Gold is testing a new low and updating the low. Price is forming a bounce and testing trend resistance, but more likely another decline may be formed which will further weaken the price.
TA on the high timeframe:
1) We should consider 1902.87 as a medium-term target
2) Yesterday's daily candle formed a strong enough signal to fall - a shakeout was formed (a...
FX:USDCHF pinches the local bottom at 0.85797 and makes a false breakdown, which realizes the countertrend potential at the moment of dollar strengthening. The price strengthens to 0.87779 and forms a setup that can continue the price growth
The bearish trend is still valid on the chart. The price is trading under the descending resistance. Pay attention to...
OANDA:XAUUSD is testing a key liquidity area after breaking triangle support. The price updates the global lows and confirms the presence of an ongoing bearish trend
The price fails to reach the support at 1912.7 and forms a rebound. Most likely the target of 1912.7 is still valid, but before the support is retested the market needs more liquidity and for this...
Gold finally breaks the lower boundary of the bearish channel. The market is forming a 0.6% impulse drop and the price is testing 1914.4. Technical pullback may fix the price in the zone for selling after which the fall will continue
TA on the high timeframe:
1) Breakout of the range support forms a strong impulse. The way is open for a decline to 1892
2) Price...
EURUSD is forming a reversal setup after a false breakout of the daily support level. The price may experience an attempt to change the local trend
TA on the high timeframe:
1) A false breakout is formed. The global correction may be over at 1.09526 level
2) Price is testing the liquidity area of 1.1200
TA on the low timeframe:
1) Price is breaking the bearish...
OANDA:XAUUSD is forming a setup that can accumulate the potential to continue falling. The price is testing local support and forming a rebound before further decline
The global bearish trend continues to develop. The price failed to pass through the 1980 area, forming a false breakout of the resistance area.
A downward price channel is formed on the chart,...
Gold is reducing its volatility and continues to consolidate at 1933.9. On the global timeframe, support at 1938.9 is broken and preconditions for further decline are forming
TA on the high timeframe:
1) False breakout after correction. The level of 1938.9
2) Liquidity area. The price is forming another retest.
TA on the low timeframe:
1) A situation of buying...
OANDA:XAUUSD is still testing trend support and testing the market reaction. The price is not able to grow at the moment and continues to update local lows
On the futures market, the price failed to pass through the 2000 area, on the spot market, the situation is simpler - we see a continued decline in price. The price is trying to get out of the descending...
Gold has been declining since the opening of the session with the result of -0.5%. Earlier a false breakout of 1943 was formed, most likely the price will continue its fall, but only after breaking the support of the bearish channel
TA on high timeframe:
1) After breaking the support, the price forms a retest of 1938.9, but makes a false breakout
2) Liquidity...
Good afternoon,
I hope everyone had a succesful trading week and week in their daily lives. Here is a pre market forecast for AUDUSD this upcoming trading week. Last week, AUDUSD was bearish for the most of last week. Toward the end of the week it began a retracement process. Price broke the daily supply/demand area @0.65944.
Price is projected to continue...
Gold is forming a false breakdown of a strong support line. The support and liquidity area formed forms a bullish rally.
TA on the high timeframe:
1) False breakout. Price closes above the 1938 support line, gold may rise to 1950-1960 at the beginning of the trading week
2) Price is testing the liquidity area of 1942.8, the market may open with a gap or continue...
OANDA:XAUUSD continues to form a descending price range after the breakout of the bullish trend. A "flag" pattern is forming within the new channel, a false breakout was made on Friday
There is not much important news in the coming week, but it is worth paying attention to Thursday and Friday, the reports may provide insight for the medium-term outlook.
Bottom...
Gold continues to consolidate and gather liquidity to move in one direction or the other. The NFP report will be released soon which will give a medium term view on pricing
TA on the high timeframe:
1) Price has broken 1938.9 support and is forming accumulation below the level.
2) The market is preparing to develop medium-term interest. Consolidation below the...
OANDA:XAUUSD has been consolidating below the previously broken descending channel support for two days. From the basic fundamentals, this formation suggests a strengthening sentiment for further declines, but there are always nuances to it
Analysts were expecting bearish news for the dollar, which was previously published, but the index is showing a bullish...
SUIUSDT is under sell pressure and perfectly following the channel highs and lows. As the instrument break the through support area, a retest of broken support around 0.6140 region will be another better sell option.
What you guys think of it will SUIUSDT give another sell option ?
Gold is breaking a new milestone and breaking the support of the descending price channel.
Price is consolidating between the downtrend line and 1933.9 support, pre-breakdown consolidation may break the support and price will fly downwards
TA on the high timeframe:
1) Break of support at 1938 (lower boundary of the global range
2) Consolidation below the...
EURGBP is in a sideways range amid a downward global trend. The price is testing the upper boundary, which plays the role of a strong resistance, where there is a high chance for a rebound
TA on the high timeframe:
1) False breakdown of 0.8666 forms a fall to the support, thus the price confirms the presence of flat
2) Impulse is forming, most likely the area of...
NZDCHF is in fine bearish trend and smoothly following bearish channel. Recently the pair has created a rectangle pattern and now break through the rectangle as well, suggesting more downside is on table.
