XAUUSD Mitigated A HTF Swing High (Liquidity Pool) During Previous Day NY Session. Gold's Current Positive Correlation With The Dollar Index Supports Our Idea Of An Imminent Reversal Because Both Instruments Are Quantitatively And Qualitatively Poised For A Long Term Bearish Premise. Today's Short-Term Bullish Run Will Signal To Us The Last Kicks Of Two Dying Horses. The Federal Reserve Bank's Recent Interest Rate Decisions, The CRB Index's Recent Performance And This Quarter's COT Data (Atleast) Backs Our Anticipation For Overall Bearishness In Said Markets.
After Our Current Short-Term High Is Purged, Price Will Look To Reverse Strongly Anytime Between The First Few Days Of The Second Month Of May.
This Will Create What We Call 'Displacement', This Displacement Will Confirm The Beginning Of The Bearish Trend, Create A Premium-Discount Range For Us To Scout For Entries Within And Also Project How Far The Said Instruments May Go In The Said Direction.
After Our Current Short-Term High Is Purged, Price Will Look To Reverse Strongly Anytime Between The First Few Days Of The Second Month Of May.
This Will Create What We Call 'Displacement', This Displacement Will Confirm The Beginning Of The Bearish Trend, Create A Premium-Discount Range For Us To Scout For Entries Within And Also Project How Far The Said Instruments May Go In The Said Direction.