Covering Gold & Nasdaq

Before I mention the dollar index, gold has finally reached the bottom of that triangle formation mentioned repeatedly and last on Monday here. Will gold bottom at 4050/55? . Look at how DXY is breaking above its 200-WMA (while EURUSD breaking below its own 200 WMA). See the similarity in DXY's 200 WMA breakout to that of December 2021. Will it extend to the all important 103.55?

Have you seen how gold jumped to $4227 on Friday following weak US jobs report, before dropping $100? Not only gold showed the familiar $100 high-low swing during high profile events, but also respected the base of the triangle. More details shared with our WhatsApp Bdcst Group.