the indice is going for a short term sell. the buyers momentum has lost its power. most traders are taking profits at this point but its going to start buying at 17.700.0
sl at 18.633.2 and tp at 17,700
this is a great opportunity for those who like to whole trade for long period of time as will get a chance to increase their positions for the long run.
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DXY is bullish and this has an inverse correlations with any currency pair ending with usd.
the price of gold over all, due to the bad negative news coming out about it, is set to go up because its a natural meneral resource.
African countries are lacing strict rulles around the trade of gold with other countries
the ger40 indecie broke a strong area on resistance 23 jan 2024, came back to retest on 31st and again13th -14th feb 2024. area 16800.s has turned in to a strong support area. and the current bullish candle shows there is lot of buying entering the markets
