- Price has respected the trendline for the third time, validating the trendline is in play with price action
- My bias overall for Gold is bullish although there is an opportunity to profit off this current corrective wave
- DXY Dollar Index is gaining strength, indicating Gold's weakness for this week
- 2 different Scenarios of how price may trade within the descending triangle
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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.