Way over bought and requires some time to pull back.
(1) hour 50 EMA broken.
Daily BEAR Confirmation candle posted. More a move into next week.
The point at which the target sits is still a good point for the price to move higher on. Just the point a which a decent pull-back is situated.
It won't be a clear pattern. Gold and technicals haven't been friends of late and the correlation with the DXY is almost perfect recently.
MACRO is still the driver behind price.
A few other reasons for the thought in direction, but at 2 am in the morning - I can't be bothered going into it.
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🚨 REMEMBER TO JOURNAL ALL OF YOUR TRADES - BOTH DEMO AND LIVE. IT WILL ASSIST WITH THE BACKTESTING YOUR STRATEGY 🚨
📖 +📊 = 💰
USE A DEDICATED JOURNAL TO RECORD YOUR TRADING. 🔥
=========================================== ✅
⬇️
⬇️
⬇️
LINK --- 👀
(1) hour 50 EMA broken.
Daily BEAR Confirmation candle posted. More a move into next week.
The point at which the target sits is still a good point for the price to move higher on. Just the point a which a decent pull-back is situated.
It won't be a clear pattern. Gold and technicals haven't been friends of late and the correlation with the DXY is almost perfect recently.
MACRO is still the driver behind price.
A few other reasons for the thought in direction, but at 2 am in the morning - I can't be bothered going into it.
=========================================== ⬇︎
🚨 REMEMBER TO JOURNAL ALL OF YOUR TRADES - BOTH DEMO AND LIVE. IT WILL ASSIST WITH THE BACKTESTING YOUR STRATEGY 🚨
📖 +📊 = 💰
USE A DEDICATED JOURNAL TO RECORD YOUR TRADING. 🔥
=========================================== ✅
⬇️
⬇️
⬇️
LINK --- 👀