Honestly bullish on both, however one has to drop.
No macro news yet to make a comfortable mid-long term decision, however in the shorter term, if DXY can hold this steep uptrend, Id expect Gold to range a bit longer rather than fall below the June 18th low.
No macro news yet to make a comfortable mid-long term decision, however in the shorter term, if DXY can hold this steep uptrend, Id expect Gold to range a bit longer rather than fall below the June 18th low.
Note
My bias is shorting gold anywhere near the middle of the range and no high volume bullish candles.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.