XAUUSD LONG as DXY weakens
Good morning all.
XAUUSD floating above the .50 FIB on weekly frame.
Weak DXY will be the flame behind this move upwards.
Double Top bottom formation on the 1217.50 area - multiple taps in this area show the respect.
Banks and Market Makers have been loading up on their LONG positions for the last few days as price is forming a triangle.
Inverted head and shoulder pattern as well. All signs lead to northbound.
This is my personal opinion, and not to be used for trading advice or professional advice. Please let me know your opinions. Good Luck.
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