we are expecting eurnzd to get down from this point we'll have to wait this hourly candle if it sustain below the point then we can take sell entry
EURCAD has good chances with the price action so for now as you can see there are chances of fall but if the fundamental hit the technical and price get sustained above the buy zone then we can take a buy trade
From a technical perspective, last week Friday saw a monthly candle close as a bullish candle of a level of support. We closed above the 50-SMA while at the same time maintaining a bullish structure (higher highs and higher lows) on the monthly timeframe. The daily timeframe saw another bullish candle close as we now trade between the 50 and 100-SMA.
NZDCAD can fall from this point as there is strong resistance which is stop nzdcad to get bullish and i have used some technical pattern and some price action into this NZDCAD
Gold is expected to move a further down more as the chart says a low of 1667 is expected
Gold prices are trading in a descending triangle, which signals volatility control. The downtrend line is projected from a high of $ 16,857.58 on June 16, while horizontal support is placed from a low of $ 1,815.73 on June 16. The golden bulls included a 20-fold exponential moving average (EMA) of $ 1,821.22. The Relative Force Index (RSI) (14), meanwhile, was...
On an hourly scale, the gold prices are trading in a symmetrical triangle that signals a slippage in the volatility. The upward sloping trendline is placed from June 14 low at $1,805.11 while the downward sloping trendline is plotted from June 16 high at $1,857.88. The greenback bulls are defending the 50-period Exponential Moving Average (EMA) at $1,828.75....
spot gold has reached the target . jump up we suggested to buy in mcx gold
Looking at the Monthly chart we can see a clear similarity in the price action from the present time to the previous ATH back in 2011. With HTF Resistance above us and previous attempts to retest those highs creating monthly lows since the August 2020 ATH I anticipate a potential SFP into the red box marked RESISTANCE before a move to the downside. This...
SLOW and ZIGZAG MOMENTUM in GOLD clearly denotes that underlying correction is going on. Wait for wave '54' completion this week and take your short position. WAVE '55' has potential up to $1450. CORRECTION in gold will continue till MAY2022
Gold tops out after printing a ATH back in August 2020 and then Trades within a descending channel printing Lower highs and respecting the top and bottom of the channel to contain the price action . A strong break outside of the channel in August 21 followed by a back test of the top of the channel in Sept and a healthy break to the upside after...
Voila - a skew 12y arc with Silver THe consolidation is related to the las tone, with importawnt differenece - is up stairs ans down elevator - BULLISH vs opp 2011 - entered from below, so a continuation b=pattern, not a typical bullflag per se - gradients clear, and spell $44 target - bouncing off RS!50? 0- funny that lines up with MICHAEL OLIVER's watershed
Compare to 2010/11 Similar structure from the pullback, BUT - entered from above, and the clues about the dump were in the chart on the approach - up the lift and down the stairs, hit the rSI50 and just sh@t it self This time, its up the stairs and down teh lift, so it IS a bullsish structure. Thre's a chance of it givinng way, but there isn't that great a...
GSR here Looks like a bullflag... but stinks like a failure. RSI is not being charged, it's being dragged south. Not funcitoning well. Sharp stabs north defuse a bullflag. Down the lift and up the stairs jacks the bulls and scares the bears So in keepign with a bullish BO on gold adn silver TRICKY little SUCKER - hiding bullishbearish candles n a bullish...
That does not look bearish. Yes upchannel, but steep for a bullflag, aacctually runnin asn arc with a inverse head and shoulders. Let's see. IT may fail, but I'm not sold on it being bearish and I'll def HODL
in USD Looks like a queeze up to COMEX open time is possible... Let's see. As I said last night.. there are enough features here to sow doubt in me that it's a bearish chart. I think could go either way, but I'm leaning 51/49 to go up. As @lukeytrags has been quite upset about, the goldies are capitulating today. I think that's the last scream of capitulation...
Copper got the memo! SHe's cycling through the bullflag channels on her way north in an IH&S Check that one out @whirlybard ! :)