Just a visual observation: isn't that quite a weight for one candle?
The lines, joining candlewick price points ... Looking at the angles one can 'type' behaviour. It's gotten rather steep.
I think it good practice to observe forex markets in tandem with others, say precious metals, crude, key indices etc.
Crude and silver are both up again & gold is currently jiggling below / nudging at key resistance.
I refer to these as market mechanisms, they work in tandem, like an undulating symphony of players.
With stocks weakening a further jump in gold to say 1317 or above might be just enough of a tip ...
Maybe not today ...
The lines, joining candlewick price points ... Looking at the angles one can 'type' behaviour. It's gotten rather steep.
I think it good practice to observe forex markets in tandem with others, say precious metals, crude, key indices etc.
Crude and silver are both up again & gold is currently jiggling below / nudging at key resistance.
I refer to these as market mechanisms, they work in tandem, like an undulating symphony of players.
With stocks weakening a further jump in gold to say 1317 or above might be just enough of a tip ...
Maybe not today ...