jangseohee

An eye for an eye

COMEX:GC1!   Gold Futures
132 2 3
Gold futures             ( candlestick chart) vs DXY             (USD dollar index             )
When gold             price had a big red candle on last friday, USD was having euphoria
Yesterday, when USD had a big sell off down to uptrend line support, gold             was massively scoop up by the bulls.
While dollar shown a Dark Cloud ( Candlestick chart needed), Gold             shown a Piercing pattern.

If USD broke the trendline , i anticipate gold             price to go up into the no-man-land area between 8-20EMA, a rejection would mean more short for gold             , a break out of that no-man-land would mean more upside.
thanks for sharning
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jangseohee manijeh.kazemi.33
You are most welcome
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