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$XAU/USD (XAUUSD.CFD)$ 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 .
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101653225 : Boss, will it still fall now?
Timtan85 : How to see a price rejection?
King Crab OP 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 .
King Crab OP 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 .