Here we can see clearly that Gold is dropping down nicely (Bearish) according to my previous analysis please check (xauusd sell soon posts) due to the strength of DXY index as I posted before please check (DXY (W) reversal pattern is showing on RSI), if it does manages to smashes my entry point its a strong Bearish till it touch my TP 1676.55. My price action analysis is working perfectly with both RSI indicator & (MACD indicator on the daily chart the signal line is crossing top of MACD line which is indication of a STRONG bearish movement on the horizon soon). Let's see how it plays out, keep a close eye on gold world's number 1 precious yellow metal. Happy pip hunting traders.
