I honestly think XAU is going to rise for today,
Why? Because i looked at the U.S. 30 Year Treasury Bond and saw that the market came up to the order block around 26668 and is currently dancing around that general area(Im looking at it from a 4hr perspective) Im expecting it to possibly climb a tad bit higher and then drop therefor causing
The DXY to follow suit and drop as well... IF you look at the DXY... yesterday i was expecting it to come down and sweep februarys lows which it did exactly causing XAU to rise...
I believe the DXY may drop back down to januarys lows around 97.6 and again like i said cause XAU to rise more...
BTW ... yesterday, if you look at my previous markup , i was expecting XAU to drop down to 1564 which it did almost to the T and immediately rejected. Ill post an update on that as well
Why? Because i looked at the U.S. 30 Year Treasury Bond and saw that the market came up to the order block around 26668 and is currently dancing around that general area(Im looking at it from a 4hr perspective) Im expecting it to possibly climb a tad bit higher and then drop therefor causing
The DXY to follow suit and drop as well... IF you look at the DXY... yesterday i was expecting it to come down and sweep februarys lows which it did exactly causing XAU to rise...
I believe the DXY may drop back down to januarys lows around 97.6 and again like i said cause XAU to rise more...
BTW ... yesterday, if you look at my previous markup , i was expecting XAU to drop down to 1564 which it did almost to the T and immediately rejected. Ill post an update on that as well
Comment:
1584*