The bullish movement / Impulse leg that started in Dec 2017 has been painted and we have officially painted a last kiss reversal pattern off the 78.6 Fib retracement level. Along with the DXY seeing a solid price action reject off a solid Daily resistance level along with a TL that lines up perfectly with it @ 95.65 region. This lines up perfectly so with the expected weakness of the dollar we should see gold bo bullish until the next resistance zone @ 1244.75 over the next few days.
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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.