📊 #DXY Dollar Index – Daily HTF Analysis Update
If you recall yesterday’s analysis, we clearly mentioned that DXY was at a very crucial resistance, a make-or-break level for both Dollar Index and Gold. 📍
Now we can see that the Dollar Index has given a strong rejection from the fresh Daily Supply Zone + Trendline Resistance. 📉
📌 What Next?
If today’s Daily candle closes fully bearish, then there is a high probability that DXY may fall towards 98 – 97.50.
💡 And as we know, Gold and DXY move inversely:
📉 DXY Down → 📈 Gold Up
So according to the DXY structure, in the coming days we may see a strong bullish move in Gold. 🚀