I think this has legs, we got back in the range and found acceptance...I see no reason we can't go higher, I think the DXy will remain supported, but struggle for more elevation without further policy details.... Maybe gold kisses some safe haven appeal.
Just my thoughts on today and I could be way off.
Price has pulled back to close the M30 FVG and grab some liquidity below 2696.
I'm thinking if it pushes back above 2700 then it will continue up to 2718-2727 to close the FVG on D1 and put price in the OTE short discount zone and turn to the downside.
A M30 close below 2696 without breaking 2700 would invalidate this scenario.
Anyone have any thoughts around this and if my logic and understanding is correct?
I wish bulls would make up their minds. Couldn't sell it fast enough on Wednesday, couldn't buy it fast enough yesterday. Now they seem to not want it again anymore.
short pending (0)
short ?lost (2785 PropBroker eliminated via hedgeclosing - disput open, will take some time, will I won't go into that anymore from now on)
short active 2785,2784,2783,2709,2703 (they all have SL in win - there will not follow hedge against this positions from the upper side = in this case project finishes with no losses) long active 0
long pending (2667,2650,2615)