Short-Term Rebound for DXY means Good Moment to BUY Gold!
Last night, dollar get underpressure along with another pressure on bond yield. The technical moves as what I share last night.
So, we update the condition.
Dollar and Bond Yield have to retest the resistance before get another pressure. Therefore, Gold will have some correction on short-term. But, the good news is "correction means good momentum" to look forward the "cheaper" price to buy gold.
As long as support trendline at 2070 doesn't break, you still have another chance to buy gold.
Put the Stop Loss below the trendline support or below the historical low 2062. While the target expected at 2093 or 2109.
What do you think ?
So, we update the condition.
Dollar and Bond Yield have to retest the resistance before get another pressure. Therefore, Gold will have some correction on short-term. But, the good news is "correction means good momentum" to look forward the "cheaper" price to buy gold.
As long as support trendline at 2070 doesn't break, you still have another chance to buy gold.
Put the Stop Loss below the trendline support or below the historical low 2062. While the target expected at 2093 or 2109.
What do you think ?