Hello traders ,
i hope you had a good week , i didnt trade this week because i couldnt tell which direction the market wants to go , Fundamentally speaking the price should be up but technically the price says it wants to go down.
despite a negative NFP For US DXY Gold failed to break above the 2000s resistance and currently the price is forming a head and shoulder Pattern.
the price also formed a change of character no more higher highs just lower highs for now.
if the price breaks below the green support i think we will see it go down to the 1960s.
what do you think
i hope you had a good week , i didnt trade this week because i couldnt tell which direction the market wants to go , Fundamentally speaking the price should be up but technically the price says it wants to go down.
despite a negative NFP For US DXY Gold failed to break above the 2000s resistance and currently the price is forming a head and shoulder Pattern.
the price also formed a change of character no more higher highs just lower highs for now.
if the price breaks below the green support i think we will see it go down to the 1960s.
what do you think
