Gold started a recent descending channel from 1947.555 since the FOMC press conference on 20th September 2023.
Price could be expected to retest the Daily EMA 200 and 4hr EMA-20 before possibly swinging down to challenge the low since 21st August at 1885.
The DXY could also further grow to 109 and ultimately to 113 as i mentioned in my last DXY idea publication. This can potentially bring a negative fundamental to GOLD and so watch out.
Price could be expected to retest the Daily EMA 200 and 4hr EMA-20 before possibly swinging down to challenge the low since 21st August at 1885.
The DXY could also further grow to 109 and ultimately to 113 as i mentioned in my last DXY idea publication. This can potentially bring a negative fundamental to GOLD and so watch out.
Commentaire:
The short to the 1885 zone was fulfilled perfectly
