Hi everyone! In the last idea I designated two options of succession of events. And as, resistance at the level of 1805 is overcome up, the price should reach the following strong resistance at the level of about 1825 (it is designated on the chart). Then I expect price movement with establishment of new minima down. My old purpose 1640 remains in force. Now on four the hour schedule it is visible that the price is in the extending triangle. It means that bulls and bears are in a condition of uncertainty.
Information provided is only educational and should not be used to take action in the market.
Thanks, IMO DXY and 10 yr yields will tell the next story of goldy. Also reduction in Fed money printing machine. also Maybe China will take dollars out of circulation via increased reserve ratios. Longs be careful!!