DXY SHORT TERM EXPECTATIONS (4H)

Just making an observation that DXY has come back to its bottom of around 94.6.. At this point we can expect a bounce, which would indicate the USD is about to get stronger and people are going to be more in Cash (so pulling out of investments).. Can be an indication of a Sell coming in the Gold.. RSI is already in under bought zone so this gives me more confidence in the upside.. If not, I would expect it to continue it's run down to it's next bottom of around 88.5 and see if will bounce from there..

Yorum:

DXY has now hit the previous low of around 94.6