Preferred direction: BUY
Comment: At the beginning of the new trading week, we continue to adhere to the buy-priority for the EURUSD currency pair. It should be noted that this trading week is quite filled with economic data, especially Thursday will be rich in data. Among the major currency pairs, not all are inclined to at least some growth against the US...
Preferred direction: SELL
Comment: We are also taking a pause regarding buy-priority in silver, but the medium-term prospects are still on the buyer’s side. In intraday trading, a rollback towards the level of 22.66 is expected. We are considering two scenarios, where scenario №2 assumes a rollback to resistance at 23.32 before a fall to the specified...
Diagonal triangle? Of course traders could mistake it as a regular correction pattern; IT IS NOT a correction pattern, it’s a motive wave but NOT impulsive, when a wave is an impulse it’s a pick up line for a consistent trend and direction believed 75% but what and how should the data price be presented in the chart when the motive is 50% even 35% of course it...
From the 4H chart, we can see that gold has strong support from yesterday’s moving average. As long as it breaks through 2040, there will be some room for growth.
The upper resistance range is 2045-2049, 2055-2058
In an obvious upward trend, we cannot sell blindly and wait for a suitable range to sell.
Or wait for an obvious support range to buy
You can make...
FOREXCOM:XAUUSD is forming a correction and testing strong downward resistance formed from 2150. The chances of a breakout are a little less than a false breakout, which, at this point in time, we are betting on.
On the senior timeframe we can clearly see that the price is testing a strong resistance area. There is no clear trend, something similar to a...
🔸Hello guys, today let's review daily price chart for eurusd. Ongoing accumulation
in progress since 2023, strong chart overall. Trading in well-defined range since
Jan 2023, therefore it's best to focus on trading near range highs/lows.
🔸Range lows defined at 0640 , range highs set at 0960, premium prices overhead
at 1020 and 1080 and premium prices below at...
🔸Hello traders, today let's review 4hour price chart for gold. Extended bear
impulse in progress, fractal will target re-tests of 1960/1970 usd.
🔸Recent downtrend is defined by repeat sequence, currently weak bounce
expecting re-tests near 2030/2035 usd max, and continuation of the correction.
🔸Recommended strategy bears: short sell from overhead resistances...
Investors entered 2023 with trepidation, mindful of the previous year's turbulence and remained wary about recession risks, geopolitical unrest, and potential rate hikes. Yet, as the year unfolded, the bond market revealed a resilient streak.
Despite volatility peaks, with the 10-year Treasury yield hitting 5% before receding to 3.88%, the government bond market...
Hello traders, what are your thoughts on GOLD? Gold has seen support and growth upon reaching the bottom of its descending channel. It is anticipated to retreat back to the channel's bottom after encountering the resistance area. Let's stay tuned for market news to gain clearer insights. If you find this post useful, don't forget to like and leave your comments.
- XAUUSD is currently within a descending price channel.
- In this scenario, our priority should be looking for selling opportunities.
- The resistance levels within the trend channel are 2039 - 2045.
– Monday Daily candle closed Bearish forming Daily Resistance at 2035.300. I’ll be looking for potential Buys above 2035.200 targeting 1h Resistance at 2041.000 and Weekly Resistance formed around 2049.200. I’ll be looking for potential Sells below 2026.800 targeting 1h previous Support formed at 2020.700 and 4h Support around 2015.700. High Impact News ahead of...
RBR = Rally Base Rally Demand Zone
LQP = Liquidity Pool
Arrows = Inducement Points
2WT = 2 Way Trap
Price is still moving in a way that tells me it should continue going down at least to 2024. (retracement + imbalance curve)
Price nearly hit my TP. I closed most of my position and left a runner.
Good evening gold gang .. what an amazing day .. i know i say that a lot .. the accuracy on those buys in NY session was just insane having marked it up last night for it to react so strongly!
Did you get in with us?
All in all we are still in the weird range with no clear direction .. im still bearish overall looking for big sells but we keep coming back up...
SP500 and Nasdaq are fighting with strong resistance levels. Most likely to pull back soon. In the mean time the metals are doing something interesting. Is going for the break out this time. It may pull back a bit before, but you can see a sort of cup and handle just under the upper vortex. SL triggers only if a weekly candle breaks through the support line at 19...
XAUUSD LONG TO 2057.105
reverse head and shoulders building up, now on the final shoulder.
entry: 2031.870
stop loss: 2023.510 (above the last shoulder)
take profit:2057.105 potentially to 2065.305 if it breaks the consolidation area.
