If the DXY decides to fall, I expect gold to change of trend. Actually the trend has been rising since before the 2000. So it might continue the trend.
Last fall from 1900 has a fib-retracement which might have been completed or will be completd at 1156 area. So call me crazy but I think this is going to be a start of a new bullish season for the XAUUSD pair.
Also there is a bullish divergence in the weekly chart, but let's see what the DXY does and then we will know the true intentions of gold :).
Thumbs up if you like!
Last fall from 1900 has a fib-retracement which might have been completed or will be completd at 1156 area. So call me crazy but I think this is going to be a start of a new bullish season for the XAUUSD pair.
Also there is a bullish divergence in the weekly chart, but let's see what the DXY does and then we will know the true intentions of gold :).
Thumbs up if you like!
