Traders:
DXY is about to break the wedge soon.
Could this b a sign that gold and silver to drop deeper.
Less is more!
DXY is about to break the wedge soon.
Could this b a sign that gold and silver to drop deeper.
Less is more!
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DXY IS MOVING UP
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make some adjustment.
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If dxy goes in the channel like the last chart, we would say this is a HS.
In that way, gold get stronger and dollars is going to b weaker.
In that way, gold get stronger and dollars is going to b weaker.
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However, Last chart shows a different way to concern right now.
It clear that the descending channel was broke,
and dxy directly drop down from the left shoulder high no matter how great those economic data recently.
This is called technically retracement.
Now we want to see where will dollars stop dropping.
Perhaps the neckline, perhaps a same low to make a double bottom.
This will make you to see what is possibility and for you to grap pips from this anticipation.
It clear that the descending channel was broke,
and dxy directly drop down from the left shoulder high no matter how great those economic data recently.
This is called technically retracement.
Now we want to see where will dollars stop dropping.
Perhaps the neckline, perhaps a same low to make a double bottom.
This will make you to see what is possibility and for you to grap pips from this anticipation.
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gold is sharing the opposite idea.
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now, we are expecting DXY back to last top in JAN SOON.
