DXY is bullish and GOLD is bearish. The end...:D
Ok we have an ascending channel with a broken and retested diagonal support. Price is now stuck in a horizontal support structure which when broken, targets will lead firstly as per the red arrow indicates and ultimately to break the daily low.
So if you are not already shorting Gold like I am, - (they don't call me the sniper queen for no reason :p) then I suggest you wait for the support to be broken - just for extra confirmation.
Good luck and risk management is important.
Ok we have an ascending channel with a broken and retested diagonal support. Price is now stuck in a horizontal support structure which when broken, targets will lead firstly as per the red arrow indicates and ultimately to break the daily low.
So if you are not already shorting Gold like I am, - (they don't call me the sniper queen for no reason :p) then I suggest you wait for the support to be broken - just for extra confirmation.
Good luck and risk management is important.