samehelshafey

samehelshafey

Technically the pair is oversold and moving inside this triangle. touching the lower line will initiate the reversal , on the other hand DXY is over bought and as we know we buy the rumor and sell the news the Rumor is rate cut on June, so i think the coming week will be the selling of DXY and buying the other pairs against USD

samehelshafey

Gold is keeping surprising us with new highs every day, despite that I don't understand the fundamental reason for such over valuated price, but technically the chart is telling us where gold is headed to. Two patterns are clear now; Bullish triangle on Monthly TM and the target in this case is set to 2700 and inverted H&S and the target is set to 2500