Gold Technical Analysis - Tuesday, August 3

(Video length 00:24:53)

  • Technical Analysis Elliott Wave Forecast Gold XAU/USD GDX Silver XAG/USD ETF GDX US Dollar Index DXY and US Gov Bonds 10 YR Yield
  • US Dollar Index DXY: Wave 4 top is completed and the DXY is steadily edging lower Into Wave 1. We can expect the dollar to continue lower in the months and weeks ahead.
  • US Gov Bonds 10 YR Yield: will move down to 1.00
  • Gold Technical Analysis: Small Elliott Wave triangle pattern in the 1830 - 1790 range that is uncompleted as Wave B.
  • Elliott Wave Gold: Tracking two counts, the Impulse wave and Elliott Wave Triangle
  • Gold Trading Strategy: Neutral
  • TradingLevels: Market support Sub-group 2 1765|17772|1780

 

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