Hi again!
DXY analysis shows me that probably corrective wave 4 has finished, and now we are currently in great wave 5, has shaped wave 1 and 2 , so it is preparing for wave 3 of great 5, (a pullback on the corrective channel of wave 4 supports my idea, and the whole movement of great wave 5 is to pullback on daily descending channel (purple channel)).
I suppose bearish movement for DXY as I suppose bullish movement for XAUUSD , and in this way they both correspond with each other!
Let's see! hope it helps!
DXY analysis shows me that probably corrective wave 4 has finished, and now we are currently in great wave 5, has shaped wave 1 and 2 , so it is preparing for wave 3 of great 5, (a pullback on the corrective channel of wave 4 supports my idea, and the whole movement of great wave 5 is to pullback on daily descending channel (purple channel)).
I suppose bearish movement for DXY as I suppose bullish movement for XAUUSD , and in this way they both correspond with each other!
Let's see! hope it helps!
