US30 Long Limit
The DXY paused on Thursday as investors considered what might happen next in the US Stimulus plan. However, technically, it's the quiet before the storm. Expecting the DXY to plunge should the allocation is to be raised to 2k on the stimulus plan. In that event, we can look for Bullish positions on XAUUSD, as DXY will drop, causing the gold to complete a bullish flag (Daily timeframe) fundamentally.
Fundamentally, President as signed the pandemic aid and spending bill, as such we expect DJI to rally to the upside.
Fundamentally, President as signed the pandemic aid and spending bill, as such we expect DJI to rally to the upside.
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