Gold: Dollar still incharge

4 Tem 2022

Dollar broke the 4h and daily symmetrical triangle on Friday but not bodily. The body capped on 4h timeframe which keep bull hopeful of 1850s. A clear break is needed for bears to stay hopeful of 1753. Gold bounced back to 1810 from 1785 driven by oversold silver. And the yellow trendline I told guys about brokeout bodily on 4h but pulled back in 1 candle stick on daily timeframe which still give bulls some sort of hope. At the mean time I think gold upside is likely limited at 1827. Any upswing to 1822-24 I will cautiously resell with my risk management with target to 1790 with possible break of previous low. Any move above 1827 I will stay aside and observe what's the plan. Any downswing to 1770s and below I start looking for dip buying opportunity.
Goodluck and have a great week.
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