johnmike

Little analysis from my point of view

INDEX:DXY   U.S. Dollar Index
140 2 2
I want to be berish on gold             (foundamental), but I need to be patient and wait to see a technical confirmation. I think the Lower hight will be stronght than the MACD histogram divergence.

I'm just intermediate trader, you can challenge it and I will appreciate your comment.
This could help:https://www.tradingview.com/e/kVKHWP5u/ Looks pretty bearish. It is clearly in a fourth wave. Expect just a fake breakdown here and a longer ABCDE fourth wave which would better align with todays markets. Look also at monthly chart.
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I expect false breakdowns in risk-on and false break-ups in risk-off, this aligns well with my technical pictures.Some important market correlations seem to be changing and patience will help.
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