1) Bullish engulfing formed
2) Breaking structure
3) Closing above the 50MA
Early signs of a reversal, trend changing? Gold is notorious for false outs need more bearish sentiment before a sell position.
Longterm swing, Bulls TP: 1880, 2047
Bears TP: 1571, 1500
Entry 1730
DXY bullish since 4/22.
@ key zone now 112, tapping .50 fib.
expecting a healthy pullback or a break of structure.
Anything's possible...Election Day.
Entry: 108
Bulls: TP 118.88
Bears: TP 103, swing to 99.100 if strong bearish sentiment
Closed under range, looking for a retest as bearish continuation confirmation with at least multiple taps validating strong resistance to avoid a fake out.
TP: 1571