DXY - currently seeing Dollar strength breaking out of previous lower highs
US Equities - Seeing sell off from the highs
Global Equities - Seeing a sell off from the highs
Vix - Impulsive push to the upside showing us fear in the markets as there is sell offs in the Equities market
currently there is a short term market fear due to Delta variant fears, middle eastern tensions, and economic data.
XAUUSD - since we are seeing DXY pushing to new intraday highs. we can anticipate for Gold to reject 1795 for the moment being as Gold is its own beast and does not always correlate with DXY. I will be waiting for price to reach my AOI of 1789KL or 1795KL to take rejection sells down to 1772 KL - we have multiple daily candle closures below 1795KL multiple 4hr candle closures below 1789KL
I will potential look to take entries between 1795 - 1789 where I want to see buyers exhaustion, flat top candle closures, failure to make higher higher, either a double top or single tap rejections, will most likely place a sell limit at 1792 with a 30 pip sl looking to target 1772
US Equities - Seeing sell off from the highs
Global Equities - Seeing a sell off from the highs
Vix - Impulsive push to the upside showing us fear in the markets as there is sell offs in the Equities market
currently there is a short term market fear due to Delta variant fears, middle eastern tensions, and economic data.
XAUUSD - since we are seeing DXY pushing to new intraday highs. we can anticipate for Gold to reject 1795 for the moment being as Gold is its own beast and does not always correlate with DXY. I will be waiting for price to reach my AOI of 1789KL or 1795KL to take rejection sells down to 1772 KL - we have multiple daily candle closures below 1795KL multiple 4hr candle closures below 1789KL
I will potential look to take entries between 1795 - 1789 where I want to see buyers exhaustion, flat top candle closures, failure to make higher higher, either a double top or single tap rejections, will most likely place a sell limit at 1792 with a 30 pip sl looking to target 1772
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.