As it can be inferred from the graph, the price has formed a nice reverse Head & Shoulders pattern on the area of support. We are now expecting for the price to keep rising till the area of resistance identified on the chart.
After a fundamental bearish run yesterday, the price is now trying to gain momentum to continue its move to the upside. We will be closely monitoring the pair and looking forward to opening BUY positions at good levels and aiming for the upside
After jumping off the cliff last week, the price is now building momentum to keep rising back. We are now patiently waiting for the market to break and re-test the local zone of resistance. After the completion of the simple break+retest, we will be opening BUY positions and aiming for the area identified on the setup.
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As it can be clearly inferred from the chart, a massive Head and Shoulders pattern has been formed on the Daily timeframe. We are now waiting for more confirmations before opening short positions and aiming for the area identified on the chart
The price is currently sitting on a massive zone of support. We can see some signs of bullish movements from here to the upside. We are waiting for more confirmations before executing buy positions and aiming for the upside
To begin with, the overall trend is bullish. As it can be clearly inferred from the chart, the price has successfully bounced off the strong zone of support indicated on the chart, which also aligns with 0.382 Fibonacci retracement level. We are now pretty positive that the price will keep on rising and reach the area of the previous Higher High.
Happy trading, everyone!
After an unstoppable bullish run last week, a decent correctional move was inevitable. Now that the correctional move is almost done, we will patiently wait for the price to form a nice bottom on the drawn zone of support, and then open long positions and aim for the important level of resistance plotted on the chart.
Happy trading, family!
As it can be clearly inferred from the chart, the price has successfully bounced off the previous resistance area turned support later on. Moreover, the zone also aligns with the 0.236 Fibonacci retracement level. We are expecting the price to keep growing and play out according to the scenario
The price is currently sitting on a major level of support/demand. If we check the DAILY timeframe, we can clearly observe that the 0.618 Fibonacci retracement level also aligns with the zone of support. We are now patiently waiting for the price to develop, before we can open long positions and aim for the area identified on the chart
Feel free to drop your...
As it can be inferred from the setup, we are expecting the price to keep rising for the following few reasons:
-Massive double bottom formed
-Strong bullish push off the double bottom area, indicating that the sentiment is clearly bullish
-The price is currently testing previously broken area of resistance
First and foremost, the sentiment of the gold market is bullish, so we are looking for BUY positions. Moreover, as it can be clearly inferred from the chart, the price has been able to reject or bounce off the local zone of important support a lot of times in the near past. Now that the price is located on this critical area, we are looking forward to opening buy...
The sentiment of the market is bearish. We can clearly observe from the graph that the price is heavily rejecting the upper boundary of the ascending parallel channel and it has even formed a double top there. We will be opening short positions and aiming for the area identified on the chart.
The reward is pretty decent, so make sure not to miss the chance!
As it can be inferred from the chart, the price has massively rejected the area of resistance identified. The sentiment is super bearish, therefore, we are expecting the price to keep dropping till the area of support shown on the graph.
The reward will be juicy 200+ pips, so make sure not to miss it!
Nothing much to say here. The sentiment is super bullish. We are now waiting for the price to re-test the previously broken zone of resistance before we open BUY positions and aim for the zone identified on the chart.
If we take a deeper look into higher timeframes, we can notice that the sentiment of the market is bearish. The price is currently consolidating within the borders of a formed. triangle pattern. We are patiently waiting for the price to breakout and continue its dropping