DXYis overbought and this is the possible scenario that I believe it is possible.
Another view from another angel, projects the same idea of possible scenarios.
The possible next scenario, Good luck everyone.
A higher low is about to be formed
Next resistance zone is expected to be tested, as there is a gab needs to be filled from last November 2016.
The next strong resistance zone is expected to be tested for the 3rd time this year in two months.
The next strong resistance zone is expected to be tested for the 3rd time this year in two months.
The next strong resistance zone is expected to be tested for the 3rd time this year in two months.
For me it is a clear uptrend I am just looking for conformation or a breakout. I'll keep updating once anything new or changes happens. Good luck to you all.
Expecting the trend to continue from here.
XAUUSD is overbought on 4H, and I believe that we will be re testing 1250 as it failed to break the 1260 for the third time an a double top is almost formed. Unless we see a breakout above 1260 so my Stop loss would be at 1261, and my first take profit target would be 1250.
Gold is overbought on 4H, and I believe that we will be re testing 1250 as it failed to break the 1260 for the third time an a double top is almost formed.