Following the recovery of the Dollar index ( DXY ), XAUUSD has been following the inverse trend and dropping. It has made its first impulse move downside, currently in wave 2 which is the correction phase and now it is bouncing from the resistance zone indicating the corrections done and wave 3 to the downside is now about to begin.
DXY is also creating an inverse Head & Shoulders pattern indicating another upwards move towards the $94 resistance. I will be cashing into this move alongside my Account Management investors.
DXY is also creating an inverse Head & Shoulders pattern indicating another upwards move towards the $94 resistance. I will be cashing into this move alongside my Account Management investors.