New York Session Playbook: Buy the Dip Near 4355, Break Above 4382 to Trigger a Short Squeeze
Hello everyone! Today i want to share some macro analysis with you!
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The New York market opens at 9:30 a.m. Eastern Time!
Given the breakout with heavy volume on the 4-hour chart, any blind attempt to short the market by guessing the top without considering momentum is extremely dangerous. The trading strategy for the U.S. session must strictly adhere to the main principle of “buying on dips.”
Currently, the middle Bollinger Band (4,382) serves as the “line of life and death” for bulls and bears in the U.S. session. Once the market breaks above 4,382 with strong volume during the U.S. session, the bears will collapse completely, triggering a massive short squeeze rally.
If the shakeout early in the U.S. session brings the price back to the 4350–4355 range—near the high of the previous consolidation platform and the starting point of the rally following the shakeout—it will be an excellent signal to buy with the trend.
Enter a Buy position near 4355; TP: 4355–58; TP: 4390; SL: 4335
$XAU/USD(XAUUSD.FOREX)$$Gold - main 2612(GCmain)$
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The US Dollar Index (DXY) has broken below a key psychological level, falling to 100.081 (a significant drop of -0.23%). The DXY is testing the crucial 100 level. This downward break in the dollar is the direct cause of today's aggressive buying of gold by institutional investors; short-term sell orders are now invalid!
Markets are always moving - and sometimes, the best move is knowing what works for you.
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