4hr Trendline pullback + monthly trendline pullback 1460 area multi year tops
DXY retest from 97.50 support area + 4hr trendline
RSI approaching oversold area
4hr Inverse heads and shoulders pattern
Elliot wave point D
However 2nd scenario
- if price breaks the structure and the 1460 level we could see gold going long
DXY retest from 97.50 support area + 4hr trendline
RSI approaching oversold area
4hr Inverse heads and shoulders pattern
Elliot wave point D
However 2nd scenario
- if price breaks the structure and the 1460 level we could see gold going long
Comment:
Target broke 160 as said in the 2nd scenario in which gold reach peak 1450
Order cancelled