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bhowe
Feb 9, 2018 1:10 PM

GOLD Long Long

Gold/U.S. DollarFXCM

Description

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.

Comment

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
Comments
fhsk2001
DXY is at the moment the main driver of gold. Could you please analyze it.
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