XAUUSD is rejecting from FIBO 1.414-1.618 of the 1st grand super impulse wave.
There are three lines for its corrective wave to approach.
The worst situation is that gold retrace $70 down to 1350 and rise up again.
DXY is stopping dropping from the bottom blue support zone. But DXY has two red trend line broken , meaning high selling pressure from top.
A possible five-wave trend could happen later.
LESS IS MORE!
There are three lines for its corrective wave to approach.
The worst situation is that gold retrace $70 down to 1350 and rise up again.
DXY is stopping dropping from the bottom blue support zone. But DXY has two red trend line broken , meaning high selling pressure from top.
A possible five-wave trend could happen later.
LESS IS MORE!
