GOLD: XAUUSD Gold is double topping as DXY double bottoms at 96.8. Gold should fall away from 1260-1264 resistance range to 1248 at least. Only consider going long of gold again if DXY falls below 96.75. The entire rally is based on weakening dollar, so once that prop is removed....
Komentar:
Hope you get to see update here without having to upload a new chart...approaching target at 1248 as DXY touches resistance, the first upside target at 97.43 so gold should bounce if that level holds on DXY - suggest taking profits and getting ready to re-enter on short side if DXY breaks above 97.45 and holds there...