On the left is GOLD and the right is the spread of GOLD vs DXY. I am watching these levels for completion of bullish structures. I highlighted the areas of the first impulse and copied it to estimate the resistance areas from the breakouts. Would like to see confluence between the level of the GOLD/DXY spread and some level of GOLD.
Trade closed: target reached
Note
Its making a triple top rising structure now. Risky. Note
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Disclaimer
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.