Gold: Moving as Expected
Gold steadies, bulls eye fresh highs.
Gold steadies, bulls eye fresh highs.
Don’t mistake the 50-point rebound for strength — momentum remains firmly bearish.
Gold’s rebound from support looked promising, but a fresh bearish engulfing candle has shifted momentum.
The market is at a crossroads, and patience may prove more valuable than prediction.
Gold’s breakout below $3,355 confirmed the bearish trend, but price action now shows indecision.
My name is Frano Grgic and I am the author of the Forex blog GetKnowTrading.
I am an engineer who ventured into the Forex (foreign exchange) market in search of new opportunities. Believing that Forex offers a valuable avenue for additional income, I immersed myself in learning everything I could about this complex market.
Initially, understanding Forex was a challenge due to the abundance of unfamiliar information. Through extensive research and persistent effort, I gradually gained a comprehensive understanding of the market. This journey inspired me to share my knowledge and insights with others, especially those new to Forex.
To help others navigate the Forex world more easily, I started the GetKnowTrading blog where I explain Forex concepts in a simplified manner. My aim is to make the market accessible and comprehensible to everyone, regardless of their prior experience.