Hey Everyone, A great finish to the week with all our chart ideas playing out perfectly, as per our daily updates throughout the week. Yesterday we advised that we got the test into 2380 weighted Goldturn support, after the rejection from the top. We also got the cross and lock below 2380 opening 2359, which was also hit perfectly. We then stated that we needed...
Yesterday, XAU/USD continued its descent and dropped to the 2350-2355 support zone without retesting the 2390 broken support, indicating selling pressure. At this moment, the market is correcting to the upside, which should offer bears better entry prices. The best zone to sell remains 2390-2400; however, if this zone is not tested, traders should look for lower...
AUDUSD broke and closed below a key daily support. The broken support turned into resistance now. I think that the pair has a potential to drop lower after a retest of a broken structure. Next goal - 0.6475 ❤️Please, support my work with like, thank you!❤️
Yesterday, the market reacted to news reports by rebounding from the resistance level and subsequently reached the target zone at 2353. It also bounced off the support level, forming long-tailed bars, which indicates level rejection. I anticipate that OANDA:XAUUSD may move toward the key round number at 2400. Given the upcoming news today, there is potential for...
Good morning gold gang WHAT A DAY it was yesterday snagging over 200 pips from the market capitalising on the volume and strong zones. Well done all! bears are still in control after a push up in asian session, if this current zone breaks buys are possible but essentially i would want to sell at a better price close to the trendline the daily engulfing zone at...
USD/CAD is currently trading around the 1.3850 resistance zone, a level that has been tested repeatedly since September 2022, each time resulting in a decline. However, this year, after testing this resistance, the bears haven't managed to push the price down to its previous support levels. Instead, a higher support has formed at 1.36. The recent rise from 1.36...
As expected, GBP/USD broke above the 1.2850 resistance level and surpassed 1.3. A correction followed, and now the pair is back at support, possibly retesting this level. However, the inability to stabilize above 1.3 and the fact that the DXY (US Dollar Index) experienced a false breakdown is not very reassuring for bulls. A break below this support would...
BREAKING NEW: TRADERS, who's ready for the second move? It's been confirmed with price action BITCOIN will continue as I've searched for trend continuation. Smart money contraction with value line: this means the trend gets pushed down by smart money then the trend must rise. I've laid a Bear Trap in case there's one. The red Smart Money trendline is a smart...
The price perfectly fulfilled my last idea. It hit first target at 2430. OANDA:XAUUSD has broken below the critical 2400 level following the release of unfavorable news for gold. Given the current momentum, I think it's likely that the market will retest this lower levels. I anticipate that the price may even drop below 2350 to absorb any remaining liquidity....
Hey Everyone, After completing the range target yesterday at 2421, we also had ema5 leave a gap to 2438. We got the push up into the range but left the gap short before the rejection. This is why we always buy from dips and not from the top. We got the test into 2380 weighted Goldturn support that we stated yesterday. Cross and lock below 2380 opened 2359, which...
End of day update from us here at KOG: Yesterday we said we would want to short into the level below and see if that level rejected, or not. Based no the reaction we were either expecting the range, or to get in again for the short trade. Early session gave the move and broke support, many of us missed it, some of our lucky traders were awake to take it, but...
As I promised in the previous post, I am doing a more detailed analysis and positive variant and completion of the correction. Having selected a lot of fractals, about 20% of the low after the previous high made a deep correction (more than 50%) and these movements were impulsive with a quick return. In our case it will be a break of the channel support line and...
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 104.900 zone, DXY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 104.900 support and resistance zone. Trade safe, Joe.
👉Gold could continue its decline this week. 🔰Reasoning: ⭐It has hit the upper arm of the wedge pattern on the daily timeframe and has also broken the BULLISH trend-line on the 4-hour timeframe. ⭐It is trading below the key resistance zone of 2426.352-2434.733. 🔰As a result: ⭐It could continue its decline to the targets of 2368.522 and...
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2340 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2340 support and resistance area. Trade safe, Joe.
Gold Market Breakout Gold has broken out above the key resistance level of $2374, suggesting a potential continuation of the uptrend. This breakout is accompanied by a complex technical pattern, consisting of an inverse head and shoulders pattern and a bullish expanding triangle. Inverse Head and Shoulders Pattern: Left shoulder: Formed around $2366, with a...
Yello, Paradisers! Have you noticed how bullish #ETHUSDT has been since testing the range lows? Let's dive into the details! 💎#Ethereum is currently forming a potential inverse head and shoulders pattern, indicating a significant bullish reversal. However, it stands at a crucial juncture, facing both the neckline resistance and the descending resistance at the...
Dear Colleagues, It looks like price has completed an upward five-wave momentum move and is now in an “A B C” correction. Therefore, I expect the price to reach the area of 50% Fibonacci level 2439. I will then expect the price to decline. Manage your capital correctly and competently! Only enter trades based on reliable patterns!