DXY & XAU/USD
DOLLAR:
- Currently price broke above the weekly OB
- created a new daily breaker block
GOLD:
- Price making new all time highs
- Price rejected $2400
- Possible retracement before next up leg
The current uptrend has the ability to reach the level of 138% and even the previous ceiling. In this case, according to the behavior of the indicator, the continuation of the movement process will be determined.
Crossing the green support zone will initiate a downtrend
dxy projects .. the price liberation through to the the mitigation point at 106... of which a slip of sweep will bw inculcated till 110 on the long run
- Previous week closure was the strongest bullish momentum in awhile and that is a sign for swing high breakout.
- We can observe a supply zone containing a gap in the price at 107.0 levels, also price left a huge (imbalance / liquidity void / FVG) whatever you call it below 105.0 levels.
* We may see a bearish move with market opening Below 105.0 to rebalance...
Hello, dear traders, whatever I told myself, the dollar can go higher
But the technical analysis says that it will not rise above the order blocks because the US is likely to go to war with Iran, which is extremely dangerous for the US dollar. Its rival, gold, has shown its declaration of war with its significant rise, and it is likely to go above $2,500. In those...
Dólar is going to keep risig for the next few months. I Guess untill end of May, brginning of June, surpassing the pprevious hight of 2023, but bellow the high of 2022. I dont ecpect to see GOLD to rise as it did in previous weeks with the dollar. I exepect the opposte: A correction of 8 weeks os so in gold back to 2100 -2150.
DXY projection recommends a push through to sweep 110 ... haha folks .. sit tight and anticipate the moves .follow for more insights , comment your opinions and boost the idea buddy...as dxy flies ✨ THANKS
**Monthly Chart**
Last month's candle closed bullish and as a key reversal to the upside indicating a continuation move of DXY to the upside at least to 106 level and balancing monthly engulfing levels at 107. This tells me that other pairs such as EURUSD & GBPUSD still have room to move lower to the discount zone (extreme demand zone) before deciding to move...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
On the backdrop of the CPI data hinting that inflation is still hot, FED kicked the interest cut ball lower down the street ( later than Jun, i believe). Therefore the strength in USD i guess.
Majors capitulated. Watch for some bounce if u want to long pairs like EU GU...
The quarterly shift played out in textbook manner. This is the perfect MMBM. At a minimum, I believe we reach original consolidation equilibrium this week. Then complete the MMBM by end of month.
Dxy broke out of the range it did and now it heading to 107 as first target but we would need to see some pullbacks for us to continue to the upside to atleast 107
