By Licia Leslie
October 29, 2025
Hi Shoppers,
We have a possible change in trend dragonfly doji created by yesterday’s action in the gold futures:
A dragonfly doji is a candle that signals the end of a downtrend. The futures traded right down to the Fibonacci support before bouncing and closing higher.
As with any change in trend signal we always wait for the confirmation which is the stock/futures to move in your new direction the next trading session.
So watch for the gold futures to trade higher today, over $4035 before hopping in.
Also, you may want to play it safe and wait for our Chair of the Board of Governors of the Federal Reserve System to speak.
Trade Review
I called $6800 and then $7000 on the S&P 500 Emini Futures, our high on Tuesday was $6944.75. Also Tesla (TSLA) I called $470 and $485, Tuesday’s high was $467.
Pay attention Shoppers!
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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