Dollar Index

Its June now, and first week of each month, I called it the NFP week. Market will get erratic , in fact it is seeking liquidity. We all know the market is Controlled by the Algorithm and only being Intervene by Central Banks when everything seems abnormal.

But looking the overall bigger picture it could be that we are still in the Consolidation Phase as there is no news yet regarding cut rates untill Inflation and any economic indicator has stabilise.

Gold is also approaching the likelihood of a Bearish or continue consolidation. Both areas are being covered with innefficiencies and Order blocks. Currently at or near Equilibrium as Price may continue consolidate.

Dumb Money suggest as of currently that we Long on Gold. That might change after Friday's NFP. Nevertheless we can make use of these price swings to profit from it. Unless the Middleeast escalate again to affect the price of Gold which could pose further Up challenging the Buyside liquidity above 2450 on Spot market and Futures.

Crude Oil Bearishness seems imminent Drawn towards the Sell Side Liquidity. Again also pose a consolidation picture. There has been a lot of Uncertaintity in the market as of late. Its been how many years that we past Covid , but inflation still has larger impact on the Global scale.

10 Year yields also approaching possible turn to Bullish which vice versa affect Gold. Interesting week for this month. But my bias for Gold is always Bullish in the Long Run. Untill something change , then my bias will also change.