- After NF, many candles appeared to form the Dow breaking the 1830 resistance zone. Establishing a new structure above the 1830 level, the H4 frame showed a reversal signal, along with the flare-up of tensions in the Israeli-Palestinian conflict causing The outbreak of a geopolitical crisis will certainly cause panic about the need to buy safe-haven gold.
- The first trading session this morning created a large GAP gap, there will be an adjustment period to fill this gap.
- Treasury yields are high, this week will see fresh pressure from US Producer Price Index (PPI) figures and the latest Federal Reserve (Fed) meeting minutes.
Psychology, discipline and capital management are the three factors that make victory possible.
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Bank holiday, we should rest now.
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A positive risk tone caps gains as traders look to the FOMC minutes and the US CPI.