gold is in 4hr central pivot zone which is a nice retest area for a possible down move also have some divergence forming at this level for even more confirmation
this last up move caused a orderblock to be formed around 1926 which where im aiming for maybe even lower depending on price actions when it get there we could head bakc to that green trend line if it...
if 15100 holds we can see a nice move to the down side tapping into that 4hr order block and buy side liquidity around 14900
now if 15100 doesn't hold we can see a move up to clear the remaining sell side liquidity around 15160 -15220
im short side biased at the moment a break of 15050 should open the door for a nice move down to those both of those green lines...
dxy is still bullish at the moment i want to see price action once it pushes up towards 104.4-104.5 area if we get some bearishness there we can see a nice push down if not it will head to that 105 area but this area ia attractive for the fact it created a flip zone here retest and made a move down leaving the orderblock we are testing now
nice buys we are already in sl should be in profit if you didnt take profit already
its looking like usdcad will give more entries and we also have hidden bullish divergence here keep eye on this setup or continuation
i never touch this pair but i was scrolling and happen to see this nice setup for a possible short here if it fails there can be another short around the 1.06700 level
we also have bearish divergence on the 15 min and overall the higher time frame bearish trend is holding
i believe there 2 scenarios for the dollar it can pull back then drop or just drop either its bearish right now trying to find support which i believe its around the 102 level after that little sell off i wouldn't be surprised of a pull back keeping eye on it since dollar has news today so moves could be fast
so 2 things can happen but one is more likely due to the fact uj is in a down trend but for the sell to be valid we want to see bearish price action around the 136 level if not
a retest and move up can become valid dxy is increasing causing this up move but we also have news in 15 min so have to keep eye on this one
what the market does next here depends on dxy...
what i wanna see from gold it could of course just break down but its in a consolidation area if it goes up the retest would be perfect for a move back down and a continuation into tomorrow trading day cpr levels im looking for sells around that 2015 level once i see bears come in after the rise since the trend is down
still a bit bullish but if we get a break out of this channel or creation of a head and shoulder pattern we can see a nice size down move from nas over the coming day or so
now if we see a break of the high we can see a push towards 13500 level