Breaking the 23.6 Fibo level TP just before the 38.2 Fibo level SL failed to break the 23.6 level
the price action is expected to continue the downside trend to read the lower level of the channel at 1.1775.
the price action suggests continuing to favour the Gold prices vs USD. Trading above 1800.00 indicates the price will advance towards 1850.00 Only a closing below 1780.00 will delay this movement. please keep your risk under control.
Following the trend with a short position with tight stop
Price action expected to continue to move with the downside channel, only a confirmed breaking above the downside channel will close the order.
Trading long that the price will continue following the bullish trend , stop if the prices break the trend.
Short at market target 0.9665 then 0.9550 stop loss daily close above 0.9870
US dollar index in the move to challenge a new highs. resistance lvl: 95.15 a daily close above this level might open the way to 95.50 and 96.50 support lvls: 94.20 , 93.25, 92.50