I'm waiting to see RSI to get oversold. The chance is high of the test of level 1.2085. Sell when RSI is oversold.
The weekly chart hit the trend line. It's a great short opportunity to sell gold right here with a stop above 1347. Target : 50 MA - 1271.
The US dollar index needs to print one more bounce before it breaks down the megaphone pattern. Target : 93 at the 20 MA
