Just an idea.
Buy gold. Price hit 50 SMA.
Expecting movement up, up to 112.50. Price reached 200 SMA.
I will be looking for a buy opportunity, if the 200 SMA will hold the price.
This level correspond to 50 SMA in daily chart.
SL above 18.500
Long and short opportunity inside the descending channel.
Possible short positions from 112.00 - 112.50 area
Estimated 3.5% correction.
DXY Monthly View.
Possible correction within an ascending channel.
Possible long opportunity.
Possible small correction before downtrend continuation.
Continuation of the previous idea for this week.