DXY at a crucial level
The daily trendline has been tested multiple times and has been valid since DXY failed to break through above.We are expecting FOMC news in 3 hours at the time of writing which if it's hawkish we can expect DXY to break the daily trendline and move up, this will cause XAUUSD to dump since the dollar and gold are correlated. One goes up, the other goes down. We shall see what happens.
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