₦airaland Forum

#DXY D1 🔭

The dollar weakness started last week from the weak NFP results released and although Mon & Tues closed with a bullish candle, Wednesday saw price dropping with momentum and it's obvious we should continue downwards.

Price targets is the Swing Low formed at 97.20 price area but with POTUS speaking on the tariff deadline today we are to expect volatility which could strengthed the Dollar.

#XAUUSD D1 🔭

Price action is so clear to see from the daily perspective, less noise but just price footprints.

We have an obvious Draw on liquidity at $3,430 for the yellow metal and with DXY very weak at the moment I see no setback to price rallying all the way there.

Although an imbalance still remains at $3,320 I don't see any possible heavy pullbacks to that level but rather a straight forward move to the $3,400 area.

FUNDAMENTALS ⚙

Thursday, 4th September

DXY H4 x D1 🔭

Technically the dollar is still quite in a run to the top, Draw on liquidity is 98.7

Yesterday though price rejected the imbalance and retraced down 50% of the bullish move made.

This is could be a confirmation to continue upwards but if we get a candle body close below 98 area then we follow the bearish narrative.

EURUSD H4 x D1 🔭

The Euro is basically the inverse of whatever price action DXY gives.

And as you can see , we're technically still short until 1.1700 is broken propelling the EURO upwards unto the next DOL 1.1800

GBPUSD H4 🔭

Similar to the Euro, the Pound Cable is poised to continue the bearish trend after a the 50% retracement made yesterday.

This could be a textbook pattern but we want to see price action show it's hand then we follow.

The logic is in place already and by London session we should see it play it most likely.

XAUUSD H4 🔭

After a 3 days long, 1500 pips bull run Gold drops significantly.

Further decline or a retest to go higher ?

The yellow metal is sizzling hot and it could make you feel hot if you were one of those who bought the top and saw it fall 500 pips down during the Asian session.

Typically Gold tend to have a bearish day in the midst of its rally and today might just be poised to be one.

3500 is a possible area Gold might reclaim, as we can spot an imbalance there but that would be possible if we close below 3530 which is the last bearish Swing Low.

Keep your eyes on this precious metal as we look for opportunities the Market might present

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Bearish Orderflow, SMT between $BC and $ET

Kaesyrn:
Bearish Orderflow, SMT between $BC and $ET

Moving as analysed

Good morning Achievers 🌅

Projections ahead of NFP tomorrow