xuin7051 One strong candle shows intent. Big body, small wick, clear direction. Do not rush. Wait for the next candle. If the next candle does not break the strong candle, the market is agreeing. This is confirmation. For a buy: Strong bullish candle → next candle holds → enter on the high break. For a sell: … Read more
Gold (XAU/USD) remains supported despite pulling back from recent highs, as traders stay cautious ahead of the upcoming US Consumer Price Index (CPI) release. Although strong US Nonfarm Payrolls data earlier this week reduced expectations for a near-term Federal Reserve rate cut, the US Dollar has struggled to gain further traction. Softer jobless claims and signs of … Read more
EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1870 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming steady momentum. RSI has eased but remains above 50, indicating momentum remains constructive for the bulls. In the daily chart, EUR/USD … Read more