louis2209

louis2209

Following the expected interest rate hike in Japan due to Inflationary concerns and the slow down in rate for the CHF. Together with the downward trend. I took a sell at the retest of a broken resistance now turned support.

louis2209

Following Trumps inauguration, President Trump didn't speak on his supposed tariff hike which caused the DXY to sink and the futures market to remind steady.

louis2209

In anticipation to Trump 2.0 today and expecting the U.S president elect to re-afirm his position to raising tariffs which is inflationary and should cause the USD to rally. Technically - price is retesting a support level after a pull back breaking a counter trend line.

louis2209

On the daily time frame gold is in a descending channel and on the 1 hour time frame gold is forming a head and shoulder pattern to the downside

louis2209

On the daily chart gold is in a descending channel and on the 1 hour chart gold is forming a head and shoulder pattern, moving to the down side