Greetings, I believe that gold has a bit more stream in the engine to go higher this week for the following reasons:
-On a clear bullish trend and broke out of a short term bearish trend indicated by lower highs
-Price is currently sitting in an ascending wedge with a FVG positioned right below it.
-DXY index is trending strongly to the downside which gives further strength to the upward movement
-The overall geopolitical affairs shifting sentiment of dollar lower thereby increasing gold's price
DXY
-On a clear bullish trend and broke out of a short term bearish trend indicated by lower highs
-Price is currently sitting in an ascending wedge with a FVG positioned right below it.
-DXY index is trending strongly to the downside which gives further strength to the upward movement
-The overall geopolitical affairs shifting sentiment of dollar lower thereby increasing gold's price
DXY
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。