The gold closed with a bearish weekly candle for the first time in 5 weeks amid a weakening dollar due to a weaker US labour market.
The price was able to find support at the current equilibrium level and recovered quickly before the week ended.
However, it was resisted at 61.8% of the Fibo level based on the most recent bearish wave which could potentially...
The price goes down too fast, if you use BB Indicator, it'll show the swollen bands which means it will retrace deep. You can use MA20 or EMA20 or EMA12 as the level to enter the trade.
In the chart, I highlighted the supply area (it was equilibrium), I foresee that the price will be tired and retrace to the area which are many limit orders waiting for the next...
Botanix Pharmaceuticals Ltd (ASX:BOT) is a clinical stage cannabinoid therapeutics company. The company focus is the development of safe and effective topical treatments for serious skin conditions. It has an exclusive license to use a proprietary drug delivery system - Permetrex for direct skin delivery of active pharmaceuticals in all skin diseases. The...
AIRBNB INC (ABNB:NASDAQ) Soared upon open last Thursday and doubled in price, but the smaller time frames aren't looking so optimistic. Granted if you obtained a position during the IPO you are sitting on a healthy investment currently.
Im looking at price respecting this Pitchfork currently and we have had a bearish close at the end of last week's trading...
XAUUSD Gold Spot: Purely Technicals
04/06/11-08/07/13 BAR Pattern. I've pulled this from the previous top back in 2011. The resemblance is uncanny and the BAR Pattern fits perfectly within the Current Pitchfork levels.
- Ichimoku Bearish
- 10/20 Moving Averages Bearish
- Pitchfork Respected (Bearish)
- RSI Trending Bearish
- Current Market...
After a recent big move up, it looks like we may continue in an equilibrium pattern for the short term.
Waiting for a break of the equilibrium pattern to determine direction. We will want to see volume come in to confirm the break of this pattern.
With all of the positive news including Grayscale's recent purchase of $300 Million, I expect we will continue to...
Panoramic Resources Limited (ASX:PAN) is a base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects.
Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below.
Cup an Handle Formation
Bullish Market Structure
ASX:AXE Archer Materials Limited is a materials technology company developing materials in quantum computing, biotechnology, and lithium-ion batteries, and exploring for minerals in Australia. The Company has strong intellectual property, broad-scope mineral tenements, world-class in-house expertise, a unique materials inventory, and access to over $300 million of...
Gold having recently fallen 11% from its all time high (US$2075) back in August is interesting.
Usually used as a Hedge during times of high volatility in the markets, gold is taking what looks to be a serious retrace after 2 years of mostly uninterrupted growth.
What's interesting is that the markets across the world have become inherently more unstable due...
Today’s analysis – THETAUSDT – trading in a descending broadening wedge, confirmation on a break of dynamic resistance,
Points to consider,
- Trend bullish (consecutive higher lows)
- Support confluence
o 200 MA
o Local S/R
o .618 Fibonacci
- Dynamic Resistance
- Oscillator Equilibrium
- Declining Volume
THETAUSDT’s immediate trend is...
(ASX:BOT) Botanix Pharmaceuticals Limited is a clinical stage synthetic cannabinoid company based in Perth (Australia) and Philadelphia (USA) committed to the development of pharmaceutical products that are underpinned by science and supported by well-controlled randomised clinical trials.
Technicals: Shaping up to GAP
- Ascending Triangle Pattern
- 10/20 MA...