Futures OroLong
GOLD making Cup Handle; (Head & Should in 4Hr chart)
Gold bearish in the short term only & may retrace to 1833 if you measure the Head & Shoulder move, which incidentally is also 50% of the height of cup.
This may happen at the same time dollar (DXY/UUP) index is going higher.
Longterm is still bullish & may rally up to 2300, then 2500.
For your guide only
This may happen at the same time dollar (DXY/UUP) index is going higher.
Longterm is still bullish & may rally up to 2300, then 2500.
For your guide only
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