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XAUUSD Gold daily breakdownLast day of the month and Gold is absolutely going for it, no news today so it's quite surprising we get this much volume on a monday but that's the markets for you What are we looking for? a close above the resistance levels will see us continue up going into the start of August, I still anticipate August to be a bearish month, whether this continues or not is hard to say but I am very firmly backing gold bears once I get confirmation of a rejection and closure below support levels. The Area of indecision worked as expected with price finding a support outside of the typical levels, so we need to watch carefully as it could be a fakeout before the larger move down.
OANDA:XAUUSD
by FriesianFX
BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new BTC update. Finally, after a long consolidation, BTC breaks down the range. It breaks down the important $29.5k support which is holding it for the past 1 month. Currently, it is trading around FWB:29K level. From here I'm expecting a small bounce up to $29.4k-$29.6k which is a perfect bearish retest. After this retest, it again starts falling and might drop up to the $28.2k level. Invalidation:- If it breaks above the $29.6k level and again back inside the same range then the bearish scenario will be invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
8
Gbp/Usd Reaches Fair Value.Gooday to you all. Gbp/Usd Reaches Fair Value. Today's idea is around the British pound vs The US Dollar (Gbp/Usd) We spotted fair price for the fX/Currency pair that we believe will produce a potential buy opportunity for the pair. We will buy the pair should we we have a 1hr candle close above the identified price zone at 1.28200 with profit target set to 1.29300 Use adequate risk management if you are to execute a trade with this analyses. Enjoy and happy trading! We are the #ExodusTradingDesk.
Long
by ExodusTradingDesk
BTC UPDATE! DUMP INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new BTC update. BTC is currently trading around the $30.2k level. As you see in the chart, it is forming a bearish pennant in 1hr time frame. It already breaks down this pennant and a retest is also done. According to this pattern, we might see a big sell-off today. If this pattern plays out accordingly, then we see a dump up to the FWB:29K level from here. Invalidation:- If the hourly candle closes above $30.5k then this bearish pattern will be invalidated. What do you think about this? Do you also think that we see a dump from here or do you think that we pump from here? Let me know in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
1