I am seeing a H&S formation within the descending wedge. Looking at 1220 then we work our way up to 1349. I welcome your comments and ideas.
This pair has hit a new high since Jan at 1.13944. It passed through strong resistance at 1.10913. This level could be retested. The news in the coming week will guide us on the trajectory. Possible short from the ascending wedge before going long again. I have given several options and I welcome your input.
DXY is expected to retest the 93.05 region before going long. Will go long on gold when DXY retraces TP 1: 1270.13 TP 2: 1282.05
I see a short opportunity once there is a breakout of the falling wedge. The DXY continues to show weakness. The news at 14:30 today should give us a clearer picture as well. Short: 110.957 SL: 111.344 TP: 109.500