It looks like the immediate down scenario is being challenged and the dollar index may be on the way to retest the last high and may be looking for 100 area. Technically, DXY needs to break 97.82. Question is.... what is this mean to the immediate bullish scenario in precious metals ? Interesting.....
Note
Primary is still going up for one more high but an alternate, a potential wave 2 up is shown. Note
On track...Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.