WEEKLY FORECAST 1/12/24
Welcome to our first LDG Weekly Newsletter! I’m currently feeling great while writing this as not only did Man United win😁, but we’ve got some big things on the way for our Elite Group as well as a surprise announcement👀
Looking back at the charts, the DXY this week looks set for further moves to the downside which to me insinuates further USD weakness, at least for now. Overall we are still very much bullish on the M and W but I believe we will see continued pullback before the DXY continues upwards.
The JPYX looks to continue bullish after the week we have just seen. The M candle has closed and looks to continue towards the upside, potentially with a small pullback to start the week/month off. Overall however I’m expecting to see continued JPY strength.
Gold has been interesting over this last week but I am confident long positions and overall bullish bias will prevail. W and D look better now than they did at the start of the week for longs. Furthermore, we have an update regarding our gold trades which I’m sure you’ll all be happy to hear!👀
I (GFX) personally finished the week at a loss of -0.5% but had a profitable month of November overall, finishing at +2.5%. It was definitely a turbulent month with a lot going on in the financial world which meant I traded a lot less than usual.
As we look to the month ahead, December is the month where things start to die down a touch, as traders come off the charts to spend time with their families, so expect slower price action especially towards the end of the month.
As always, please stay honest and disciplined with yourself, don’t let yourself down with poor risk management or emotional trading, it will set you up for long term failure and at LDG we genuinely want you guys to succeed.
Enjoy the rest of your Sunday, see you on the charts!
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