Gold is approaching the resistance at zone (1216.36 - 1217.48) but could break through this - there are no major divergences that would indicate a reversal and RSI is just a bit above 50, so far away from being oversold.
On the other hand, there are a lot of divergences on DXY that would indicate a reversal - this could affect gold, but gold and DXY could start to decouple.
If Gold goes above 1217.48 I will go long for a few pips.
On the other hand, there are a lot of divergences on DXY that would indicate a reversal - this could affect gold, but gold and DXY could start to decouple.
If Gold goes above 1217.48 I will go long for a few pips.
Note
Not shure why the strategy report appears below this, it is completly unrelated and show absolute weird numbers. Please ignore.
⚡ ProDivergence buy.stripe.com/3cs14e15h6FiaBy6oo
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
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⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
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⚡ ProDivergence buy.stripe.com/3cs14e15h6FiaBy6oo
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
Related publications
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.