10/8 GLD Where do institutional investors look?
Students in the editing course are delivering outputs steadily every day, and as a result their skills are advancing dramatically.
There are already some people for whom chart reading has become at a normal level.
Now, about GLD, the line posted on 9/30 is still alive.
https://www.gogojungle.co.jp/mypage/display/navi/article/127113
Since a few days have passed, I’m updating how the lines are drawn, but yesterday, in the online community “The Path to Becoming a Part-Time Professional Trader,” it was posted that going long is still early.
There is a solid reason for this, which you will understand once you take the course.
There are three candidates, and at some point we will stop somewhere in advance and inform you of that.
10/7 14:15
Good work everyone.
Gold rose slightly yesterday, but it feels like the upside is weak with nothing special.
Even on the daily chart, it also looks like a descending triangle with lower highs.
There is a possibility of briefly breaking below the prior week's low, so going long is still premature in my view.
Here is the subsequent chart.
From the top
4110
4090
4074
I was expecting a rebound at one of these levels.
Initially, it swept the lowest line down to 4066, took the stop loss, and then rebounded.
Clearly, this is algorithmic price movement.
That error is only 8 dollars
However, as of 10/9 8:30, it is still too early to go long at this stage.
It would be dangerous unless a bit more pattern forms.
We must also consider further downside.
If you take the course, you will understand where the rebound will occur beyond that.
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