The technical analysis suggests a bearish trend with $2026 - $2030 yet shows as a strong Resistance .However ,the current price action continuously trying to shatter the $2017.72
2020.16 pivots points for completion of first bearish cycle moreover,$2025.21
-$2027.82 are the R1 &rR2 points which are meant to be tested if gold makes a reverse tail to shows some fake trend changing candles. Furthermore, the $2005-$2008 are expected to achieved with in the next session. Consequently DX shows some other moves as the recent NFP pullback was unexpected but i was an instant reverse for refiling Non commercials .
This outlook is contingent on the U.S. Dollar (DX) experiencing a relief rally.(Commentary)
2020.16 pivots points for completion of first bearish cycle moreover,$2025.21
-$2027.82 are the R1 &rR2 points which are meant to be tested if gold makes a reverse tail to shows some fake trend changing candles. Furthermore, the $2005-$2008 are expected to achieved with in the next session. Consequently DX shows some other moves as the recent NFP pullback was unexpected but i was an instant reverse for refiling Non commercials .
This outlook is contingent on the U.S. Dollar (DX) experiencing a relief rally.(Commentary)
