Still holds; the Finish Line for the short-term bulls is at 2398.76. More pressure to 2324 to 2327 still holds. Potential bull trap loading....

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

We have seen 2398 from 2390, I believe the downward push will connect us to the 2324 train. We continue waiting.....

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

As with any trading strategy it is crucial to practice proper risk management and always have a plan in place before entering a trade based on Fibonacci retracement levels. Understanding the 61.8% rule can give you an edge in the market and improve ...

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

While the 61.8% level is a popular choice among traders it is important to use it in conjunction with other technical indicators and tools for confirmation. Combining Fibonacci retracement with other analysis methods can enhance the accuracy of your ...

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

The 61.8% Fibonacci retracement level is derived by dividing a number in the Fibonacci sequence by the number that follows it. This ratio is believed to have unique properties that can help traders identify potential turning points in the market. ...

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

When a price retraces to the 61.8% level and bounces off it it suggests that the prevailing trend is likely to continue. This level is considered significant because it reflects natural patterns found in nature and financial markets. #TrendReversal ...

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

The 61.8% level, also known as the Golden Ratio, is a key Fibonacci retracement level often indicating a strong trend reversal point. Traders commonly use this level to set profit targets or stop-loss orders. #GoldenRatio #TradingStrategy

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

The key Fibonacci levels to watch are 23.6% 38.2% 50% 61.8% and 100%. These levels represent potential areas where a market trend may reverse or continue. Traders often look for confluence between Fibonacci levels and other technical indicators. See ...

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

# 2 To use a Fibonacci retracement first identify a significant price move (swing high and swing low) on a chart. Then draw the Fibonacci levels from the low to the high (or vice versa) to pinpoint potential reversal points. #PriceMove #ChartAnalysis ...

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

#FibonacciRetracement: The 61.8% Rule # 1 Fibonacci retracement is a powerful tool in technical analysis, used to identify potential levels of support and resistance in a market trend. #FibonacciRetracement ...

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

Opinion: Today, ranging is expected—a possible short-term move to 2390 to 2404. But the Bearish trend to below 2324 still stands. We wait.

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

Why share your contacts?

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

So much has been said about the uncertainty in the market. However, I have researched Exaggerated fears currently influencing the Market. I believe that irrespective of the fundamental influence, the trend remains the King. At work, I believe we can ...

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

Yes, I agree. Possibly, our New York Session will provide a decent move toward 2340.

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

Why XAUUSD is bearish until 2324

Dollar Index (DXY) & XAUUSD (Gold) Analysis Forum

Possible Case Scenario: We see 2354 before 2510.

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