The Dow Jones plummeted in the New-York session. Gold is in the correctional phase. It is attempting to test the critical support level at 1445.20. Therefore, market participants prefer cash (cash is king). The USD Index is gaining ground. We see that the #USDX Candlestick is moving above the EMA 30 and the CCI (30) already broke 3 important level such as the bottom -100.0. USDX may reach the nearest liquidity pool at 103.82-103.92 levels. As long as the CCI (30) does not drop to the 0 level and the #USDX does not close bellow the 99.15, then the USD index may break 103.82.
The overall bias for the USD index is bullish.
(Disclaimer)
