GOLD UPDATE ANALYZE 45 MINDear friends,
Hello. The analysis of gold has come true, and considering the conditions that have emerged, the path for upward movement has become smoother. Currently, the price is oscillating within an ascending channel, with the channel's resistance coinciding with an orange-colored base. We expect a reaction to this level and will be looking for buying opportunities in suitable areas within the lower bases, with the formation of a trigger for gold buyers.
Dxyshort!!!!!!!!!!!!!
DXY Analysis. Its close!Hello Everyone. I want share my idea about DXY.
In my last idea DXY price went exactly as i planned.
( I will link in that post that idea )
After big news what was CPI we had big fall which retest Aug low and came back to weekly trendline. but what we have here now? what is my plan for next week?
We are at really important place because its close to July Strong high ( from here we saw pretty Bearish movement which was almost with no LH and broke Weekly support)
Weekly trendline (from that trendline it touch 4 times and after all the touch we saw big bearish movement, its 5th touch) and daily resistance ( here we had many touch).
My price prediction is short but i will open my short position after i see FOMC news, i think at the new day we will see some real movement of dollar. I would like to see retest that all zone what i mentioned and see if sellers are still strong or not. If seller will be still active we will see one more strong down side movement.
DXY Dollar Index The Dollar Index (DXY) is presently situated at the upper boundary of a trading channel, accompanied by several concurring factors that suggest potential selling opportunities. These include the possibility of encountering resistance near the range of 103.380 to 103.450, aligning with a notable rejection point. Furthermore, there is the presence of the -0.618 bullish Fibonacci target, potential rejection candlestick formations on the hourly chart, contact with the 200-day moving average, interaction with a descending trend line stemming from November 2022, and the impending trading session tomorrow, which adds another layer of convergence to the analysis.
🔔DXY is ready for Pull Back🔔As I expected, DXY broke the resistance lines , and now DXY is moving near the 🔴 resistance zone($103.80-$103.38) 🔴.
🌊According to Elliott wave theory , DXY completed 5 impulse waves at the resistance zone.
🔔I expect DXY to drop to at least the uptrend line in the next few hours.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY BearishMarket Structure: DXY is in a downtrend making lower highs and lower lows and approaching a key level (resistance, downtrend line, swing high) and there is likely an accumulation of buy orders which are made up of breakout traders and stop losses of short positions. This accumulation of orders creates enough liquidity for the market to match orders at this high point before positioning to go lower.
Trade: Wait for price to close above the swing high point and enter short on a sell stop @ 130.572
Upside Range for gold with a midpoint for invalidation of range Pictured is gold from a Daily timeframe perspective
How price is reacting at the bottom of the Weekly range is rather Reversal like and also paying attention to where price is on the DXY - the probability lies in a correction inbound - wether it correct to the mid zone and then continue lower, or if price brakes through we can see price make its way up to 1980 and BEYOND !!!
On the Monthly chart price is also testing last months low region and a clear brake below this if you were to go to the monthly chart would see a further decline to 1800
The remainder of the month is looking interesting .....
Stay tuned
Increase of DXY index after breaking the Resistance Line🚀Hi everyone👋.
💡The DXY Index is ready to break the resistance lines; one of the signs is Bullish Marubozu Candlestick Pattern .
🌊If we look at the DXY from the theory of Elliott waves , we will find that DXY is on the way to completing wave 5 (📚If DXY breaks the resistance lines, we can confirm the end of wave 4 📚).
🔔I expect DXY to break the resistance lines and at least go UP to the 🔴 resistance zone($103.80-$103.38) 🔴 in the coming hours.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📈DXY daily chart pattern📉TVC:DXY
CAPITALCOM:DXY
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✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
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CrazyS✌
DXY Analysis. CPI Day! No trade today!Hello Everyone. I want share my idea after we will get some news from CPI.
In my last analysis of DXY my price prediction still short (i will link that idea in this post) My price prediction is still Short. on high timeframe from weekly trendline we have some pretty bearish movements. I think until cpi numbers it will touch daily trendline then it will retest weekly trendline, if there will be not new sellers the price will brake easy that trendline.
TODAY I WILL NOT OPEN ANY TRADE UNTIL CHART WILL BE NOT CLEAR!
Good luck Everyone.
Bearish continuation for Dollar?Now that we are here...this is a price of attention since the Bearish retest should stop here and then continue downwards. We now are seeing a decline in the micro Bullish trend of the Dollar. Where do we go from here? A Bearish continuation for the dollar can only spur HH for equities is that even possible? PA will tell
DXY Analysis. Crazy week incoming!!!Hello Everyone. I want share my idea about USD Index.
After big and strong downtrend dollar found strong buy LVL and from here it started uptrend but at high timeframe we see its still bearish. Friday we saw strong sell but its looks like new low, i think the little bullish trend will continue, it touch weekly trendline or daily resistance, and then we will see another strong bearish movement.
This trend started after unemployed/employed rate news, next week is more crazy, we have month cpi and other big news.
My price prediction is 2 side and simple.
1 Bullish - price has big reaction on this daily trendline, it brake daily resistance and weekly bearish trendline, then retest that zone and price is going up side.
2 Bearish - price going to weekly bearish trendline, from here it has big rejection and price coming down again, braking July low and test second big weekly resistance at 98.000 LVL.
Be Patient!!! Next week will be full of manipulations, Be carefully!!! Good luck everyone!!!