🔥 GOLD + DXY UPDATE | LONDON OPEN 🇬🇧
🥇 XAUUSD (4H): $4,116.73 | −0.25%
💵 DXY (Daily): 101.40 | −0.09%
Gold has bounced sharply from around $3,880 to $4,117 and is approaching the $4,125 pivot. The 4H chart still shows lower highs from the $4,190 peak, so this is a strong recovery attempt, but a trend reversal is not confirmed yet.
DXY is trading below 101.50, around 101.20–101.47. A softer dollar has helped gold recover. If DXY stays below 101.50, gold may have room to test $4,125. A move...