Gold looks to be breaking right now but it's in the middle of nowhere at the moment. If we want to go for a high probability area, it would be the 1850-1860 region where we have the descending trendline swell as the 61.8 fibonacci.
DXY and Gold are inversely correlated and DXY looks as if it has one more move down before moving up. See chart below.
Goodluck and trade safe!
DXY and Gold are inversely correlated and DXY looks as if it has one more move down before moving up. See chart below.
Goodluck and trade safe!
Commento:
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