Gold following a parallel channel After making ATH profit booking done and we saw a deep retracement
If we see DXY breaking out red channel the DXY will give another bullish impulse leg
Price has broken parallel channel and retested it Also its making IH&S Good long opportunity on retracement
In a downtrend 4h timeframe clearly shows that price has liquidity void Its breaking structure downside
XAU GOLD Still looks bearish for short term as no buyers interest seen Possibility for upside is less as of now Only after taking support on weekly trendline it seems that gold may show some strength
SHORT WHEN THE TRENDLINE BREAKS GO LONG IF ASCENDING TRIANGLE BREAKS UPWARD