Ouro/Dólar AmericanoViés de alta
Last Leg XAU
Overall uptrend still needs a leg to complete its wave.
Considering higher lows of around -10%, the recent drop is the 4th point in our Elliot Wave analysis.
Last leg is to form the head and shoulders, synonym of long term tops.
I think the focus will be towards currencies, with countries focusing on Trumponomics, strengthening currencies for the dollar against tariffs. PBOC just reached an ATH in their gold hoarding.
Dollar itself might feel some headwind, because of the recent rise in DXY, a cool down soon is expected with my lower yields analysis. This would go well with foreign currencies reaching up while some headwind causes the USD to lag.
Let's see
Considering higher lows of around -10%, the recent drop is the 4th point in our Elliot Wave analysis.
Last leg is to form the head and shoulders, synonym of long term tops.
I think the focus will be towards currencies, with countries focusing on Trumponomics, strengthening currencies for the dollar against tariffs. PBOC just reached an ATH in their gold hoarding.
Dollar itself might feel some headwind, because of the recent rise in DXY, a cool down soon is expected with my lower yields analysis. This would go well with foreign currencies reaching up while some headwind causes the USD to lag.
Let's see
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