(1) Support and resistance
(1.1) Price action resistance @ Previous roll reversal resistance and support is at WPP. Im looking to enter at FIB 61.8 which would be a perfect entry technically to support a strong reversal pattern of a 123. Im hoping the DXY H4 falls bringing the stoch to oversold technically giving me a setup for a long on my XAU entering ideally at 61.8, also paying close attention on fundamentals that could affect my positions
(2) Markets
Markets are currently sideways at most 21/55 with a falling 21.
(3) Price
(3.1) Price is currently bearish 5/8 Looking at clearer reversal patterns on lower time frames. Also keeping an eye on the 55 EMA if price comes off it leads to a potential triple top.
(3.2) Stochastic are currently at the overbought area