Gold Spot / U.S. Dollar
Short

first 1834 then 1778

136
gold now is in a descending channel and is going toward its first target of wolfe wave in 1778 but there is a upward move toward 1834 to retest a trendline which is aligned with its ichimikou signs
when gold reach to 1778 then it will decide to go further down or not
we are watching also DXY for its movement which is key factor in determining of starting gold rally .we believe that DXY will be bearish before its reaching to its final target @120
103.5 is crucial

any comments please share
tnx

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.