Gold (XAUUSD) Analysis
1. Gold is forming a bullish harmonic pattern but for that it must fall down to 1902 or so level
2. 1900 is psychological levels so it can retest that again and bounce up
3. DXY has been going up from the weekly demand zone (see USDJPY)
4. we have RbR demand zone at 78.6 fib level
1. Gold is forming a bullish harmonic pattern but for that it must fall down to 1902 or so level
2. 1900 is psychological levels so it can retest that again and bounce up
3. DXY has been going up from the weekly demand zone (see USDJPY)
4. we have RbR demand zone at 78.6 fib level