Huge Recent imbalances in the gold futures market led many to predict that speculators (usually wrong at big turning points) would be forced to out their historically extreme short bets. this has led to a correction since we had reached a monthly time frame demand zone. Will be looking closely to add on short contracts.
The DXY has broken 92.59 support level and retested it. The trend line has resisted the price from moving further up after US was released today. Are we looking for new Lower Lows?
Using the 50% breach rule. The 50% fib level was breached and tested. bearing continuation is expected