$XAU/USD (XAUUSD.CFD)$ Looks like the US Dollar is losing st...
Looks like the US Dollar is losing steam , which could push gold a bit lower , Im thinking it might dip to 2351.00 or even 2343.00 before bouncing back up to 2382.00-2389.00 .
If you're looking to buy in that dip zone , wait for a confirmation signal like a price rejection before hitting that buy button .
![$XAU/USD (XAUUSD.CFD)$ Looks like the US Dollar is losing steam , which could push gold a bit lower , Im thinking it might dip to 2351.00 or even 2343.00 before...](https://sgsnsimg.moomoo.com/sns_client_feed/104973485/20240523/65baa534ecc3ffdeb055ba018319cc2f.jpg/big?area=104&is_public=true)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
101653225 : Boss, will it still fall now?
Timtan85 : How to see a price rejection?
King CrabOP 101653225: There no clear confirmation of a rejection either way . My feeling is that it might reject around that area , but It could reject now or maybe tomorrow . Just gotta watch how it plays out .![raised_hands 🙌](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f64c-1f3fb.png)
King CrabOP Timtan85: Explaining reversal patterns can get a bit technical. you can learn here about rejection or reversal pattern How to Identify Reversals in Forex . It might help you understand why I mentioned waiting for a confirmation signal before buying gold .