New Zealand NZ50 - Wherefore goest thou?The New Zealand NZ50G (gross) benchmark index versus some indicative major components: Spark telecoms SPK, Auckland International Airport AIA, and then the electricity generation utilities Meridian MEL, Contact CEN and Mercury MCY along with the NZX Utilities Index G55G - and last, but definitely not the least, is presently the largest New Zealand company Fisher & Paykel Healthcare FPH.
MEL
First XAU tradeHey, as you can tell from my title I'm new to the fam but I'm feeling gold and I'm feeling good.
My confluences for this trade were firstly, I noticed that price was rising on a bullish trend. As you should know if you're a gold trader that gold trades in levels. Right now gold is testing around the mid major level. Secondly, I drew my market structure just under the mid level for possible retest which occurred. Thirdly, I noticed that 3 bullish rev. signal candles tested the market structure. which indicated to me that price wants to continue in the uptrend. Don't get me wrong though, price is going to turn around in a major sell soon. I said what I said.
-bri