Gold has shown sign of rebound and the dollar is still unable to stand above 95.
Nothing has really changed in the major trend where dollar will continue to gain further,
but a major retracement could be very likely, and gold is kind of cheap right now after it has fallen almost 1200 pips.
With all technical analysis in place for a rebound, my take is it's worth a try.
Wait for the price to retrace just a little further, close enough to the neckline of the double bottom,
and go long when a reversal candle appears in the smaller timeframe.
Manage your Risk~Trade responsibly~No 100%
Nothing has really changed in the major trend where dollar will continue to gain further,
but a major retracement could be very likely, and gold is kind of cheap right now after it has fallen almost 1200 pips.
With all technical analysis in place for a rebound, my take is it's worth a try.
Wait for the price to retrace just a little further, close enough to the neckline of the double bottom,
and go long when a reversal candle appears in the smaller timeframe.
Manage your Risk~Trade responsibly~No 100%
