On a larger scale we can see a huge CUP & HANDLE setup.
Closer to price action we can see a double top setup and price has tested previous demand three times.
taking into account the fundamentals in the next few months expecting price to break demand level and conduct a minor retest before continue to down side and if applying double top targets based on 1))% value it aligned with a strong demand level.
Have to wait to see what the market does and the macro fundamental news that is driving it
All eyes on the DXY and how effects the pairs traded against it
Usually gold is a safe haven but with a strong DXY not the case YET
Closer to price action we can see a double top setup and price has tested previous demand three times.
taking into account the fundamentals in the next few months expecting price to break demand level and conduct a minor retest before continue to down side and if applying double top targets based on 1))% value it aligned with a strong demand level.
Have to wait to see what the market does and the macro fundamental news that is driving it
All eyes on the DXY and how effects the pairs traded against it
Usually gold is a safe haven but with a strong DXY not the case YET