Gold may move back up, not quite to its previous high as it may form either an inverted HS or a double-bottom reversal on the 4 hour chart.

Confirmation above the upper neckline.

Failure below the lower neckline.

Long-term be wary of DXY causing it to drop hard from its highs:

Gold and the Dollar Index


Triple Top for Gold if a Strong Move Back Up from DXY


The above may occur should DXY continue up after losing steam on lower timeframes:

DXY Losing Steam Temporarily


Longer term outlook on DXY here:

Market Recoveries: be Wary of DXY


Double Top or BottomDXYGoldHead and ShouldersXAUXAUUSD

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