Downward trend line resistance + bearish pin bar + 100 EMA acting as resistance + bounce of pivot level 1.1495 + rejection of price > 1.150
Bullish engulfing confirmation at ascending channel bottom support line + 100 EMA acting as support.
Upward channel, test of upward support trend line + re test of previous swing high.
Upward channel, test of upward support trend line + re test of previous swing high.
Retest of previous support structure 1t 1194 + trend line support + 0.618 fib present.
Trend line resistance + re test of major confluence zone + 38.2 fib level + oversold environment 30min rsi.
XAG and XAU are at strong resistance zones. Enter short, tight stop loss.
Weekly resistance zone (green area) Breakdown and re-test of confluence zone. Downward movement continue expected.
DXY Broke above 95 level, and is back to retest.
Weekly resistance has been respected taking us below 1.80 levels.
Weekly resistance has been respected. Price has rejected anything above 1.70. Potential lows till 1.680 and lower.
DXY at zone of confluence. This region has been tested multiple times.
DXY is in a major bear market, any downtrend in XAU should be simply bought. BUY THE DIPS. We are at the bottom of the range, with dxy at major resistance. Buy now since we are in a ranging market till 1215.
Look to the left and see the confluence zone acting as resistance at the 94.3 level. Enter short at pullback. Next target 93.2.