Technical Analysis
Gold starts 2023 with a new breakout. Welcome to 2023 traders. We hope everyone had a lovely holiday period.
On the first trading day of the year, gold buyers are setting the tone with a new breakout and setting up a new trend continuation.
Risk markets continue to trade mixed with some gains on stock futures while major risk currencies are trading lower to the USD and sharply lower to the Japanese Yen.
Today's video analysis, we look at gold's price action so far today, its pattern break, and we look above to potential key resistance levels we are looking at. Will we see buyers continue to push today’s breakout? Could we see 1876 resistance tested in the future?
Good trading, and happy 2023 to all.
EUR/USD +5.42% 12/16Entered this oversold position early this AM. think it was like 7:15 CST (got into work early) had inventory starting at 730 so set a lower profit target but had profit/risk at 1.5 made a nice little $57.50 off 50,000 units (~$1,060 USD) while I was away doing my work. Checking back in & think I planned accordingly for current market behavior. LMK what yall think for tips/ tricks/ recommendations please! :)
EUR/USD overbought short +9.4 update So it looks like EUR/USD continued down as I predicted before. Profits could have been tripled but oh well, can't predict the market to a T. If you guys have any ideas on how to time my trades for entries/exits better please let me know! I love any feedback anyone has :)