DXY LONG TO $94
The Dollar Index is starting its year with a recovery to the upside after the major thrashing it took in 2020. I am expecting a retracement back to the $94 resistance before we see another sell off starts for 2021. Look at buying USD pairs after DXY touches the support zone of 90.40 which lines up perfectly with the 0.50% Fibonacci retracement.
The recovery off the DXY strengthens my bias on Gold shorts to 1670 and acts as an extra confluence which I have also posted on my Trading View profile. I will be cashing into this move with my Account Management investors.
The recovery off the DXY strengthens my bias on Gold shorts to 1670 and acts as an extra confluence which I have also posted on my Trading View profile. I will be cashing into this move with my Account Management investors.
TELEGRAM - @XTBCAPITAL
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