Feb Gold is creating the last end of a Bearish Cypher. USD is falling off of a H&S. Next upside target R1 at 1295.74, then R2 at 1303.06. Support comes in at 1277.72
הערה:
Gold may be setting up for a turn around. RSI is now extreme overbought. USD might be setting up to go back up. Don't know if it will hit total Cypher 78.6. These things often don''t.
הערה:
Gold turning as USD makes a come back. Downside target 1303.06 at R2
הערה:
Gold Cypher coming due soon unless USD breaks further down. USD now at double bottom.
עסקה סגורה: היעד הושג:
Cypher met, but unless USD makes a move up, Gold isn't going anywhere.
הערה:
Gold fell off of double top. looking for 1320 resistance.