GOLD (XAUUSD): Expecting a strong reaction from here
In my view we're getting to the end of Gold's sell-off, testing the weekly support, testing the daily descending fall line, coming to the end of a falling wedge. We're oversold on the lower timeframes, what's not to like about this buying opportunity!
DXY is hanging on in there, with CPI tomorrow, like the news on Friday, I still don't expect DXY to break the falling resistance line, this should catapult gold.
So, I'm waiting to get in on gold for a big move up!!
DXY is hanging on in there, with CPI tomorrow, like the news on Friday, I still don't expect DXY to break the falling resistance line, this should catapult gold.
So, I'm waiting to get in on gold for a big move up!!
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