XAU strong bid to clear 2080.00 all time high is still intact, however 2060.00 level is a formidable level that may initiate short time bearish pressure or reversals, bears failure to takeover from this level will definitely send price above 2080.00 level.
SUGESTION
swingers should wait for price to pull down around 1983.88 level, then take a long position...
Typographycal error affected yesterday analysis but i believe you picked the point i was trying to make
Yesterday we expected price to drop down to 106.434 and 106.245 levels, price dropped down to those levels an hour to New York session close, consequently price was reluctant to make a bullish run and with the current prints around that area in a Lower...
In our previous learson we discussed the fundamental factors that may Lee DXY(dollar index) bullish near/Long term, but as we am know that price is not linear so price is expected to go for retracements or even shot term reversals while keeping its bullish strength intact.
Technicals
DXy is currently retracing after hitting multi months high @ 107.347 with the...
FED (federal reserve)
US economy and the labour market is robust which is positive for the dollar however robust labour market and inflation have common relationship.
In order to combat inflation and bring down the price of goods and services FED adopted a rate hiking policy, this policy is fierce enough to tackle inflation but its a double edged sward that need...
