After continually keeping an eye on
DXY
and its continual bearish nature, and the current post election uncertainty, I am still going to continue to look bullish on gold. After the double bottom hitting confirmation line and playing out perfectly, I'm looking for the 2000 mark to be hit again with next few weeks, until that point, we play for the dips and the breakouts. Little retracement just to show where the support was. Will wait for a bit of bearish movement on 4h before taking a long position.
DXY
and its continual bearish nature, and the current post election uncertainty, I am still going to continue to look bullish on gold. After the double bottom hitting confirmation line and playing out perfectly, I'm looking for the 2000 mark to be hit again with next few weeks, until that point, we play for the dips and the breakouts. Little retracement just to show where the support was. Will wait for a bit of bearish movement on 4h before taking a long position.