DXY will begin to move down. There's a hidden bearish divergence on the DXY chart and XAU/other precious metals have a bullish divergence.
XAU looks like it has broken out of the resistance.
Mid term target is 1488.
Should hit it in the next 2-3 weeks.
Enjoy the profits.
Have longed a 50% portion and will long another 50% once we get a 4 hour close above the downtrend.
XAU looks like it has broken out of the resistance.
Mid term target is 1488.
Should hit it in the next 2-3 weeks.
Enjoy the profits.
Have longed a 50% portion and will long another 50% once we get a 4 hour close above the downtrend.
Trade closed: target reached
Big ooft