I have another chart for DXY but want to also watch gold's higher TFs, as I trade lower TFs.
If the dollar is starting an ABC correction, gold should see a bull so I want to watch these fib areas.
If the dollar is not done, I'll trade accordingly. I currently have a 4hour harmonic short (see below) but we'll have to see how traders/market wish to start the year (China is a different story and one I know little of so being careful in US after hours.
I also show fibs if gold turns bear and passes it's 1122 low to 1.618 (and the something strange 1.732)
I'll expand the lower TF areas below. Again, not a trade, just areas I'm watching.
If the dollar is starting an ABC correction, gold should see a bull so I want to watch these fib areas.
If the dollar is not done, I'll trade accordingly. I currently have a 4hour harmonic short (see below) but we'll have to see how traders/market wish to start the year (China is a different story and one I know little of so being careful in US after hours.
I also show fibs if gold turns bear and passes it's 1122 low to 1.618 (and the something strange 1.732)
I'll expand the lower TF areas below. Again, not a trade, just areas I'm watching.
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keep going to .618 or is gold happy with 50% retrace to continue more down?
