Gold Short Trade Setup

Gold prices are ranging in 1hour while I have an eye with Bollinger bands in positions. The best indicator to measure the volatility. If we can see an hourly close on the upper band we can expect a retest back on recent highs above 1640. And alos a breakdown from the range would go below 1595.

DXY has showing some green data with Monda as of showing an bounce back from 98 to 99 price level.

I see a breakout on the following trend line it has formed. And looking for targets as marked right on the bottom. Trump has signed Off 2 trillion package for COVID which has a possibility to support US Economy in the mean time from its out ranged crashes.