🟣DXY🟣 H4 CHART
As we witness the unfolding of a conflict in the Middle East this week I expect the commodities of OIL and GOLD to raise more after a pullback that will offer buy entries.
On my view the DXY index will pullback to the previous broken support now resistance in the 99.200 - 99.340 area and selloff to the weekly targets 97.500 and 96.800.
FOMC on...
This week the ongoing conflict seems to bring more uptrend to this commodity
I believe that the last broken resistance now turning support at 67.300 will be tested prior to the OIL raising again
If the conflict doesn’t end and we don’t have a ceasefire we could see this commodity running to the 78.000 and 82.000 levels
Similar to OIL I also believe that GOLD will seek new high however I advise more strict risk mgt on this commodity as it’s the most traded and manipulation occurs so we may see the price being pushed down more than expected
Pullback level should take place just below the 3400 area ideally between 3397 and 3392, where buyers may start pushing the commodity up to...
