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GOLD could drop very hard after tomorrow's US news.
Tomorrow's USD news (Interest rate & monetary policy) will be decisive for the GOLD range up.
If the news & interests are positive for USD currency this means that it had stopped to send help to the US stocks etc... & this will affect GOLD negatively.
DXY on a very decisive area: Drop is expected (for 97%)
After the Chicago's activity index news today, USD index has rised up to reach the uprange again.
Time for bear after hitting the weekly uprange & continue the fall down.
GOLD Triangle pattern: Other opportunity after breakout
- Always wait for confirmation ( bearish or bullish Candles, reversal signals etc...) after going in any trade.
- Two clear candles in same direction in 15M timeframe.