Gold Analysis
Plan A (If turns Bullish)
Buy stop at 1941 level and TP will be 1960.
Dow's Theory in place
It will break its 4h and Fib 1 major resistance.
Will disregard rising wedge
DXY is bearish and formed a LH, so it will definitely pump Gold
Plan B (if turns Bearish)
Sell stop 1912 level and Tp1 will 1894 and Tp2 will be 1880.
Will break trendline and Fib support
Rising wedge reversal pattern
Buy stop at 1941 level and TP will be 1960.
Dow's Theory in place
It will break its 4h and Fib 1 major resistance.
Will disregard rising wedge
DXY is bearish and formed a LH, so it will definitely pump Gold
Plan B (if turns Bearish)
Sell stop 1912 level and Tp1 will 1894 and Tp2 will be 1880.
Will break trendline and Fib support
Rising wedge reversal pattern
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