In day chart, Wave 4 is on going, Wait for a bullish butterfly pattern was formed. Still short high.
Just holding long positions,and wait!
To sell@1260-1263, tg: 1160-1150 If cannot reach 1260, sell when break 1215 Between 1226-1240, there're many uncertainties.
DXY is moving in W4, tg locates at fibo 50%, around 89.7, till the end of 2016 see the chart. W5 top is likely to move to 110, but in 2017-2018.
This week is important for XAGUSD, it'd break out 15.73, a bullish trend may start. RSI is above 50, going north!
History happened again! After a bullish butterfly was completed, gold price rebound “abc”. The first resistance point to 1227( fibo 50%,as well as Senkou span B. Next target is more impant. It's near Fibo61.8%, Senkou span A, and the bearish channel. Plan to short till 1234, if break 1234, the trend may reverse.
Try to long @37.75, tg@38.2 &39.5 An up trend line support here
DXY will fall down 94, then a bullish Gartley will take shape.