The inner TL is broken and retested on smaller frames. Expecting price to reach blue horizontal support (or bottom of weekly range).
コメント
⋅
4hr TF. 1231s have strong support. Weekly MA200 at 1236s.
コメント
⋅
Inner TL broken, tested and finally reach target of 1210s/1214s. Added some small longs at this level trying to catch a bounce up to DMA20.
DXY pennant is working as planned so far and it too reached our resistance. Probability of breaking the pennant is high. Risk maintained.
コメント
⋅
So far so good...
コメント
⋅
DXY is breaking out of the rising wedge (possibly due to Turkish Headlines). Weekly close in both DXY and Gold will be important. Gold weekly being holding above 1208/06 support. Longs are possible for next couple of weeks (till closer to September hike date). See Gold Daily and Weekly chart below (updated).
コメント
⋅
コメント
⋅
コメント
⋅
Confirmation for XAU bull? Correlation not very strong these days...however, we cannot ignore UJ - keep an eye..