Possible upswing ahead of Chair Powell

Jun 21, 2022

Gold is going triangular trend pattern on multiple timeframe. Here is my view. If gold reject firmly at the blue zone that might trigger a triple tap reaction ahead of Chair Powell speech. For the time being the purple zone look like the limit for the bull. Generally Dollar still have upper hand. As you can see less hurdle at the downside for the bear break below the blue zone will be a smooth trip.