 Hi, my name is Liam Rowe, currency trader and trading coach at Trading180.com and welcome to this week's supply and demand forex and gold fundamental and technical analysis. And one welcome to you if you're new and a returning watcher. Don't forget to like, subscribe and share if you find the content that I provide every week useful. It helps the YouTube algorithm and it's a great way to support the channel and a nice free way to support the channel. Anyways, let's get on to our fundamental analysis for the week and looking at the week ahead. Minutes from the Fed and the European Central Bank will be in the spotlight next week while policymakers in Australia and Malaysia meet to set interest rates. Elsewhere, worldwide services, PMIs will be in focus as well as inflation rates for China, Brazil, Mexico, Turkey and Russia. Other important releases include US jobs openings, Canada employment data, UK monthly GDP as well as Germany factory orders and trade balance, Japan covered account and Australia building permits. So for the currencies that we do trade, for example, the US dollar, you know, the Fed meeting minutes are going to be definitely watched as well as the ECB. Also as well, if you are celebrating the 4th of July Happy Independence Day to you and from a trading perspective, tomorrow Monday should be probably a quiet day, a bank holiday. So not in the UK, but I think it's a holiday in the States. So it's probably going to be a quiet day and we're heading into summer. So summertime we tend to have low volatility as traders generally every year go on holiday not sure whether they can in droves this year simply due to COVID restrictions. But typically you have lower volatility markets throughout the summer because there's there's less traders at their desks. But if you do so, if you do see, you know, prices not necessarily moving anywhere or moving in tight ranges, then this is this is basically what the reasons why. Anyways, but hopefully there should be some market moving news, especially, for example, in Australia as well as, for example, Canada and the UK and the EU. So moving on to our technicals and a bit deeper dive into what's happened in the fundamentals last week and potentially in the future. Let's move on to the dollar index and the dollar index is a measure of dollar strength against various currencies like the pounds, the yen, the euro. And it's good to keep an eye on the dollar index because it gives you an overall picture of dollar strength or weakness against those currency pairs, right? So looking at this is confluence. We can see that since the Federal Reserve has hinted at hiking rates last week at I think the the FO is it their speaker? Was it their speaker that they did it at? Yeah, on the 16th of June, they've the market has literally seen that as a as a buy trade because hiking rates generally or should have the effect of appreciating a currency. So this is the reason why you're seeing this, you know, these higher highs being made. So just from a technical analysis perspective, we can get kind of get rid of that supply zone. And I always say to traders that there is no technical analysis that's going to stand in the way of fundamental analysis and fundamental drivers, as well as risk sentiment drivers. A lot of traders just keep trading supply and demand zones. What you're the whole point in this is to understand where value is future value is and current value as well. And understand that if the Federal Reserve are hiking rates and that is generally positive for a currency, then you want to really look for buy trades, right? You want to wait for demand zones, ignore the supply zones, no point in trading supply zones. I don't care whether, you know, prices do react from there and go down a bit. The point is, is that the path of these positions is to the upside. And you're more likely to get caught going, you know, going short or lose money going short. Then you are to go then going long because all the banks and financial institutions are going long, right? So you want to ride on their coattails. So the point and I guess where how you really look to trade the dollar index technically is wait for price to come down, potentially into a demand zone, then look for as confluence and then look for buy trades on the dollar yen, dollar Swiss, dollar CAD, for example, if that's those are the currencies you want to buy the dollar against. But getting into some fundamental analysis, what's keeping the dollar on track is the US state jobless claims post larger than expected decline. So applications decreased by fifty one thousand to three hundred and forty three hundred and sixty four thousand last week and Pennsylvania showed biggest drop in initial jobless claims. So applications for the US state unemployment insurance fell last week by one by more than projected breaching a fresh pandemic low and suggesting that this small dismissal, sorry, are are baiting as the economy reopens and labor demand rises. So initial claims in regular state programs decreased by fifty one thousand. So Labor Department Day Show on Tuesday, the medium median estimate in a Bloomberg survey of economic economies called four three hundred and eighty eight thousand initial applications. So, you know, the drop is in applications is consistent with improving business conditions and companies efforts to increase headcounts to meet the demand as the economy reopens. Yeah. So generally, it's positive. There was a decent positive number, employment number as well that came out on the Friday. So it's really about just continuing on potentially looking for pullbacks as in the short term anyway and look for buying opportunities. One of the things I also wanted to talk about was peak central bank support marks new phase for world recovery. And what that generally means is that we are coming out of the phase where gradually where stimulus is potentially a thing, almost a thing of the past, but it's going to be slowly reduced, right? So central banks are not necessarily printing money in front of them. In fact, they're looking to reduce the amount of money they print that supports the economy. And I went over this last week. If you watch last week's video, I did cover this. But also, we had an updated article in Bloomberg. And this was today, 4th of July. It's the beginning of the end of easy money. Why is that important? Because easy money is has the effect of devaluing a currency, right? So if you're devaluing a currency, which all central banks were doing during the during the virus, then you get generally weaker prices, but you get higher inflation. Now, the Federal Reserve and other banks around the world are trying to battle inflation due to their due to their money printing. And inflation is just basically devaluation of a currency. But what's interesting is that Bloomberg have a central bank outlook and how interest rates would change by the end of 2022. So they've got a bit of a map map, I'll zoom in a bit. And these are the expectations so far for hiking rates. And remember, I said that hiking rates generally has a positive effect on the on the currency and the expectation of hiking as well is like a buy the rumor sell the fact scenario. So if you expect a central bank to to high crates sooner, then another central bank that might be lagging behind, then the idea is to buy the currency that is looking or the bank that is looking to high crates first and sell the ones that are looking to high crates loss that are lagging behind. So at the moment, you can see on this map in this map, sorry, you can see that the UK potentially there's there's the rumor is that they may hike in 2022. Of course, we'll get on to the pound a bit later. But the Federal Reserve aren't necessarily looking to cut I'm sorry, high crates in 2022, but they are looking potentially in 2023 if if inflation and the GDP go their way. So at the moment, for me, it's the buy the rumor sell the fact. If you do get a bit of a pullback, which hopefully you should do, then it's literally looking at buying the dollar against the lagging economies. And for me, the lagging economies are the Japanese yen, Japan and Switzerland, the most lagging countries and banks that are lagging behind in monetary policy. So those are the pairs that I'm personally looking to trade against the dollar. If you are looking at short trades for whatever reason, then I would probably say wait for prices to come up to this high and look for a short trade, maybe in 93, 93, 40s, or if prices make lower highs and lower lows, yeah, so something like this. Then and you want to again look for confluence is not necessarily trading the dollar, the dollar index. But if you do see a confluence where prices do come up on the dollar index and then they start to sell off and you're looking for short trades on any other dollar cross, then that's what you're looking for as confluence. Moving on to the dollar yen and again, dollar yen. Again, I said this last week. If you check out last week's video saying that you can't expect from a fundamental perspective and fundamentals is what is driving the currency. Yeah, this is what drives the currency. Getting short, fine, that's OK from a technical analysis perspective. But how far do you think prices are going to go to the downside if you have one central bank that is hiking rates and another one that is looking to hold rates, the money is going into the upside. And again, I keep repeating to traders, it's not about the technical solely. You have to understand where the money is going and you can't understand where money is going. It's impossible to understand where money is going. If you don't understand fundamental and risk sentiment analysis in the in the medium to long term. Right. So yes, there was probably some money to be made. But the most money was made to the upside. This is how you can predict trends. This is why the trend is happening, because one central bank has the expectation of hiking rates and the other is holding rates, so the money is going to go. In fact, they're Japan and lagging way behind. So the Fed at the moment are in the lead. Hence the reason why this is seen as an absolute bargain and you're seeing prices go to the upside, I can delete this. And then what you're looking for now or what I'm looking for is a pullback to a demand zone and understanding fundamentals makes things just so much clearer when deciding on the direction that you want to trade in. Yeah. He's looking for a pullback if we can get one down into that zone there before looking at potential zooming in and looking for some long trades on a lower time frame or if that price, you know, that zone doesn't work out, then nothing has changed fundamentally, then just look for a lower zone. That's it. That's basically what we're doing is looking at bargain prices. Nobody knows where the market is going to turn around. No one knows. All we do is we wait for prices to come down into a zone. We think we want to be a buyer. And if the market agrees with us, hopefully they do. They thought it was a bargain here. Why? Because prices made new highs. So prices come back down here. Anyone who missed out on this bargain is probably going to look to buy in. And anyone who bought in here anyway, is going to look to add into their position, providing that the fundamentals and risk sentiment remain the same. So that's the probabilities, probabilistic nature of trading. I won't say again, it's not going to turn around here, but that's the idea. And that's what we look for when it comes to trading fundamentals with technical analysis. If you do want to get short, then you have to really kind of wait for proof of value, wait for the market to prove that there is some supply here. Also as well, wait for maybe some risk of sentiment, right? Meaning there's some sort of major outbreak in coronavirus, some sort of trade war. And then you're looking for a pullback into that zone. And then maybe a short there because the Japanese yen does well in a risk off environment, it's known as a safe haven currency. And so you can look for that as confluence. But while we do have the data supports the narrative, meaning that the data is supporting the dollar jobs, GDP are growing, then we should have the path to the leaf should be should be to the upside for now. Looking at the dollar Swiss, the dollar Swiss. Again, you've got a bit of a pullback on Friday. Many traders will be thinking to themselves, well, if the dollar is doing so well, why did the market pull back on the on the Friday? And this is just due to liquidity, right? When you look at and I was explaining to the guys in my private group, when you look at price and where it had gone for the rest of the for the whole week, you everybody can't be long, right? So you need you need sell orders to facilitate more buying. And if the retail trader is looking to buy, then generally, right, where are the sell orders? The sell orders are going to be above the market or below the market. That's what's known as liquidity. So what tends to happen is is first of all, we had a trending market all week, yeah? And so the smart money is known to make money from here to here. Then what you get is good news, right? Retail traders buy at highs because this would have been the market high. And then the smart money can just basically take profit and reload once prices come low, because who wants to buy prices up here when you can buy the dollar Swiss somewhere around here, right? That makes more sense, cheaper price. So it's it's it's it's just how the market works. It's not going to be all the time, but you have to understand where you are, the location of trading, yeah? So a given example, a quick example of what you probably would want to do when you're buying, when you're if you are trading news, what you want to see is, in fact, the opposite. If prices have been coming down, yeah, prices have been coming down like this into a demand zone. And then we saw positive numbers. That's when you want to look to buy. But when you're looking at buying at highs, how much higher is prices really going to go? The money and the liquidity is to the downside is stopping everybody out, drawing traders also into the short side so that they can do what? Buy as well as there is setting going on. And all they'll do is they'll wait and make the price to go higher, right? That's it. They can buy for cheaper. That's the mechanics of of trading the news, which I go into in a lot more detail in my private members group. Anyways, again, dollar is probably the one to buy for me. So pullbacks are welcome. If you're in that trade, you're probably not not not liking that and being stopped out on the Friday, probably scratching your head as to the reasons why, but from someone like myself, I'm looking for pullbacks, I'm not buying the expensive areas. So for me, the suits me quite nicely. If we can get a bit more of a pullback into this 91 area, 91, 80, 91, 40, for me to be a buyer to the upside. If you are looking to short for whatever reason and buy the Swiss franc and think that Swiss franc is a absolute bargain against the US dollar, then now pretty much is the time, maybe a bit of a pullback on a lower time frame before looking at getting short. Moving on to the dollar CAD, a dollar CAD again. For me, the CAD is also looking to high grades, the Bank of Canada looking to high grade. So it's not necessarily a pair that I particularly like, even though there was a supply zone and prices did come back up this week and then react from it and go and go short. For me, this is probably a harder trade to take. I'm not saying I'm even taking this pair. I'm looking for clear divergences, strength versus weakness. When you have strength versus strength for weakness versus weakness, it's not really a currency pair I look to trade. So for now, we do have a bit of a supply and demand zone. You probably may see some sort of range for now, depending on. Again, central bank policy, for me, probably the Canadian dollar, a bit ahead of the US dollar, but it's not really a pair that I would like to trade from a fundamental perspective. It's not really clear. But if you do want to get long or short, you're pretty looking at these zones in and around here. So the lower end being one, two, two, five and the higher end being one, two, four, one point two, four, eight, five areas or eight, seven areas for, you know, long or short trades. Moving on to the dollar, skip the gun, New Zealand dollar, US dollar and New Zealand dollar are actually seen as one of the currencies and one of the central banks from a monetary policy perspective that are going to high crates sooner than the then the rest, right? So again, I was saying last week that once prices came out at a zone, this was a zone to potentially look for a buyer trade. I wasn't interested in this currency pay, even though I am long on the New Zealand dollar against weaker currencies. But you can see pretty much what happened. Prices came down into its nice demand zone. And then we've got a nice potential buy. It would have been a tough buy, especially in the face of positive dollar news. But for me, again, it's not really a kind of spare. I'm interested in trading, but from a technical analysis perspective, it was a decent zone to look for any kind of long trades. If you are long New Zealand dollar, then that's really the trade. If you're looking to short the New Zealand dollar against the US dollar, then we do have a bit of a supply zone right there above you. But again, similar to the dollar cad, you have two strong currencies competing against each other. So for me, it's not as clear where prices should go. So for me, from a currency selection perspective, I'm not really interested in this currency pair to trade. Dollar, sorry, pound dollar. And again, there was a bit of weakness on the pound and again, some positive sentiment around the dollar. So you're seeing, again, the reaction of that right this week and the last week. Also as well, you're the the the pound, I think the pound, Haldane says, UK, a dangerous moment as inflation heads to 4 percent. And the bank, the Bank of English Chief Economist urges action in final speech. I think he's left now. So thinking on inflation, a central bank is starting to shift. Also as well, so basically inflation is becoming a problem, not just in the US, but all over the world due to the massive money printing that's been going on. So Haldane is warning about high inflation. Now, the problem that central banks have is that they also need the economy to grow, so they need economic growth. And so by having economic growth, you can, if you can, if you want to high crates, businesses can absorb high crates. If businesses are still struggling and they're not growing. And then on top of that, you want to hike borrowing costs and lending costs. Then it hurts the recovery. So central banks keep an eye on GDP and they really want growth. So if inflation is getting out of hand, they also need to see the economy growing. Inflation becomes a problem when the economy is not growing. It's what's known as stagflation. Now, luckily for the UK, they are on the growing path, the the recovery path. So it's really about a wait and see approach, I think that they're going to have. And the Bank of England governor, Andrew Bailey, came out last week in a speech and said that he is looking to potentially just look to hold and see what happens and wait to see what happens with inflation, as they think it is transitory. Meaning it's probably some sort of, you know, temporary spike. But let's see what happens. This pair, though, again, for me, technically isn't fantastic. I'd probably look for if I was looking for any kind of buy trade. Actually, matter of fact, that might look like a bit of a stop-hunt. Yeah, I think that was probably a bit of a stop-hunt there. And then you could actually see a potential buy. We don't necessarily trade stop-hunts or I talk about stop-hunts in this weekly video, but for the guys that are in the private member members group, that would definitely that definitely is a decent stop-hunt trade, if you are looking to go long on the British pound. But from a supply and demand perspective, we did come down into a decent demand zone. The zone has been used a few times. So not fantastic, but I think for me, I would rather probably look for this one three six area before looking at any kind of long trades. Personally, I'm not really interested in this currency pair, again, simply because you've got two strong currencies and two central banks that are looking to hike rates soon. So for me, I'm looking for a central bank that's looking to hike rates. One second to either hold rates or even cut rates. I don't think anyone's really cutting for now. So it's about anyone who's definitely looking to hold and lagging behind on monetary policy as to where my how I select my trades. But if you are looking at getting long pretty much now or just around that one three seven down to one three six level is probably the better area to look for any kind of long trades. I think personally, even though now is decent from a short trade perspective, I do like this this this one forty area one three nine fifty for a short trade. Technically, I just don't like it from a trade fundamental trade selection perspective. And moving on to let's move on to the the euro euro dollar. And euro dollar before we get into the euro dollar, just to let you know that the mentoring starts tomorrow. So enrollment starts July the fifth. And really, if you do want to take your trading to the next level, understand about how to apply fundamental analysis and really kind of predict longer and medium term trends. This really is the course for you as well as getting mentoring. Jump into the discord group. As well, which is which we basically start to, you know, just discuss on, you know, from from trades to general discussions and mentoring. Also, as well, you'll get access to the fundamental analysis spreadsheet, which really we go over our economic data. We rank our pairs. We can also choose the best pairs as well as look at forecasts. And then once we've done that, we look towards certain bank forecasts, like Citibank is about maybe about 10 banks. We look at the moment where we match our fundamental analysis with theirs for confluence Citibank being one of them. We look at their analysis. We also look at, again, various other banks, maybe about nine, 10 banks. MUFG is another one. So again, our mentoring opens my mentoring opens tomorrow. And there's there's hundreds of hours of video content, stop on manipulation, capture pain relief as well as supply and demand zone strategies. This isn't for everyone. There's a lot of work that gets it that goes into this. If you're one of those traders that think you're going to get a quick fix and just try and learn something in about a week or two, please don't bother. You know, save your money. Serious traders only if you've got the time to learn fundamental analysis. This is not some sort of silver bullet where you can learn it in like, you know, a day or two. This can take months to learn. This is not a shortcut course. This is not nothing to do with just technical analysis only. This there's a lot to learn. And if you can't put in a time and you're not going to put in the hard work, do not waste your time and do not waste my time. Right. So serious traders only. And this will only be open for a certain amount of time as well. Probably two two weeks. I mean, I might keep it open for because I do like to keep my group quite small and focused, so you've got a limited time to get involved if you are serious. So let's get back on to the euro dollar and the euro dollar. Last week, we did see prices kind of react off of this this zone here. But prices did go through that demand zone. And again, I talk about this all the time, right? There's no demand zone or supply zone that's going to stand in the way of fundamental analysis and the in Europe are lagging behind the the US. Right. When it comes to monetary policy, you've had the Fed talk about hiking rates. And in fact, the the European Central Bank of quite dovish, they're lagging behind with regards to their economy, etc. And one of the problems that they have is that euro area inflation slows below two percent in dips seen as temporary. In fact, that might actually be considered positive in the short term. But in order for the central bank to really kind of high crates or look to high crates, one of the things that they really need is for inflation to go above their two percent target and be they need the the economy to really kind of pick up. So Eurozone inflation called in June to temporarily ease concerns that the blocks economic reopening will fuel price growth, though economists expect the pressure to gather pace again in the second half of the year. And I would probably say the same. So inflation stayed below the two percent in June, two percent being their target. So it puts less pressure, I guess, on the on the Eurozone to have to want to raise rates or anything like that. But they are lagging behind central banks like the Federal Reserve, the Bank of Canada and the and the New Zealand Reserve Bank of New Zealand. So again, if you're looking to buy the US dollar and sell Europe, why would you expect this demand zone to hold? The likelihood and I say likelihood and the probability is that it probably would go beyond that demand zone because what are the smart money doing? They're looking to buy dollars, right? So you can't expect to start just buying at random supply and demand zones. That's just that's just not how it works. That's a lower probability trade. So that's the reason why that demand zone was taken out. So the path of these resistance is actually to the short side. So any kind of pullbacks look for potential short trades if you are looking to trade this currency pair, if you are looking to buy this currency pair, there is a demand zone, right? Again, my advice isn't financial advice. You can do really what you want not to say that prices won't be out from here because there's probably going to be some profit taking going on here. But in general, the the the smarter plate is to look for potential short trades until the ECB, the European Central Bank, really start to have more of a hawkish shift when it comes to monetary policy. But until that day, my bias would be to the short side euro dollar. And you'll see in this because this is pretty much what happened again. Once when the Fed made their hawkish speech regarding potential rate hikes. Look at what happened. This is exactly what happened. This isn't because there was a pin bar or an engulfing candle at this zone here that has nothing to do with anything. Prices move due to fundamental and risk sentiment analysis. Anyways, those are your choices. Personally, I do think this one 19 to six area, this supply zone is a really nice zone to get involved in potentially short. So as long as, again, if prices do come up there and the fundamentals are the same, then that's a nice shorting opportunity if you want to trade that pet euro yen, euro yen. I think the euro might suffer probably some a bit of weakness. I do like this zone, no down into this one 30 area from a technical analysis perspective. I'm not really a bullish on the euro. But if I was, it would be against the Japanese yen. So I'm probably waiting for any kind of pullback into this zone down here. The 130, 50s, 130s before looking at potentially establishing some sort of long trade. But in a in a risk off environment, the Japanese yen will do really, really well. So just be careful if you are looking to get long on this currency pair and we are in a risk off environment, because you should want to see prices start to continue going to the downside. For now, you've got two currencies that I think, again, are generally in the same direct going in the same direction from a monetary policy perspective, which should mean that you may want to enter into some sort of range. So that might be the range here or it might the range might basically start and end from here. But regardless of where the range starts and ends, this would be the area that I would probably look to establish any kind of long trades if I'm looking to buy the euro moving on to the Australian dollar, US dollar. And again, I think the Aussie, there is a Aussie the RBA central bank meeting, which is actually expected to be quite dovish. Right. They're not as as hawkish as the the Fed or the or the New Zealand bank or even the Canadian banks. So there are there should be it should be. But the analysis that we've seen from from the banks is that there may be potentially more downside potential coming into play around the seventy four, especially against the dollar being quite hawkish. So that's really the play. I don't know whether it's going to do that, whether it's going to go up or then go down, but it also depends on their speech. They are dovish as dovish as the as as they come out. Right. But if they're not, then you should see the Australian dollar start to move higher. It really just depends on the central bank's speech. So from a technical analysis perspective, if you are looking to continue on and shorting this pair, I do think that this seventy six zone is a really nice area to look for short trades. I do think there are better trades to buy the dollar against rather than the Australian dollar. But if this is one of the pairs that you do trade, then I do think that the poverty is resistance for now anyway, until the the central bank come out and they are either dovish, hawkish or neutral, probably to the downside. I am bullish on the Australian dollar against other currencies, though, not against the US dollar. So buying opportunities now or just down at the seventy four demand zone or looking for any short trades around this seventy six area. Australian dollar, Japanese yen. So again, nice last week was a nice buying opportunity around here. Prices did come back actually down into this demand zone, which is actually quite a wide one, but it was an opportunity to look for potential more buying in that zone. There for me, I do want prices to come down a bit more before looking at long trades. If I'm looking to buy this currency pair, simply because this area has been touched several times, and so I think the eighty two round number, I think. And just below that for me is a really nice zone, unless we create higher highs, higher lows, and then I'm looking for a pullback into a demand zone before looking at getting long. But I need to see proof of value before looking at getting long proof of value. POV, right? Meaning that this area proves to be a bargain if prices make new highs. So that's what I'm looking for from a short trade perspective. If again, there's some risk of sentiment in this zone, this eighty four fifty area and just to the eighty five eighty is going to be a decent zone to look for any kind of short trades within there. But as long as risk remains on the Australian dollar is the currency to buy. And as long as the the the RBA aren't too dovish on there this week with their speech. And finally, we've got gold and gold is probably looking at more downside. If the dollar is looking at more upside, we did get a bit of a bit of a pullback. But as you know, pullbacks are for traders to look to potentially sell. So let's see. We've got that one there. Yeah. So from this perspective, again, buying gold or selling gold really depends on whether you believe the dollar is going to go higher or lower or inflation, it's going to get out of hand. So if inflation continues to rise, even if the Federal Reserve are trying to talk down the dollar, I should say, talk up the dollar and try and increase its value to drive down inflation, if that's not working and inflation still starts to rise, then you could see this actually this could be a really nice buy or this could have been a really nice buy for gold. But again, you'd have to have that view beforehand. But as long as the dollar, the expectation for a higher dollar is on the cards and a rate hike, then money will probably continue to come out of gold as well. So this actually is a decent shorting opportunity, probably on the lower time frame like the hourly, for example, just look for some short trades here and for the guys in the group who are watching this, many of you will see a stop on above that level. The stop on set up is above this area, this 1800 area for a short. I'm not going to draw it out for the guys that are not in the group, but the guys that are in the group will know the setup. So really, really nice trade level coming up potentially on that hourly time frame for a short. And if you do want to get short on the on gold, which is basically just another way of going long on the dollar. And again, gold looking at the some fundamental news, gold heads for worst months since 2016 on dollar strength. Again, everything I was pretty much talking about. So Morgan Stanley sees metals below 1700 an ounce in the second half and non-vampires on Friday will be key key point of date of gold. So hawkish pivot gold heads for biggest monthly decline to hawkish, meaning that the the Fed are hawkish hiking rates. So yeah, it's it's not looking good for gold. You know, in the maybe the short term. But Morgan Stanley is saying 1700 potentially second half. So this is pretty much where 1700s are. So if there is any kind of trade to be had, yeah, that could actually be the trade. And again, you have to understand that the data, right, data must support the narrative, meaning that there's no point in getting short if if all of a sudden the you don't believe that the dollar is going to get stronger and the data that comes out for the dollar. So for example, jobs, employment, unemployment, GDP, if that starts to, you know, go down or is negative, then actually you want to start to buy gold. I guess it won't start to buy gold. But as long as the data supports the narrative, so as long as the the data supports positive dollar strength, GDP growth, inflation potentially is coming down, then you do want to look for potential short trades, that's going to be the path of least resistance. Anyways, guys, that's it for this week. Hope you guys have a great trading week. Again, don't forget to like, subscribe and share and the mentoring opens tomorrow. There is a criteria for you to enter. I'm not accepting any in anybody. Please adhere to that criteria when you when you join. If you don't adhere to that criteria, then don't be surprised if it isn't for you, because I've warned you, I've pre-warned you that this is not for everybody. Don't think that you can just come in and start making up your own rules and regulations and things like that. So adhere to the rules. Unfortunately, if this is not for you, it's just not for you. Look for there's hundreds and thousands of other courses and people that you could mentor you and good luck with that. But please don't waste your time. Don't waste my time if you're not prepared to put in the hard work. Anyways, guys, take care and I'll speak to you all soon.