US Dollar Index Daily TF

DXY

None Farm Payroll outcome from 13:30 today

U.S PRIVATE NONFARM PAYROLLS (JUL) ACTUAL: 97K VS 136K PREVIOUS; EST 148K

U.S PARTICIPATION RATE (JUL) ACTUAL: 62.7% VS 62.6% PREVIOUS

U.S MANUFACTURING PAYROLLS (JUL) ACTUAL: 1K VS -8K PREVIOUS; EST -1K

U.S AVERAGE WEEKLY HOURS (JUL) ACTUAL: 34.2 VS 34.3 PREVIOUS; EST 34.3

U.S GOVERNMENT PAYROLLS (JUL) ACTUAL: 17.0K VS 70.0K PREVIOUS
looks like it is going to close below 104.018

The DXY has dropped 100 pips following the non-farm payroll results and is expected to close below 104.024, indicating a bearish trend. Consequently, EUR/USD, GBP/USD, and GOLD are likely to swing bullish. My area of interest is around 102.959, where I anticipate a rejection due to the presence of a -0.27 Fibonacci level and an order block. This should lead to a pullback before resuming the bearish trend to create new lower lows.


Gold 4hr TF
Gold is moving higher as a result of the non-farm payroll outcome. I expect this upward trend to continue until it hits my area of interest at 2,482, where I anticipate a rejection. After this pullback, I foresee gold resuming its upward movement to achieve a new all-time high (ATH).