Gold has a potential pullback to go long. (ignore the 0-5 levels) more the idea in general terms.
The DXY requires a pullback this lines up with some Delta turning points. With Bitcoin, SPX and Gold rising as the DXY drops. The Correlation makes this an obvious next step. Just a question of when.
If you look at the monthly chart (below)
You will see the trend of the stochastic is down - additional confirmation of a pullback.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
The DXY requires a pullback this lines up with some Delta turning points. With Bitcoin, SPX and Gold rising as the DXY drops. The Correlation makes this an obvious next step. Just a question of when.
If you look at the monthly chart (below)
You will see the trend of the stochastic is down - additional confirmation of a pullback.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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Master the Art of Trading: amzn.to/3nUfB9r
Prop firm partners (FTMO)
shorturl.at/hBEQ4
