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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