Gold Spot / U.S. Dollar

Updated

Ascending Wedge On Gold

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Gold looks to be setting up for an extended down-move before attempting to resume the macro uptrend

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- MacD about to cross bearish (with lower highs & lows)
- CCI downtrending (30 & 14 periods)
- Stoch RSI downtrending while RSI now pointing down
- EMA bearish cross (100/200EMA)
*What I'm looking at on current 6hr chart*

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^

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Pretty much the opposite of the above is the case for DXY too

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Possible bearish H&S after an already violent downswing

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Related charts are scattered throughout this idea:

Aggregate Of My Unpublished Charts

Also on:

Related publications

Gold spot 3-month battling major fib before the next move up

by RandomOracle

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.

Also on:

Related publications

Gold spot 3-month battling major fib before the next move up

by RandomOracle

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.