Gold has been going in Higher lows and lower lows, now we are currently on a higher low expecting the price to drop and create a new Lower low. The market created a double top and collapsed down ward and created an imbalance which the marks has just filled in right now. The market might continue to the down side
DXY has reach a very strong support, and we might expect some pull backs, and on the lower time frame, we can see the market is starting to consolidate alot meanin meaning it's rejecting to break through the support. Let wait for reversal pattern to occur for clear trades
DXY has been pretty bearish lately, it recently has came back from a strong resistance on the daily time frame. And on the 4 hour time frame it has created a continuous pattern, which is a bearish flag confirming continuous sells
Gold has been pretty bullish lately, it's has been forming highs and lows. By using Fibonacci I can see that the market is on the golden zone and it is creating a lower high, and on the 5 minute time frame it's creating a reversal pattern which is the triangle. I am expecting some bullish movement on gold for now
Gold is on a bullish flag and it's is up to create a LH after creating a LL, if it breaks the resistance above and retest we are gonna looking for further bullish momentum but if we see a rejection on the resistance or a reversal we are gonna look for bearish movement.
