Please if you found this helpful drop a like and follow, let us discuss it in the comment section. To me, this trend looks like expanding and also counting the ELLIOT wave inside the trend. We should be looking for a buying opportunity if the price continues holding the particular zone
Price has reached a break out. It is in the final phase of re-Distribution and it has revealed its major sign of weakness thus we are looking for shorts.
Can I just say WOW at the rejection at the 200MA ?!? Honestly this is playing out how I would like to see the market. I recognize a price action candle, the shooting star. The shooting star often occurs when the market is buying and begins to react at some level of resistance. I am identifying my level of resistance as the 200MA. I would like to see todays...
Mixed PMIs and US-China tussles probe buyers in the pair which is likely extending sideways grind above 55-EMA support. Break below 55-EMA will drag the pair lower. Resumption os upside will see test of cloud base resistance.
BTC is holding the price at the major support not closing below the major monthly support, he tested it and moved below and returned back to the support price which shown that BTC may actually be trying some retracement of some bullish if the bearish impulse fails in the next coming days. My advise for those that are willing to invest on BTC should start...
(((Since I value your time, I always provide a concise summary - feel free to request more))) Here, I expect that the price will rise to 40297, then 41062, and possibly 41511 before the end of the trading day. Valid until 16th April For your trade: The supports and resistances are evident; just check their repeatability:)
Technical: The near–term support is around $1950, The yellow metal faces strong resistance of $1970, any breach above will take to the next level $1982/$2000/$2020.
Gold hits a fresh 8-month high as geopolitical tension intensifies. Russian President Putin has announced military operations in Donbas and explosions heard in Ukraine cities of Odesa, Kharkiv. The increase in demand for safe-haven assets is pushing the yellow metal higher. US 10-year yield lost more than 7% from yesterday's high of 2%. DISCLAIMER: ((trade...
Factors to watch for gold price action- Global stock market- Bearish (Positive for gold) US dollar index –Bullish (negative for gold) US10-year bond yield- Bullish (negative for gold) Technical: The near–term support is around $1780, violation below targets $1750. Significant reversal only below $1750.The yellow metal facing strong resistance $1820, any...
GOLD (XAUUSD) again bearish or soon breakout? We can expect breakout and huge pump here too and on daily charts , it is more clear. But in lower time frames we can see that correction and local fall is also expected like the red arrow on the chart. DISCLAIMER: ((trade based on your own decision )) <<💚💚💚💚💚💚💚💚press like👍 if you enjoy💚💚💚💚💚💚💚💚💚💚>>
EURUSD has been falling within a falling channel for more than a month. The pair is still showing strong bearish signs as it just broke below another consolidation and fell near the top of the falling channel. Wait for pullback towards the supply level around 1.1560, between FR50% and 61.8%. Target profit aim for 30 to 50 pips.
The gold climbed further at the beginning of the week, following a strong bullish rebound from last week. By now, there are multiple breakouts of falling trendlines and highs which also resulted in the formation of higher lows and higher highs. We will wait for an opportunity to buy the pullback, expecting the price to retrace to 1755 - 1750 demand level. If it...
Nasdaq along with other US stock indices has been recovering a big chunk of losses since last week. However, obviously, we are not out of the wood, and if we ain't, do we sell or wait? There's still a pretty good chance we see the market tank for a second time and one of the reasons is that the pullback is still well lesser than 10%. If you go back and look at...
Oil rebounded and recovered losses from last week but is once again resisted at the top of the entire symmetrical triangle. Commodity prices have been somewhat cooling off a little as China clamps down on hoarding of supply which could somewhat cool off the oil market for a short while. Traders may consider selling at the range top now with very limited risk on...
Gold has been rising within a 1.5-month rising channel and the top of the channel was somewhat breached earlier this week. However, gold struggled to make another jump as it was actually resisted at the top of another rising channel that's channeling out of the 1.5-month channel. By now, it is obvious that the gold is currently in the process of consolidation,...
Throughout the day, AUDUSD has been forming nothing but higher highs and higher lows. It has also broken above 0.7786, a neckline to the previous 2 lows. In any case, sellers are definitely looking very weak and buyers will be able to take over easily as it now finds support at the bottom of a rising channel.
The gold opened low but climb throughout the Asia session and reached the equilibrium level at 1856. The price has clearly broken above a 1-week resistance and may continue so within its current 2-month rising channel. Wait for a pullback to 1842 to buy in again, targeting the equilibrium level at 1856, and then the top of the channel at 1871.
EURUSD has found support yesterday at 1.206, a previous resistance just a week ago. Additionally, it was also supported at the bottom of a 1.5-month rising channel and a moving average. And since this week's market is range-bound, there's a better chance EURUSD will rise today from the bottom of the week.