As you can see in chart DXY has retested its broken Structure of Head and Shoulder.
Which is also called a Conflict area of Key level and 100EMA in Monthly Time Frame.
Moreover, 20EMA and 50EMA crossover at Right Shoulder.
All Clues indicates me Some Bearish bias in Future.
Confirmation of Price action:
if Current Monthly candle (March) Rejects from Conflict area and create
Hanging man shape or Pin bar (Inverted hammer).
Impact on Gold: (Physical traders and Holders)
The Gold Trader Knows very well that gold always place its Low in these
two months (March,April). Thats what i am going to tell them,
Lets wait for the End of March, Any weakness in Dollar (DXY)
can give him a favorable Profit at the year End.
Which is also called a Conflict area of Key level and 100EMA in Monthly Time Frame.
Moreover, 20EMA and 50EMA crossover at Right Shoulder.
All Clues indicates me Some Bearish bias in Future.
Confirmation of Price action:
if Current Monthly candle (March) Rejects from Conflict area and create
Hanging man shape or Pin bar (Inverted hammer).
Impact on Gold: (Physical traders and Holders)
The Gold Trader Knows very well that gold always place its Low in these
two months (March,April). Thats what i am going to tell them,
Lets wait for the End of March, Any weakness in Dollar (DXY)
can give him a favorable Profit at the year End.