DXY D1 - Corrective Signal

DXY D1

XAUUSD experienced a substantial surge, mirroring the impressive ascent of US30, US100, and other ***USD-based instruments. This surge was prompted by a notable sell-off in the dollar, aligning with CPI figures that fell below expectations. The market displayed a strong, one-directional momentum, creating a powerful and widespread impact across various financial markets. Notably, the forex market witnessed this noteworthy movement, adding a refreshing dynamic to the usual fluctuations.

Possible corrections expected today, we also have UK CPI inflation figures to look out for, which will have and impact on the likes on GBP*** pairs.