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Buy gold here right on the major trend line. 4 hr 200 period moving average green line is very bullish still.
We can expect a re test of the high of 2060 at some point of this trend line remains intact
Here dxy is showing another big divergence on the hourly charts.
It’s actually currently slightly above the weekly low set around March. So here would see some shorts taking profits and bargain hunters stepping in.
Falling wedge as well. We can expect a move up to either of the red resistance lines for day trade profits.
Interesting that bitcoin has pumped just as DXY (dollar basket) goes and makes a deathcross
Could btc become a safe haven if the dollar falls heavily?
One thing to note is that weekly moving averages are very bullish on DXY,...