Dxy is on my buy lish based on monthly chart.
The expectation that Fed will stop cutting rate could push Dxy rise up again from the bottom blue zone and make a strong daily refection point .
So we expect Dxy will retest 98 again. And the red arrow is possible if price can break through the red R/S zone.
So it looks like GOLD is going to make a new low following with such expectation .
Good luck!!
LESS IS MORE!
The expectation that Fed will stop cutting rate could push Dxy rise up again from the bottom blue zone and make a strong daily refection point .
So we expect Dxy will retest 98 again. And the red arrow is possible if price can break through the red R/S zone.
So it looks like GOLD is going to make a new low following with such expectation .
Good luck!!
LESS IS MORE!
코멘트:
targeting 96.50.
专注黄金和原油
直接扫码入群：
www.red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
直接扫码入群：
www.red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
Now it is following the red channel