Looking to continue the gold rally after Powell's speech yesterday afternoon. If gold does begin to short, we can find support around 1280, where the 50 EMA lies. We can hope to see a rise to 1300 psychological level where gold should begin to struggle.
USD Index has been following a weekly Elliot wave quite smoothly, it should face some upper resistance where the 31 and 50 EMA's are but we can expect it to drop down to around 96.00