deltafox

Gold - Pick your poison

FX:XAUUSD   Gold Spot / U.S. Dollar
Bullish case
• Recent Impulse move with EW rules still in tact
• Huge rally on Friday 3rd June, right at the 61.8%
CoT recently favorable

Bearish case
• Still in Multi-year down trend
• Divergence w/ Failed breakout, now in favour of primary trend
CoT currently favorable
dxy dead,so gold up.
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