Yes as we can see Gold able to close huge candle without wicks thanks to DXY going low. 1800 will be our main target if DXY continuing to go down we will see 1900. But remember we are in bear market. There are 2 patterns telling me to go down even more.
1. Bullflag ( Bold black lines )
2. Double top at 2070, neck at 1690. ( Bold red lines )
So going up to 1900 will be just retest and consolidation of this bear trend. In the end we will see around 1400.
I posted this about before, if you want to look check related ideas section please. Thank you.
1. Bullflag ( Bold black lines )
2. Double top at 2070, neck at 1690. ( Bold red lines )
So going up to 1900 will be just retest and consolidation of this bear trend. In the end we will see around 1400.
I posted this about before, if you want to look check related ideas section please. Thank you.
