DXY Reverse Head and Shoulder Pattern

If you followed my previous post, I mentioned how the DXY (Dollar Index) was in an upward trend. Now that the market has opened again, the bullish trend is more visible, especially with the reverse head and shoulder pattern completed.

If you haven't already done so, it may be a good time to enter the market in Gold and go short (for XAUUSD ONLY). XAUUSD has support at 1797.86, and at the time of writing this, it currently stands at 1803.66.