Gold short - Intermediate decline
Gold is testing back it's channel from Dec' 16, at resistance from 2011 ATH trend line, and due for an intermediate decline in it's cycle pattern.
DXY and Silver charts also support this direction as silver turned down on Monday and DXY is at support in its long term channel. Those charts I will post below.
TP 1: $1200
TP 2: $1165
DXY and Silver charts also support this direction as silver turned down on Monday and DXY is at support in its long term channel. Those charts I will post below.
TP 1: $1200
TP 2: $1165
Trade active:
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Above is Silver / Below is DXY:
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Here is the Heiken Ashi chart..It has started!!!
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Now that we know top is in, here is the future outlook and trend channels to watch