XAUUSD

gold possible direction althrough 19th to 23rd of January 2021, there is a redistribution currently forming on,
given the negative correlation of dxy to gold, we have a bullish rally and accumulation of orders on dxy on the h4 time frame, and a confirmed redistribution on xauusd h4 timeframe, a break in bearish structure in dxy is expected to occur at 91.010 then dxy would be in bullish terrain, we have fundamentals of dxy on the rise posing a strong dollar against gold, at least up to 27th of January when the fed rates would be released up till then we would be having a strong US dollar

we can look for sell opportunities in gold when it gets to premium levels, in other to have a low risk and a high reward, i would recommend selling using conservative entries as oppose to setting pending orders nor setting executions base on price approaching the zone, wait for break in structure on the smaller timeframe in direction of the bearish contiunation.