liamsmith

The Dollar Index (DXY) currently stands at a critical crossroads, with its weekly close below 98.00 poised to dictate the trajectory of major asset classes for the coming weeks. The DXY closed as a bearish weekly candle at 97.2, confirming the "Bearish Dollar Scenario" as it closed below the 98.00 level. The market sentiment is currently cautious, awaiting clear directional cues from the DXY2. Our analysis will explore the Bearish Dollar Scenario, outlining potential price movements and actionable recommendations across a range of correlated assets

Market Outlook: - USD: Bearish bias persists, suggesting potential further downside pressure. - Gold: Bullish trend intact, indicating potential for continued upside momentum.

Market Outlook: - USD: Bearish bias persists, suggesting potential further downside pressure. - Gold: Bullish trend intact, indicating potential for continued upside momentum.

Market Outlook: - USD: Bearish bias persists, suggesting potential further downside pressure. - Gold: Bullish trend intact, indicating potential for continued upside momentum.

Market Outlook: - USD: Bearish bias persists, suggesting potential further downside pressure. - Gold: Bullish trend intact, indicating potential for continued upside momentum.GOLD Daily TimeframeDXY Weekly Timeframe

Anticipating a reversal on gold if we can hold this zone and turn around bullish in structure to keep going for the highs - I will update chart once we at entry - like this post to stay tuned!

The chart for Gold (XAU/USD) on the 1-hour timeframe shows a recent sharp downward move, breaking below a previous level of support around $3,250. The price action has created a bearish fair value gap (FVG) between approximately $3,260 and $3,270, which could act as a potential resistance zone. Above this FVG, a Breaker Block in orange is also visible above - further reinforcing this area as significant resistance. The initial sharp decline is indicated by a strong bearish candle, followed by some consolidation. A projected path suggests a potential retracement back up towards the FVG or volume imbalance before continuing its downward trajectory towards lower support levels around $3,200 and potentially $3,175. The $3,300 level appears to be a significant area of past volume resistance.Price ran up into the FVG zone - we will be looking for more downside to followNice rejection and bearish downside pressure that followed in the charts

Important Note: Trading involves risk, and this analysis is based on the provided chart and description. Traders should conduct their own thorough research and analysis before making any trading decisions. Remember to confirm the timeframe and adjust the stop loss based on your own risk management strategy.

The gold market is currently exhibiting a compelling bullish chart setup that strongly suggests a significant upward move is in play. After a period of consolidation, gold is showing clear signals of renewed strength and momentum. My analysis indicates a high probability of gold reaching and potentially exceeding the $3000 level in the 4 Hour Time frame in the coming weeks. This bullish conviction is based on a confluence of technical factors and chart patterns that are aligning to create a powerful upward trajectory.Waiting on a retracement into the 4 Hour breaker block to enter buys

BTC/USD SHORTS Daily Timeframe Analysis Higher timeframe trend is sitting in a bearish order block. If this zone holds and does not get broken we can see BTC fall further down to take out the sell side liquidity.