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Gold, Further Short on the card

232
Gold started a recent descending channel from 1947.555 since the FOMC press conference on 20th September 2023.

Price could be expected to retest the Daily EMA 200 and 4hr EMA-20 before possibly swinging down to challenge the low since 21st August at 1885.

The DXY could also further grow to 109 and ultimately to 113 as i mentioned in my last DXY idea publication. This can potentially bring a negative fundamental to GOLD and so watch out.

Nota
The short to the 1885 zone was fulfilled perfectly

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