In our last analysis, we had anticipated a minor correction in DXY but the correction has exceeded our expectations.
Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a correction in DXY to the 103.7 zone before going up.
Our technical view has been shown in the...
In our last analysis, the Gold price has been reacted to upper dynamic resistance. finally, buyers got the rope and broke above the upper dynamic resistance. Right now gold is bullish and buyers are buying in every dip.
We Are expecting the price to eventually reach into 2300-2350 zone this week.
Plus, we have NFP/Unemployment news this week.
Our technical view...
Hello Traders
AUD/USD moving down in 5 Elliot wave impulse waves.
After the first 5 wave impulse, AUD/USD made an ABC correction.
Afterward, we faced a big drop in AUD/USD indicating that the price desires lower levels and has started another 5-wave impulse.
So we believe every correction is a sell opportunity for this pair.
Our technical view has been shown...
Hello Traders
Gold prices have had some decent gains since "14 Feb 2024". in the last few days, gold dropped some gains due to DXY strengthening.
If DXY continues to strengthen itself, we believe lower gold prices are not far untouchable.
Gold has made a 12345 impulse wave (rising wedge). the price has been rejected 3 times from the upper dynamic resistance...
