Gold is approaching the resistance at zone (1216.36 - 1217.48) but could break through this - there are no major divergences that would indicate a reversal and RSI is just a bit above 50, so far away from being oversold.
On the other hand, there are a lot of divergences on DXY that would indicate a reversal - this could affect gold, but gold and DXY could start to decouple.
If Gold goes above 1217.48 I will go long for a few pips.
On the other hand, there are a lot of divergences on DXY that would indicate a reversal - this could affect gold, but gold and DXY could start to decouple.
If Gold goes above 1217.48 I will go long for a few pips.
Comment:
Not shure why the strategy report appears below this, it is completly unrelated and show absolute weird numbers. Please ignore.
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