Welcome
As you can see gold is moving in an ascending channel from 22 nov. the correlation between gold and dxy is back. I expect the price to drop to tp1:1890, tp2:1870 and then around $1800.
There was also a bearish divergence on the h4 interval, we are heavily overbought on the daily, the same situation on the weekly. There was also an ascending wedge pattern with the target of 1890 so I am giving it a shot.
Good luck, trade safe
As you can see gold is moving in an ascending channel from 22 nov. the correlation between gold and dxy is back. I expect the price to drop to tp1:1890, tp2:1870 and then around $1800.
There was also a bearish divergence on the h4 interval, we are heavily overbought on the daily, the same situation on the weekly. There was also an ascending wedge pattern with the target of 1890 so I am giving it a shot.
Good luck, trade safe
ノート
Triggeredノート
Looks like channel did great job.免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
