DXY hasn’t broken out of important levels, SPX pulling back to the 50 EMA looks healthy, and XAU breached $4,100 but appears to be holding the LARGE 61.8% and the psychological level $4,025.
Even with those signals, I’m staying sidelined for now — I want more confirmation. Gold has been frustrating lately, and if you need a break after the last two rough quarters, take it and get ready for the low-liquidity summer. lol
Hopefully we’ll see a cleaner market structure develop soon! Cheers.
DXY hasn’t broken out of important levels, SPX pulling back to the 50 EMA looks healthy, and XAU breached $4,100 but appears to be holding the LARGE 61.8% and the psychological level $4,025.
Even with those signals, I’m staying sidelined for now — I want more confirmation. Gold has been frustrating lately, and if you need a break after the last two rough quarters, take it and get ready for the low-liquidity summer. lol
Hopefully we’ll see a cleaner market structure develop soon! Cheers.