Gold is currently reacting on a key level (1925) which has the Daily EMA-50, 4Hr EMA 200/50/20 on clusted there.
The 4hr candle closing below these EMAs could spark a short to the next liquidity zone (1915).
The 4Hr candle closing above the EMA-200/50/20 could spark buys to 1952 potentially but before the market will buy, i will expect some liquidity drops to 1915 before any potential long at the back of an expected bearish wave of the DXY.
The 4hr candle closing below these EMAs could spark a short to the next liquidity zone (1915).
The 4Hr candle closing above the EMA-200/50/20 could spark buys to 1952 potentially but before the market will buy, i will expect some liquidity drops to 1915 before any potential long at the back of an expected bearish wave of the DXY.
