Hi traders! it’s been long time I posted last.
Welcome back.
DXY is bullish weekly and had a break even daily, but now over bought 4h, hence any time market can pullback. Thus XAUUSD must be bearish and we’ve seen double tops 4h, but couldn’t break even and seemed able to range with a strong pullback 4h in anticipation to grab internal liquidity. In 1h a resistance is found and order block should be expected in correlation with DXY for downward momentum. If buyers found exhausted 1h at an order block, continue for short.
Welcome back.
DXY is bullish weekly and had a break even daily, but now over bought 4h, hence any time market can pullback. Thus XAUUSD must be bearish and we’ve seen double tops 4h, but couldn’t break even and seemed able to range with a strong pullback 4h in anticipation to grab internal liquidity. In 1h a resistance is found and order block should be expected in correlation with DXY for downward momentum. If buyers found exhausted 1h at an order block, continue for short.
