DXY: Healthy Pullback From Key Order Block

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DXY: Healthy Pullback From Key Order Block U.S. Dollar Currency IndexTVC:DXYmnmabroukw36ixπŸ“Š DXY: Healthy Pullback From Key Order Block πŸ“‰ πŸ” The Pulse: The DXY is reacting to a major order block after printing a new 52 week high. πŸ“‰ The first support to watch is the Fibonacci 38.2% level at 100.6. 🎯 The second key support is the Fibonacci 50% level and a major order block at 100.18. πŸ›‘οΈ A deeper pullback could extend toward the strong support at 99.5 and the rising trend line. πŸ“Š This correction is constructive for gold, as a cooling DXY typically provides room for precious metals to recover. 🟑 🧱 The Key Structural Boundaries πŸ›‘οΈ First Support, 100.6. The Fibonacci 38.2% retracement level. πŸ›‘οΈ Second Support, 100.18. A major order block aligned with the Fibonacci 50% retracement. πŸ›‘οΈ Major Support, 99.5. A strong support level that also aligns with the rising trend line. πŸ“ˆ Trend Structure. The broader bullish trend remains intact while the rising trend line holds. 🎯 The Verdict The current pullback looks healthy after an extended rally. A controlled decline in the DXY would be supportive for gold prices. The longer term bullish trend remains intact unless the rising trend line is lost. --- If you like my insights, follow and boost! πŸ™ŒπŸ’™πŸš€ 🎁 $15 TradingView Discount: πŸ”— https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix βœ¨πŸ’ΈπŸ€‘