9 green UP candles in a row and record highs each week, including the startt of this week. Betting on a retracement following through will remain a low probability bet until/unless this pattern is broken.
I was just scanning my chartss and here is one that stands out so a 2nd one for this week
. XAUUSD WEEKLY CHART
9 green UP candles in a row and record highs each week, including the startt of this week. Betting on a retracement following through will remain a low probability bet until/unless this pattern is broken..
A look at the day ahead in U.S. and global markets from Mike Dolan
Global investors got a reminder last week that the U.S. economic expansion is not etched in stone, even Wall Street is priced as if it was, and German stocks got another shot in the arm on Monday from weekend election results.
A string of soft readings from the U.S. retail and service sectors unnerved U.S. stock traders on Friday, with growing fears the disruption and uncertainty sown by Donald Trump’s new administration are forcing consumers and businesses to draw in their horns.