For this entire year of 2021 gold has been in a range between a high of 1959 and a low of 1676. Given the fact that the dollar index as well as gold were correlated (moving in the same direction together ) from the start of the fourth quarter, which as we traders know should not be the case, this gave me insight to monitor the strength of both the dollar as well as Gold. From what I can tell, over the past week the DXY and gold's correlation began moving as it should and that's negatively ( Moving in the opposite direction ). Because I am expecting USD major pairs to rally up and DXY showing signs of doing the same, this is where I am expecting the retracement to take place on Gold. ( Do note that my analysis is based off the Daily chart ). If you draw your Fib from the swing low which has a blue range box marked with the low being at 1758.890 and the swing high just above the Liquidity void at 1877.140 you will find equilibrium ( 50% Fib level ) to be around 1818. Anything below that price would be considered "Discount" for larger hedge funds and institutions to purchase more gold orders at a discount rather than a premium price. On the 5th of January the market left a Bearish order block( Low wick of last bullish candle before market trades down rappidly ) and this is my target for the buy as we may very well see a bearish year for 2022 once price reaches the bearish order block at 1934. Please do share your opinions as I firmly believe that because we view the market differently, I may be missing something you may have seen. Your honest criticism is appreciated.