Move Back Near Previous High
Gold may move back up, not quite to its previous high as it may form either an inverted HS or a double-bottom reversal on the 4 hour chart.
Confirmation above the upper neckline.
Failure below the lower neckline.
Long-term be wary of DXY causing it to drop hard from its highs:
The above may occur should DXY continue up after losing steam on lower timeframes:
Longer term outlook on DXY here:
Confirmation above the upper neckline.
Failure below the lower neckline.
Long-term be wary of DXY causing it to drop hard from its highs:
The above may occur should DXY continue up after losing steam on lower timeframes:
Longer term outlook on DXY here:
