Remember everything we do on lower timeframe should be directed to the higher timeframe bias that when the highest probability opportunities are found , trading against higher timeframe direction will always lead to massive losses
Elliot waves analyst📈📉
XAUUSD 4H ... this week if wave 4 completes early we should remain bearish for the final wave 5 of wave (c) .. this will be great as we expect DXY to be bullish dragging USDCHF ,USDCAD AND USDJPY higher which means gold should remain heavily bearish
XAUUSD (gold) 1h .. we are still trading lower on gold try to complete wave 5 . There should be selling opportunities today for this pair and silver
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So the reason am not long or short long-term is because of the the current world events are unpredictable And the market is overall reacting for these news . So mostly the market is unpredictable also
DOLLAR INDEX (DXY) 1d ,,, the dollar is bearish which should be reflected on the stock market . But before price goes lower it has been mostly correcting for the whole month .I think this stance should continue until the issue of straight or Hormuz is resolved in full . If price in fact does continue correcting then we should expect any longterm movement on currencies pairs
Once you understand what dollar index is doing so your do the opposite on EURUSD on GBPUSD and do the same with USDJPY AND USDCAD
GOLD (XAUUSD ) AND SILVER (XAGUSD) and OIL (WTI ) these pairs are to be avoided if your don't know what your doing , first they are in a correction phase and any news positive or negative that comes from US IRAN conflict might cause significant price moves that is your in wrong side it will hurts you . Am using them as indicators fro now to gauge what the dollar index will most likely do