Further sell on GoldThe XAUUSD is going through some psychological pressure base on the advance of DXY, a much more sell off can be anticipated for.
After a flag pattern that precedes the NFP heavy dump on XAUUSD, i will be selling Gold pretty hard and targeting the previous demand area 5th of Jan and 23rd of Dec.
You might want to keep a close eyes on XAUUSD for now.
Xay
I am still Bear on GoldI am still bear on Gold unless we break the 1830 level..
Price once again rejected that level and now is sitting on daily support..
That may mean a drop will take a while but looking at the weekly and seeing the 233 sma (red) so far below, its likely.
The arrows are pointing to the fibs i believe can get hit
the stochastic oscillator are is showing convergence to downside.
Happy Trading