First scenario - gold could dip to 1500 level, if trend line is intact and is not broken, if DXY drops 98.00 level
Secound scenario - if gold breaks the trendline structure there could be a possible pullback and then we can go long, GOLD has also been oversold on the RSI area
Secound scenario - if gold breaks the trendline structure there could be a possible pullback and then we can go long, GOLD has also been oversold on the RSI area
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.