Goold
Gold is bearish, as expected
I must try to do my best in the face of adversity. I've found that if I do this, things tend to get better quickly; conversely, if I try to run away or try to push the problem away, I get more and more anxious and it gets worse.
Yesterday the gold market was in range order. The market opened at 1977.4 in the morning. After the market opened at 1982.6, the market fluctuated and fell back. The weekly line reached the lowest position at 1968.6 and then the market consolidated. The daily line finally closed at 1971.6. The market closes with a small Yin line with an upper shadow line slightly longer than the lower shadow line, and after this form ends, today's market continues the range, at the point, the bottom 1616 is more than 1667 and 1670, and 1732 and 1730 are more There is also a stop loss follow-up near 1885 held at 1925. Today's market is 1978 short, conservative, 1980 short, stop loss, 1983, target 1968, and if it falls below 1962 and 1958, it is more prepared to leave the market.
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GBPCHF trade post Welcome to GODAL TRADING .
Todays post is a rare going forward of a entry post on GBP/CHF with an outlook of a short/sell.
This trade was based on several rejections of a major resistant level and a sequence of lower lows forming .
Once the most recent lower low was created a waited for a pull back to the recent support that was broken making it a resistant level . I then waited for my personal entry criteria for the expectation of a new lower low forming.
Gold ForecastingGold tacking breath after a big short last week, in 4H, gold start to create reverse head and shoulders to retest the upper line of downtrend line at 1750-1760, where also will retest the last support which will turn to resistance.
Technically: Gold still running in down trend until 1650 where is the down line of the trend .
Fundamentally: strength of USD and increasing of 10 years USD Yield is pushing on gold to more decreasing.
Good luck to everyone.
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Yousef Ali