Gold Spot / U.S. Dollar
Long
Updated

XAUUSD: In case yellen goes crazy and the brexit

Cup and handle on Daily
Neckline is around 53ish.
I see handle formation towards 1225 (expected consolidation after crazy bull run) and then bounce or break

Bounce (Bull Madness)
TG1 :1192
TG2: 1333
TG3: Extension 1353

Drop (Bear Madness)
TG1: 1199
TG2 : 1175
TG3: 1100-1050 extended

I see DXY testing 92.5 bottom of channel as I said in my other DXY chart linked below.

Note: I am holding huge long positions from bottom of channel. Yes, do not listen to me I am crazy trader.
Note
Towards first target 1292.
Invalidation of HS on 4hr
s3.amazonaws.com/tradingview/snapshots/m/My5AucS6.png
Note
Intermediate Target 1270 Achieved Next 1285
snapshot
Note
1276 Breakout. On its way to 1285
snapshot
Trade closed: target reached
Target 1 1292 reached
closed 95% of position

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