Failing Wedge Pattern Strong Support Area Waiting for Long Position
Gold is forming a correct Bullish Falling Wedge. Waiting for LONG entry near Support area at 1700-1769 RSI is currently in oversold which will support Gold bounce back
GU had a big drop when DXY rose strongly Opportunity to buy low in long uptrend Dont try to SHORT with big lot size
Waiting for SHORT opportunity with AUDNZD RSI at Daily timeframe is bounce back from overbought zone
Bearish price movement is forming HEAD and SHOULDER pattern Downtrend is for short-term , set TP carefully and wait for LONG opportunity
Price is forming Bearish Pennant Pattern Bullish DXY will support for GOLD to drop GOLD supposed to go up last night but it didnt so it wait for strong fall
Very strong support
GU may rise to Resistance and FALL or FALL now Target at Support
Wating for good position in range of 89-95 Target at nearest support around 1872-1865
Target at the next resistance The current situation will push the Dollar down for long term. Be careful and find the safe entry
dxy D1 touch the resistance. Will it bounce back or continue to fall ?
RSI is at overbought Price is suffering at Resistance