COMEX:GC1!   Gold Futures
2.6.24 I started the video cleaning up some issues on oil which I believe is going higher. This video is about the dollar which I think will trade lower but I'm not sure how much lower, and this market has an opening price trade suggesting it We'll go lower. After some discussion on that I went to the gold chart and I framed it for you... the details are fairly clear so I won't discuss it here.... and this may be a long trade for gold which has a two-bar reversal but I'm not sure how comfortable I am with the signal even though it could be traded for a long trade with a small stop. So let's take a look at it and see what happens. I am a big proponent of having an analytical view of the market as long as you have a discretionary point of view to study the markets that you're not so clear about... because of the market... and just watch it and get familiar with certain markets that aren't as easy to trade. REMEMER: The oil market is an oversold market with lots of negative behavior which is exactly what I would look for to become a buyer. The dynamics of gold are different from the dynamics of the oil market. Can you see why?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.