The movement began last week, is symptomatic of the mood operated, therefore our expectations are for a further weakening of the gold. Our attention levels (target) are clearly posted in the chart above, while the published chart below, highlights a possible pullback up area in 1192/1197, from these levels our expectations are for a further downward leg.
PULLBACK AREA
I'll do appreciate all views be it a like or comment , Thanks!
Well I expect it to go down a bit this week, DXY giving bullish signals.
TheAnonymousBanker
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Great!! :)
ElPatron.Y
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Strange thing that gold couldn't rise while dxy was weak, don't you think? I was on the long side also but reconsidered my analyse.
TheAnonymousBanker
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uPDATE
spek_savar
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Thank you very much, I hope so bearish position will be win in a short time.
IvanLabrie
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Agreed, and same level for retesting and selling again on rejection.
I don't use fibs, by the way, remarkable how we arrived at the same conclusion.
Thanks for sharing.