you already know the negative correlation between USD and Gold.
As usual once we will receive any bearish confirmation the trade will be executed.
Remember always to respect proper risk management especially with gold, because gold movements are violent comparing to forex pairs.
Trade safe, Joe.
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