H4 Shows bearish triangle. Possible short long term trade.
Gold is consolidation, waiting for some big data from US. In mid term I will LONG to the level of 1290.00 and wait for price action. Check my previous chart. 900+Pips.
Dollar Index falling down, last FED decision pushing it the same way. USA need money, Dollar became weaker, this will support Export in long term and bring more money to US economy. Dollar index make corrections moves around 2,5%-3,5%. And long trends around 4,5% - 5,5%. I expecting to go down 4,5% or even maybe to next support level around 96.72
GOLD folloing simple up and down chanels, most of the time on the same angle. after brekout from channel change 12345 formation to down or flat trend