Midterm forecast: While the price is above the support 1747.50, resumption of uptrend is expected. We make sure when the resistance at 1848.75 breaks. If the support at 1747.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
Simple Support & Resistance combined with past reversal points to come up with multiple confluences for my DXY prediction. Fibo is just part of my reference,you may exclude from your point of view. There is also a divergence between the price and the RSI. I'm still learning so welcome all comments to improve.
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1848.92). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Gold is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1848.92). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Gold is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Looks like ABC correction after sharp drop is done. Should continue going down. Or we could also see double correction.
Midterm forecast: While the price is above the support 1848.75, resumption of uptrend is expected. We make sure when the resistance at 1975.00 breaks. If the support at 1848.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
Midterm forecast: While the price is above the support 1848.75, resumption of uptrend is expected. We make sure when the resistance at 1975.00 breaks. If the support at 1848.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would...
Hello and welcome to another analysis ******* you can clearly notice that the gold dollard market candle breaks the blue line with force and we also notice a support at the bottom , therefore the gold market is in the start of an uptrend he will touch the point 2070 => it's a good signal for buy => i am a consultant, if you want any help i am here for you in any...
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1920.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts...
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1920.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts...
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1790.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 57 is not broken, the probability of price increase...
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1790.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 57 is not broken, the probability of price increase...
Pretty Simple Analysis Here- I'm bearish on gold from a weekly perspective, but we are still in what I'd call a Trap phase. We have broken a daily trendline, but I think that there are a lot of early/eager bears thinking they caught a top (maybe they have) But if I'm a banker or market maker I can see a ton of stop losses sitting above this triangle pattern. I...
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1851.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase...
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1851.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase...
We have been ranging since London session yesterday with very little volume. We have three options for gold volume permitting. If we break above the range we have been stuck in, we can look for a potential wickfill which would be 30 pips, however that is a risky move. Safer buys would be if we break resistance at 1933. We have clean traffic to the left and we can...