Gold vs US dollar index

Telah dikemas kini
Gold recovered sharply and jumped more than $30 on dollar weakness. US dollar index pared some of its gains made this week on profit booking.

RSI in Monthly chart-

US dollar index- 81.49 (Overbought)

Bearish divergence in the monthly chart (CCI- 50) (positive for gold).

It is good to buy on dips around $1640-41 With SL around $1620 for TP of $1720
Nota
Gold flying on weak US dollar. A jump to $1680 is possible.
Chart PatternsTechnical Indicators

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