I can see higher highs and higher lows in Gold XAUUSD on the 1 hour chart. Looks like a H&S pattern with a move to $1340 possible. As long as we dont get a big sell off.
Note
Silver forming a nice Head and Shoulder. Should continue higher. Good entry in HL and CDE Today.Note
GOLD looking to break out and run higher to 1st target. Note
The price of the US Dollar DXY affects the price of gold inversely. It looks to me that the way the US Dollar went up is the same pattern as it goes down. Note
US Dollar DXY target $88.80
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.
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.