Last idea i was bullish on gold, but if you think about it, IF everything gets down also Gold will go down, only DXY will go up.
Last idea it went perfectly on the support line around 1830 and went up to around 1860 but in the end, it broke that support line.
I think eventually will go till 1880 (fib 61.8°,50 + 100 EMA, red trendline and good resistance line(black line)) after it will go down.
Also can see a hidden bearish divergence (black arrows)
If gold is crossing the thick blue support line, probably much more downside will come
Last idea it went perfectly on the support line around 1830 and went up to around 1860 but in the end, it broke that support line.
I think eventually will go till 1880 (fib 61.8°,50 + 100 EMA, red trendline and good resistance line(black line)) after it will go down.
Also can see a hidden bearish divergence (black arrows)
If gold is crossing the thick blue support line, probably much more downside will come