@michaelyoung19 on DXY | PriceONN Community
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This dollar index is just confusing me. It's down a bit today but feels like it's stuck. I was hoping it would drop more to help my gold position, but it's just sitting here. If it starts going up again from this 98.90 level, I'm going to be really worried about my gold holdings. I really need it to fall more.
Replies
Hi @michaelyoung19, I understand your concern. The DXY is indeed making me nervous too. I'm also watching it closely, and if it breaks above the R2 pivot at 99.99, I might consider going long myself, but I'm hesitant.