Just making an observation that DXY has come back to its bottom of around 94.6.. At this point we can expect a bounce, which would indicate the USD is about to get stronger and people are going to be more in Cash (so pulling out of investments).. Can be an indication of a Sell coming in the Gold.. RSI is already in under bought zone so this gives me more confidence in the upside.. If not, I would expect it to continue it's run down to it's next bottom of around 88.5 and see if will bounce from there..
Note
DXY has now hit the previous low of around 94.6
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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.