Dollar bears have piled in on the belief it could only go lower, now its upticking we could see the short squeeze that uplifts the dollar to the 50% fib retrace.
As bitcoin flirts with the previous zone in which it broke to an ATH I think we either see an explosive move up or a failed attempt in which a lower higher is made before a quick breakdown to lower lows in the coming days.
Having fulfilled its retracement and tested previous levels Gold needed to then break free from its downward channel to show us the bull run is still on. We have now had that breakout candle. If this hold then I expect a retest of the previous high and a subsequent break of this after which momentum should take Gold up to 2200 region for a 2-3 month...
