If 4H candle closes below 1722 look for shorts and if it breaks out of wedge upside then look for long to 1747-1750 zone as this is a liquidity zones and price is very likely to go and tap it.
There seems to be clean divergence on GBPAUD on the 4H chart as you can see on the indicator and chart marked in red arrows. Lower lows were made yet higher lows were indicated in the oscillator, so we can expect a bullish reversal. I am currently in a long trade as indicated on the chart.
Currently looking at the 4H chart for DXY, we can see it is in a range. We can expect it to make a push up to the 100.80-101.00 region before a dump, leaving the gap open for now. More importantly keep an eye out for fundamentals!
Double top, with Bullish bat pattern, and Bullish divergence all confirms the downfall of Gold to the 1665 zone.
Price is heading towards a level of strong resistance. If the price gets rejects here we can continue to head downwards. Look out for a close under 1.95597 on the 4H timeframe. Another scenario would be price breaking this level of resistance and retest this price level and continue on an upward trend. If the price rejects in this area then price can continue to...