A-FX Daily analysis Gold&DXY

Last week we saw bearish DXY. Today is Monday and we do not expect a big range at the markets. We expect some manipulations and for that, we will look for liquidity run or stop run. We have liquidity pool below the current market level at DXY and above our Support zone at 96.26 and we expect the market to reach these levels. We are still bearish at long term but today we can see small bullish move in DXY.

Our important levels are:

  • Expect Bullish move from Support Zone 1 -> 96.26
  • Expect Bullish move from Support Zone 2 -> 95.74
  • Expect Bearish move from Resistance Zone 1 -> 96.94
  • Expect Bearish move from Resistance Zone 2 -> 98.00

Last week Gold reacts perfectly from our Support level and makes more than 500 points move. After that, we saw nice retracement and the Gold market extend higher again with 200 points. We are still bullish at Gold and we expect to see a nice bullish move until Wednesday.

You can learn more in our A-FX Daily analysis video

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