Now Gold I can see going possibly higher in current market conditions.

You sure about that, arrow pointing higher?

Well so far this morning Gold has follow-thru up, while $DXY is dropping - which is how it "usually" happens.

Today was a reversal day - open, traded down, but closed higher. Curious to see what happens tomorrow - any follow-thru(?) - since $DXY also had a reversal up day as well but 10yr yield had reversal day down.

U.S. PCE Core news release in 10 minutes (830am EDT) should liven things up a bit.

Trading with the trend leads to higher probability trades. HH's and HL's since early November.

Well 10yr yield keeps dropping so $DXY strength yesterday likely might have been a one day thing. Which inversely Gold benefitted from so far today.

Might have to reconsider bullish outlook: (The Chart Report) Today’s Chart of the Day was shared by Ian Culley (@IanCulley). The US Dollar kicked off the new year with its best day in nearly three months today, rising +1.15%. As you probably know, ...

Here is what I see on daily chart basis presently - higher lows look like trend might continue higher for some time:- And Happy New Year to you as well.

Breakout, real or fake? TWT

Huh? Don't you mean, if there is?

Hope no one got fooled by yesterday's up day that things have changed?

IMO only once QT is done, or close to it, can markets look to find a bottom.

In my retirement, believe it or not, I've gravitated to micro-scalping. Although not rapid-fire like yourself. Did one NQ short position of 3 contracts for +9.25 points 30 minutes ago, that lasted all of 19 seconds. Hehe

Trend not time tells me.

Well upper fib zone held all week ... until it no longer could today. Next stop lower fib zone?

Rips, nowadays, not dips. Though a short relief rally might be in the cards come Monday.

That is why I wait for the rallies to rip the long's faces off. Many times I get positive slippage B/A is moving so fast.

Ever since I started posting on my first trading forum back in the 90's (the TradeStation Forum) traders have been bemoaning that things have "changed and no longer any good like the old days". Shrugs. Hope everyone was short today and not trying to ...