Another Target hit. No risks now. Await for break out.

TP = 1,201 and the 1,196.20 extension hit, as the 4H Falling Wedge aggressively broke to the downside (oversold RSI = 20.705, STOCHRSI = 0.000, Williams = -96.604) since DX broke 96.50 and is currently steadily trading near 96.70. A new 1D Channel Down has emerged on Gold (oversold RSI = 24.320, MACD = -11.440, Highs/Lows = -19.1835, B/BP = -32.8780), which can extend as low as 1,175 if USDCNY seeks its own Monthly Resistance at 6.9651. In any case we will now follow a break-out confirmation strategy in order to limit the risk. If 1,175 breaks then we will short (TP = 1,150). If 1,208 breaks then we will long (TP = 1,222). Anything in between is a grey zone (no man's land).