Gold respected the bigger bearish channel. The resistance trendline got respected and gold fell again. If bulls want to take over again for 2400 ATH this channel resistance needs to get broken first. In the smaller picture we have a rising channel wich tested twice on the support side. Gold is hovering above a important support zone(2331-2327) were liquidity...
Gold broke out off the bearish channel so expecting a rise first towards either 2347 or 2361. Then we might expect a bearish move again. Resistance 2328 might hold and a posible fall from here directly. Priceaction is key! Resistance: 2328, 2346, 2362 Support: 2319, 2308, 2295
BTC broke a major support zone. Daily candle will close below the support zone. So we might expect a SBR. Fall can be expected. Target 53k and 45k
After the long bullish gold market gold tapped out around 2400 with a tripple top(H4). Gold managed to break below the neckline and a fall off gold happended after the retest off the bullish channel. Currently were moving in a smaller bullish channel wich cam from a bearish fall. Expecting bulls to weaken this week and another fall in gold might happen. If gold...
last friday gold suffered a big crash off around 1000pips in couple hours, leavins buyers perplex. The bullish trend support stopped the fall off gold for now. Expecting gold to retrace bullish, but all depend on certain support levels and the trend support. A clear break off 2325 would be bad for buyers and a posible reverse trend may start. If 2305 breaks then...
The current trend is very bullish. Fundamentals playing a role. Gold remains a safe assets during wars. In my last analysis i notified the montly timeframe were we cuyrrently broke out the major ranging market. It is posible that we will stay in a bullish trend for longterm with targets 2400 and 2500 in the long run. Priceaction remains important. Selling can...
Gold still pushing higher and higher. Is it posible were in a longterm bullrun? See update post montly timefram. Priceaction wise gold is showing a rising wedge wich can indicate a correction or reversal. Selling the high resistance off this channel can be done but is trickie against the main bullish trend. A confirmed break below this support channel and below...
Last week gold moved in a very strong bullish wave and tapped into new ATH. The big daily resistance trend got broken. Today it broke below this resistance trend. Structure build above this zone. Expecting gold to retrace bullish first and then a posible further fall towards 2225. Arrows are a posibility, not a signal. resistance: 2244, 2259(ATH) support: 2222, 2211
Last week 2150-2147 support showed it's power to traders. For now it's our most important support zone to watch out over. After FED gold spiked up and created a ATH sitting around level 2222 and the next day gold collapsed again towards 2155. I do think gold bulls maxed out at last 2222 ATH. In the long run gold will fall. Gold is retesting the breakout channel...
Last week gold formed a posible Symmetrical Triangle or descending triangle. Keeps respecting the resistance trendline and support trendline/zone. We can expect a breakout from both sides. But need to be aware off potential fakeouts. Wait for confirmation break on either sides and enter the trade. Upcoming week we have Fed Interest Rate deciscion on 20th...
What can we expect for gold this week. After the break off ATH sitting around 2150. GOld kept growing and growing up to 2195. There were almost no proper pullback in support zones. Sellers got wiped out very fast because off this. GOld is moving in a bullish channel atm. A breakout below can trigger a bearish correction. But all depends on were the breakout...
EUR/USD currently following a bullish channel. ATM testing a key support zone and also support trend channal. Were we can expect a rejection back to the upside. Focus on going long with targets:1.0970, 1.0990 Resistance: 1.0965, 1.1000 Support: 1.0918, 1.0892
Mentionend in my previous analysis that ATH will get retested. Gold hit the target! from 2090 up tp 2150 gold didn't proper pullback into support/supply zones. So many zones are fresh an untested. We bought the gold market all the way up. Atm ATH resistance keeps respecting. We can expect a cooldown for gold. Priceaction can confirm this. Divergengy also shown....
Last week friday ended either in disaster or very profitable market for traders. After the break off the bearish channel and retest gold went up 400+ pips in a short time leaving multiple resistance levels in dust. Especially the 2060 level were most retail traders expected a downfall(including me) got wrecked. It was because off fundamentals, but in my opinion...
Last week we managed to win the gold market with my great analisys. Gold broke the 2030 zone and tested the upper resistance level 2040. Atm gold is respecting a bullish trendsupport. In my opinion gold is not done yet with the bullish momentum. I am expecting gold either to break 2040's direct or fall back to around 2030 or the trendsupport and search for higher...
eurusd has broke outside the bearish channel and the retest already happend. In my opinion we have 2 scenerio's. 1. Price stays above 1.07937 support zone and seeks higher levels. 1.0888 already tested so expecting it to break above toward 1.0930. 2. if price breaks below 1.0787 we can expect a downwards movement again. Resitance: 1.0833, 1.0860,...
EURUSD has been folowing a downwards channel for a while. Managed to breakout the channel. We also have strong support zone around 1.0786. This gives us indication a bullish move can be expected short to midterm. Resitance: 1.0826, 1.0860, 1.0890 Support: 1.0787, 1.0755,
Gold managed to break the bearish trendline resistance. I have adviced members to buy the market on retest confirmation. Bullish targets are 2024, 2030 and posible 2040(depends) In the long run waiting for proper confirmation for sells around 2030 or 2040. But only if priceaction confirms it. Then we can sell the market for targets: 2020, 2007, 2000 Resistance:...