[April 16] Why move in a stagnant market? [As a GOLD Trader, featured on GogoJiang!]
Details here↓↓
https://www.gogojungle.co.jp/tools/indicators/74653
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Trading on April 16.
21:30
United States: Initial Jobless Claims 03/29 - 04/04 [Continuing Claims]
21:30
United States: Philadelphia Fed Business Outlook Survey April
21:30
United States: Initial Jobless Claims 04/05 - 04/11
22:15
United States: Industrial Production Index March [MoM]
22:15
United States: Industrial Production Index March [Capacity Utilization]
etc. indicators are awaiting release.
Trades are made taking those into account.
This time GOLD is in a range after a decline, as it seeks a direction again.
In the early stage, the movement tended downward with mostly bearish candles, but later more candles with lower shadows appeared, indicating support near the lows. From here, the trend shifted once, moving into a rebound phase centered on bullish candles.
Towards the middle, bullish and bearish candles appeared alternately, but price gradually edged higher, forming a moderate upward trend. However, the rally lacks strong momentum, with many small-bodied candles, giving an impression of weakness.
The first half and second half of the New York market show similar chart images.
In the early stages there was little movement, and later the market dropped sharply and then became quiet again, with no clear opportunities.
Compared to before, volatility was lower and losses were shallow, but there was nothing particularly notable and it ended.
Continue to enter mechanically without discretion.
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April 16 The results of the 30-second GOLD Auto-Matic FX trades
Since the market feel and analysis for GOLD overlaps, please refer to the 30-second GOLD non-discretionary scalping article.
Today's GOLD entry!! ✅?
The second leg of the trend-following strategy also has little opportunity.
There was a chance in the early stage, but the temporary decline didn’t allow for a big gain.
Then in the middle it was range-bound, in the later stage it dropped sharply again into a range, and like the first phase, there were no opportunities and it ended.
Continue to enter mechanically according to the rules, just as the Automatic FX name implies!
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Details of 30-second GOLD non-discretionary scalping
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The long-awaited second edition of “30-second” × “GOLD”!!
↓↓ Details of 30-second GOLD Auto-MFX here ↓↓
https://www.gogojungle.co.jp/tools/indicators/66726
Would you like to challenge 30-second charts scalping now?
Details here↓↓
