Daily Market Outlook: BTC, DXY & Gold – Key Trade Setups (#5)

The market still seems indecisive, but I’m here to find the best trade triggers for BTC and Forex. Let’s break it down.

📊 DXY – Breaking Key Support
DXY has entered a corrective phase after breaking below the 107.335 support.

🔹 Key Support Levels:

1. 105.656 (Aligned with the 30% Fibonacci retracement)
   
2. 103.367 (Aligned with the 60% Fibonacci retracement)
   

💡 106.602 could act as a short-term support, and if it breaks, it might be time to focus on USD pairs for potential setups.

🟡 XAU/USD (Gold) – Retesting ATH?

Gold rejected its all-time high at 2937.91 and now seems to be retesting this major resistance.

📊 What’s happening?

Gold is still in an uptrend, but momentum is fading.
Smaller bullish candles vs. larger bearish candles indicate possible exhaustion.
A correction could be healthy, but shorting remains risky in an uptrend.
📌 Trade Triggers:
✅ Long Entry: After a confirmed breakout above 2940
❌ Short Entry: Below 2879.74 (High risk due to trend direction)

📉 BTC – 95K Support Breaking?

BTC is attempting to break below the 95K support. If this level is lost, we could see a move toward 92K, 85K, and even 82K.

📌 Strategy:
✅ Short Trigger (Activated): 95245 (Yesterday’s signal)
✅ If You Missed It: Wait for a pullback or a new structure before entering.

Final Thoughts
⚠ This is a highly volatile market – avoid chasing trades and wait for confirmations.
⚠ If you’re not using risk management, these setups may not be suitable for you.

I’m Skeptic, see you tomorrow with another market breakdown! <3