In the market we see patterns and price action repeat itself over and over again. This is the very framework of technical analysis - where we forecast future price action based on historical price patterns.
In one of our previous posts, we looked at a very similar price behaviour from EURUSD where we had the same sequence of price action play out almost...
In June 2021, DXY started its bull run and has been making very clear price action. We have 2 different price action we can see in this chart.
Impulse Wave - Where price moves heavily in one direction
Corrective Wave - Where price has been creating a 3 wave corrective move for another move higher
All this is encompassed in the wider 5 wave impulse (motive) wave....
➡️ The upcoming week for the metal promises to be positive. Buyers are well entrenched above the 1811.165$ level, that gives them solid ground for continued growth. The level of 1828.300$ did not allow buyers to grow on Friday, but it was predictable, since on Friday, most likely, market participants had to fix their positions before the weekend. Technically,...
At the moment, the bullish potential for the USDCHF currency pair is exhausted and most likely we should expect a fall. An interesting area for sellers is located near the level of 0.91505.
SELL scenario: Sales are supposed to be in the indicated area near the level of 0.91505. The price should not fix above the support line. In this case, sales are activated...
The price of gold in the coming week is likely to go up and the growth target will be the level of 1850.75. But there is a possibility that the instrument may consolidate below the level of 1814.25 and then, of course, we should expect a fall to 1801.35. At the moment, the range 1801.35 - 1814.25 acts as a support, so buying is still a...
On Friday, sellers of the CADJPY currency pair managed to break down through the support line of the uptrend channel, which indicates sales. The area of consideration for short is indicated on the chart. Most likely, the price will stay under the level of 91.270 for some time and then fall.
SELL scenario: After a small recovery to 91.270, you can open short. It...
Next week, most likely, the euro will continue to develop its upward impulse after breaking through the range. The growth target will be levels 1.14357 and 1.14814. However, it is necessary to be ready for any turns, including if the price suddenly closes under the level of 1.13738. In this case, market participants activate sales with the target of...
Hey traders,
Gold is stuck within a horizontal trading range on intraday time frames,
the price is coiling between 1782.0 - 1788.0 support and 1826.0 - 1832.0 resistance.
To catch a bullish continuation, wait for a bullish breakout of the upper boundary of the range.
Your goal will be a major falling trend line that I...
today want give you a exclent stratgy for gold = break trendline (gold is very very trendy market,so when it breaks important trendline ,will go go go
this stratgy is for very trendy markets like gold ,not for zigzag markets like dax,dow
1- on gold 15-60-240-1440-weekly chart drow very clear ,important trendlines exactly like red line on above chart ...
Hello traders, starting this week I will start doing my weekly analyzes for the year 2022! I wish you a happy and fulfilling New Year
As I said last weeks since March 21..after 8 months in which all my analyzes about GOLD were almost perfect,
...as you can see ... GOLD is on an upward Fibonacci but has also made a strong downward trend line!
In the next period I...
HEADER - The IRL DEMOs 1-2-3-4 is my reactive strategy base case. This is what IVOR engine is saying. This is in case we tag 2060-2090 PRIOR TO 02/18.
SUMMARY - This is what IVOR engine is saying. I want to get this up in case we need it AFTER 02/08.
DETAILS - What I've learned in last 50 days is: 1) EMA, volume weighted is only correct 25-33% of the time,...
previously I said RSI is not good as a bearish or bullish indicator but good at timing indicator to predict top-bottom timing when that happen
and I said Feb will be highest price zone for gold and late Mar or April as lowest price zone for gold, let's skip on Mar or April and focus on Feb
I already create an idea about 1850 retest then drop to the 1746 area
so...
Price suggested that 5 waves move from the low of $1782 has ended at the peak of $1829 and now suggesting price to make a pullback.
On 4hr tf chart. price may suggest that the 5 waves move could be wave (A) of (Y) of an WXY Corrective Wave structure from the low of $1752. Expecting this pullback to end somewhere 50% fib retracement from low of 7th January before...
Gold rebounded off well from a rising trendline, found resistance at 1829 but stayed closed to it.
The fact that the market is constantly rejected at 1829 may cause a deeper pullback towards the downside before it garner stronger buyers.
A minor rising trendline was also broken below after multiple rejection at the current high.
This week, we will focus on...
Hello everyone hope you spending a good weekend, I updated the main scenario chart for gold in weekly timeframe, most of traders considered this upward rally from 1045$ to 2076$ as an impulse that price is in wave 4 of it, but there is another possibility which says this upward rally from 1045$ to 2076$ is a B-wave of a flat correction. personally I like this...
