DXY is the key parameters in Dollar strength, after 2 weeks, it is under two sides! fall or return? market is awating to fundamental news.
But if it falling to under support zone, gold increase very high!
DXY has shown a powerfull support zone at 96. The regular diversion in RSI behavior in 4h XAUUSD can be seen. It say to us, changing in trend direction in 4H time frame is closed! there is not the important senko-span support zone to 1300.
As we can seen in graph which calculated based on Elliott wave and Fibonacci levels, it is obvious, this phenomenon can give 100000 to 120000 $ in next two or three years. Analysis is performed on monthly chart. thank you
According to this analysis, as we expected, NDX index has fallen into main pitchfork which is 0.38 to 0.5 fibo. according to PA and Elliot wave, it can impulse into 5 wave ultimate to upper pitchfork. SL=5% below of rectangle zone.