gold possible direction althrough 19th to 23rd of January 2021, there is a redistribution currently forming on,
given the negative correlation of dxy to gold, we have a bullish rally and accumulation of orders on dxy on the h4 time frame, and a confirmed redistribution on xauusd h4 timeframe, a break in bearish structure in dxy is expected to occur at 91.010...
Dxy is currently rallying to make a break of bearish structure on 4h at 91.010, eur zone central banks are dovish, in monetary policy trying to save their neck from deflation they have had a negative gdp and now a gdp of 12.5% their central bank are accepting QE in other to have money in the economy devalue the euro, USD is going to approach inflation way before...
