DXY Dollar Index Bearish
Earlier this week the DXY has tested the support line and jumped off it.
It has now retraced 50% of that move.
If we test the yellow support line again, we have a right shoulder of the bigger pattern, and a completed head for a smaller head & shoulders (as part of the right shoulder of bigger pattern).
This is bearis for the dollar...great for gold.
It has now retraced 50% of that move.
If we test the yellow support line again, we have a right shoulder of the bigger pattern, and a completed head for a smaller head & shoulders (as part of the right shoulder of bigger pattern).
This is bearis for the dollar...great for gold.
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