I can see higher highs and higher lows in Gold XAUUSD on the 1 hour chart. Looks like a H&S pattern with a move to $1340 possible. As long as we dont get a big sell off.
Comment:
Silver forming a nice Head and Shoulder. Should continue higher. Good entry in HL and CDE Today.
Comment:
GOLD looking to break out and run higher to 1st target.
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The price of the US Dollar DXY affects the price of gold inversely. It looks to me that the way the US Dollar went up is the same pattern as it goes down.
Comment:
US Dollar DXY target $88.80
