The candlestick looks a little better than a few hours ago, but for now I think it is moving into a pullback. The gold market was slightly red during Thursday’s trading, but seems to have turned around and is showing signs of life again. The gold market is definitely negative and has been for some time. But we’re looking at a market that has to have work on Friday, so obviously that has a lot to do with the US dollar. Advertisement Ready to trade gold? We care about you! Begin! The candlestick looks a little better than a few hours ago, but right now I think it’s dragging the work down. After all, many people are worried about the possibility of surprise, so we can knee-jerk react to the increase. I think this is a good selling opportunity because, frankly, the US dollar is going to remain very strong going forward, as are the exchange rates. However, it is worth noting that the market does not necessarily have to crash all at once. In fact, it is probably more likely than not that it will move to the $1,600 level in the next few sessions, if not the week. Try to find short opportunities I like fading rallies and this market will not interest me for long. Remember that when you buy gold, you are essentially shorting the US dollar, and while you can argue that the US dollar is overbought in the short term, the reality is that the trajectory is still the same. Therefore, it is very likely that when the market rises and then shows signs of exhaustion, many sellers will be ready to jump. Additionally, the $1,680 level remains flexible and is likely worth watching as the 50-day EMA is also in place. there. So I think it will be very difficult to break through there and the path of easier resistance is down. That doesn’t mean we’re going to suddenly become bearish and aggressively dominant, but I think it’s still a prison through which to look at this market and find short-term opportunities.
DAX Forecast: Plunges but then Recovers for Thursday Session
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