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ChartStrategist
May 7, 2023 8:17 PM

Dow Jones "US Dollar" 4hr TF  Short

Dow Jones FXCM Dollar IndexFXCM

Description

My expectation is that the Dow Jones will break through the rejection point and decline trend line from October 2021. Once it does, there should be some bearish momentum, which will lead to a pullback to the rejection point and decline trend line, resulting in a move lower. At this point, gold should become very attractive, and it will be an opportune time to look for buying opportunities.

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