XAUUSD: In case yellen goes crazy and the brexit

FX:XAUUSD   Gold Spot / U.S. Dollar
Cup and handle on Daily
Neckline is around 53ish.
I see handle formation towards 1225 (expected consolidation after crazy bull run) and then bounce or break

Bounce (Bull Madness)
TG1 :1192
TG2: 1333
TG3: Extension 1353

Drop (Bear Madness)
TG1: 1199
TG2 : 1175
TG3: 1100-1050 extended

I see DXY             testing 92.5 bottom of channel as I said in my other DXY             chart linked below.

Note: I am holding huge long positions from bottom of channel. Yes, do not listen to me I am crazy trader.
Comment: Towards first target 1292.
Invalidation of HS on 4hr
Comment: Intermediate Target 1270 Achieved Next 1285
Comment: 1276 Breakout. On its way to 1285
Trade closed: target reached: Target 1 1292 reached
closed 95% of position
again .... last try
well.. chart is little hazy up there.. here again
i agree with you
+1 Reply
No you are not crazy, I think you are smart. The DXY will go to the roof in the long run, and Gold will sink to 1050 in the coming months. I think the red arrow on your graph is the most probable one to happen>
+1 Reply
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