Expecting a fake out of the supply zone here - what to expect.
When the price pushes up - we can see previously 1.11 is a supply zone - based on the DXY - expecting this to push down as the bears are in control as of this moment.
Watch and wait surround 1.1090 - 1.11
With Gold rejecting a resistance zone at 1280.000, this round Number is a very large Psychological Level as well.
Will it continue downward with the current momentum or will it keep testing this Zone until it breaks?
This pair is very unclear of what it wants to do so Im going to short it based on the long rejection on the bearish side. Prices are not moving higher and I'm expecting to catch some good pips as we retest the lows,
