XAUUSD VS DXY
G'day Guys. It's Monday once again.
Last Friday NFP showing negative results which is pushing DXY down and relatively, pushing GOLD high.. Today am analyzing this based on weekly, time-frame which to identify where exactly this pair heading.
This is critical area either GOLD continue heading bullish or fake breakout. Comparing with DXY (US Dollar Index) its was retest the Demand Zone, considered as strong Demand Zone. As everybody know, how FEDs react based on what they like to do, tapping and QE anytime.
We waiting for exact confirmations. GOLD has no clear picture continuing bearish or bullish at the moment. We close monitoring on this pair for another day. Then only re-analyse the market. As today monday, we normally waiting all 3 session to be open and start their business.
Let's see what happen on this pair. Stay tune.
Last Friday NFP showing negative results which is pushing DXY down and relatively, pushing GOLD high.. Today am analyzing this based on weekly, time-frame which to identify where exactly this pair heading.
This is critical area either GOLD continue heading bullish or fake breakout. Comparing with DXY (US Dollar Index) its was retest the Demand Zone, considered as strong Demand Zone. As everybody know, how FEDs react based on what they like to do, tapping and QE anytime.
We waiting for exact confirmations. GOLD has no clear picture continuing bearish or bullish at the moment. We close monitoring on this pair for another day. Then only re-analyse the market. As today monday, we normally waiting all 3 session to be open and start their business.
Let's see what happen on this pair. Stay tune.
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