There was a major breakout on daily and 4 hrs chart, the move is not completed.
What we are seeing now is a pullback to weekly CPR - monthly S3 value top (that is where DM projection sends it), a short term bearish counter-trend move.
From there I would look for a great long setup.
Top Absolute Correlation
1 XAUUSD - XAUEUR 97.7%
2 XAUUSD - XAGEUR 93.2%
3 XAUUSD - XAGUSD 90.9%
4 XAUUSD - USDJPY -90.6%
5 XAUUSD - AUDNZD 87.3%
6 XAUUSD - XPTUSD 85.6%
7 XAUUSD - EURHUF -83.0%
8 XAUUSD - GBPSGD 82.9%
9 XAUUSD - GBPNOK 82.7%
10 XAUUSD - AUDSGD 81.8%
What we are seeing now is a pullback to weekly CPR - monthly S3 value top (that is where DM projection sends it), a short term bearish counter-trend move.
From there I would look for a great long setup.
Top Absolute Correlation
1 XAUUSD - XAUEUR 97.7%
2 XAUUSD - XAGEUR 93.2%
3 XAUUSD - XAGUSD 90.9%
4 XAUUSD - USDJPY -90.6%
5 XAUUSD - AUDNZD 87.3%
6 XAUUSD - XPTUSD 85.6%
7 XAUUSD - EURHUF -83.0%
8 XAUUSD - GBPSGD 82.9%
9 XAUUSD - GBPNOK 82.7%
10 XAUUSD - AUDSGD 81.8%