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i just want to say: "Let's make gold great again!"
DXY is at an important level.
we have the 23.6 fib combined with the 9 march low and a some big trendlines.
weekly pivot + tl cross
Gold closing and being bought above and on critical levels.
Important to keep eye on dollar, where my bias is still bearish even after the latest rallly.
no close under 1940.
Dollar remains weak.
More room to upside
Gold is recovering from the latest slippage and i will keep longing it. Also note that the dollar remains performing poorly
As the followup on my previous idea we now see that after the break we are now retesting the trendline in order to proceed climbing!
I think we have seen the bottom on DXY for a while here. There is a nice double bottom and if the blue trendline breaks there will be some more upside to come