Dollar is getting stronger, as stocks are dumping, but GOLD is remaining strong, going sideways and I think we might be in the final wave of the triangle as a 4th wave in uptrend cycle. I think, that dollar finished his first uptrend cycle today, so we should see some bigger recovery on USD pairs, stocks, crypto, so gold should also be bullish next week.
We have nice bullish divergence on RSI, the only thing that I don´t like about that setup is 21 daily MA, because we are below it. So I will wait for breakout, with target at 2180. If this is indeed a triangle, then this will be the last move to the upside for gold, before big correction to the downside ( triangles are always last but one wave in cycles, based on eliott wave theory).
We have nice bullish divergence on RSI, the only thing that I don´t like about that setup is 21 daily MA, because we are below it. So I will wait for breakout, with target at 2180. If this is indeed a triangle, then this will be the last move to the upside for gold, before big correction to the downside ( triangles are always last but one wave in cycles, based on eliott wave theory).