So far, Dollar Index DXY was rejected from 109.20.
REASONS TO REJECT BULLS:
1. LONG UPPER SHADOW CANDLE
2. TRIPLE TOP
3. FIBONACCI EXT. 61.8%
While Below 109.20, then Potential To Retest 108.26, 107.37, 106.17.
But,
Break & Hold Above 109.20, then Bullish Continue, Potential To Target 110.53 & 112.23.
XAUUSD formed candlestick pattern: Long Upper Shadow, Bearish Signal.
Break & Hold Below 1877, Cancel Bullish Medium Term Outlook. Turned to Neutral. Potentially Testing 1835 (MA 50 & 100 W) & 1785.
As a reference, You can also see my XAUUSD H1 bearish outlook www.tradingview.com
ABOVE 1660, BUY ON WEAKNESS.
Break & Hold Above 1998, Bullish Medium Term Outlook...
