Hi Guys, I am on holiday but I always keep an eye on this market. 1211.65 was touched 9 days ago and since then it is moving between 1220 and 1232. Today it tried for the third time to break the low but it only shadowed the morning star and yesterday candlestick made a green doji with long spikes which I think signify hesitation. I don't know if this is to be considered another bounce that will be stopped by resistence or something else but a nice move is overdue. After a period of indecision price has to make a choice. Support is holding but bears are still pushing down therefore stay alert.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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This is US Dollar Index (DXY) which may help to determine which direction GOLD will follow:
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This is the weekly chart of the precious metal and today is Wednesday:
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And this is the month just ended:
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DXY again but weekly chart:
