The never ending gold bullrun, global tension, cooling inflation are just one of a dozen driving factors.
Weaker Yen. Stronger US data after large inflation drop and large rate cut. Oversold previous months.
Correlation with USD. Stronger economy. Q3 higher inflation than Q2. Oversold since August.
Bullish Trend Confirmation: Higher Highs and Higher Lows: The price action is forming a series of higher highs and higher lows, indicating a strong bullish trend. Trendline Breakout: The price has broken above a long-term descending trendline, signaling a potential shift from a downtrend to an uptrend. Technical Indicators: Moving Averages: The price is trading...
Significant level to break, can either remain resistance or a new support. Good luck and happy trading everyone!
My day trading strategy capitalizes on trend reversals and high-probability entries using the Head & Shoulders pattern across multiple time frames, ensuring risk management with strict entry criteria and a high reward-to-risk ratio. With a focus on price action and disciplined execution, it limits trades to maximize efficiency and minimize losses. This approach is...