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Beyondtechnicalanalysis

Gold, Further Short on the cardGold started a recent descending channel from 1947.555 since the FOMC press conference on 20th September 2023. Price could be expected to retest the Daily EMA 200 and 4hr EMA-20 before possibly swinging down to challenge the low since 21st August at 1885. The DXY could also further grow to 109 and ultimately to 113 as i mentioned in my last DXY idea publication. This can potentially bring a negative fundamental to GOLD and so watch out.
OANDA:XAUUSDShort
by AbeikuGlobal_FX
10
XAUUSD, Long from the liquidity zone (1915)Gold is currently reacting on a key level (1925) which has the Daily EMA-50, 4Hr EMA 200/50/20 on clusted there. The 4hr candle closing below these EMAs could spark a short to the next liquidity zone (1915). The 4Hr candle closing above the EMA-200/50/20 could spark buys to 1952 potentially but before the market will buy, i will expect some liquidity drops to 1915 before any potential long at the back of an expected bearish wave of the DXY.
OANDA:XAUUSDLong
by AbeikuGlobal_FX
1
DXY, Ready to ShortThe last week DXY movement fulfilled my idea which I predicted price to hit the key level at 105.8 For the past 13 -14 weeks, the DXY has been on an ascending trend from 99.23 to 105.756. The current resistance has been a key level since 1st December 2022. Price is currently reacting on a resistance trendline of the main ascending channel since 26th September 2022. The resistance trendline coincides with the 105.834 key resistance which has historically driven the DXY down. The DXY could initiate a BEARISH WAVE first to 103.100 to retest the Daily EMA-200 & 50. The FED could consider a rate hike in the last quarter of 2023 in the midst of a possible DXY bearish waves.
TVC:DXYShort
by AbeikuGlobal_FX
1