Gold prices attempted to break below the $2016.90/oz support line on Thursday, but prices rebounded from around this level and approached minor bearish channel resistance. Notably, the 50-period exponential moving average (EMA) meets this resistance, adding to its resistance. We are currently waiting for gold prices to resume their bearish trend. The first target...
The price of gold has maintained a weak oscillation within a narrow range this week, with the center of gravity shifting slightly downward. The weekly long trend remains intact, but there are signs of entering a short model on the daily line. The price of gold is currently running below the watershed of 2049 US dollars per ounce for this week's long and short...
This year looks like is may be bearish for EU (based on weekly analysis). - Last quarter (2023 Q4) looks like it's a pullback after a very bearish previous quarter (2023 Q3) that took the prior two lows from a bullish run starting 2022 Q4. Long term has also been very bearish. - 2023's bullish run left a huge imbalance in the 0.99-1.03 price range. There is also...
if price break that resistance 4.18,it should begin next rally
Dear friends, gold is currently affected by geopolitical conflicts, which has led to a surge in risk aversion in the market, thus stimulating the rise of gold. Gold has reached its highest level near 2054 and is currently trading near 2050. From a technical perspective, gold has now broken through the downward channel, and the bullish energy has regained its...
NZDCAD is trading within a wide horizontal range. After a test of its resistance, the price formed a head and shoulders pattern. I believe that consolidation will continue and the price will most likely drop to the support of the range. ❤️Please, support my work with like, thank you!❤️
At least temporarily. When I look at this chart, I see imbalanced price action all over the place (purple boxes). And as we know with the smart money strategy, price will sooner or later make its way back into these areas. So, my thinking is, if we get a break of structure (dotted line) followed by a re-test somewhere close to the imbalance above that area, or...
↪️The 📈EURCHF pair has recently experienced a significant downward movement, resulting in the formation of a symmetrical triangle pattern. However, there has been a bullish breakout above the resistance level, indicating that buyers are gaining strength. This breakout suggests a high likelihood of a continued upward trend...Trade safely
ADA has been on a strong bull run since October of this year and we've finally come to the end of a measured move and three legs up. Are we gearing up for a reversal? How do we trade this? 🤔 We don't have enough evidence for a short entry just yet, but we do have some key data points in our favor. We've completed a measured move to the current price, had three...
Dogecoin, along with the rest of the crypto market, had a severe bear response to Bitcoins completion of its measured move. Are we in for another leg down? How do we trade this? 🤔 I don't think it's reasonable to short here, not yet at least. We need a little more recovery from the first sell-off toward the Resistance Zone at $0.0865. If we get a sell signal...
Ethereum has shown great signs of bull strength as Bitcoin and the crypto market burn hot into this bull run. The time for entering longs on the higher timeframes has likely come to an end. So is it time to short? How do we trade this? 🤔 ETH does not have any sell signals yet, but we did just break into a major resistance area at $2,500. With four pushes up,...
When CPI released we saw a run on highs. Price came back to an order block on the 1hr (2045). After we saw that run, 2017 was the target for liquidity. As expected we'd see a run on lows now I am bullish toward 2062. Need to see price breakout and create a new high, we'll see how London plays out.
+ 1.) weekly structure bullish 2.) 2 strong weekly rejections 3.) daily divergence 4.) strong daily rejections 5.) strong 4h fake out 6.) building 4h liq. we can expect a small pullback to 0.66906 or 0.66816 before pushing higher!!!
WTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported....
We've seen a nice pullback on NZD/USD into a prior volume cluster, false break of 0.62 with a doji and a bullish divergence with the RSI (2). Assuming US CPI doesn't surprise to the upside, this looks like a decent swing trade long setup. Although a risk-on vibe and broad USD weakness is required to make it work. Take note that 1-day implied volatility is 2.5x...
I think with btc selling off with the ETF trading beginning it is a good chance for some alts to puke and pull back. Technically counter trend and Solana is very bullish but just looking to catch a quick wick down to 77-83. Tight stop as usual.