thefreedommatrix

DXY - Triangle - GOLD

thefreedommatrix Updated   
TVC:DXY   U.S. Dollar Index
high % of this triangle resolving down but wait before selling/buying
Comment:
it resolved down so expect dxy to move down if not very positive economic signals for the dollar arrives this week with tons of geopolitical chaos on the horizon / vix at record lows
Comment:
DXY 200 day moving average is just right above the triangle so there is also this pullback correction to the average to consider & resistance trend line from when price rolled over in the beginning of the year
Comment:
it went down --> watch for gold to rise
if you traded it, make tight trendlines down , watch for stochastic(31) hitting 0 in lower timeframes first, plot moving averages & fibonacci and make a take profit plan based on all the above

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