Hey Everyone, Please see our updated 4H chart levels and targets for the coming week. We have price testing weighted resistance at 1828 Goldturn. We will need to see 1828 weighted level break and lock with EMA5 to open the range above. We have a candle body close above 1828 opening gap to 1860 dynamic resistance but need ema5 lock to confirm the full range. We...
Hey Everyone, This is the Updated Daily Chart we shared last week. We highlighted price testing a support structure on the daily chart with some room still left and that we are expecting a reaction on this zone, also inline with the Goldturn channel support. - This played out as expected and we got the reaction bounce from 1822 support for a catch using our...
Hey Everyone, This is an update from last weeks Weekly Chart MID/LONG TERM PROJECTION. Our weekly chart finally broke out of the Goldturn ascending channel on the level we highlighted. We highlighted the target swing range that we expected the drop to, if the channel broke, which played out. We expect a reaction on this level of support also very close to...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
OANDA:XAUUSD forms a false breakout of support late Friday, after which the market buys out the entire decline and forms an almost bullish takeover, closing Friday above Monday's close and the entire weekly consolidation The euphoria from the NFP (negative news for the dollar), may not last that long, and after a small technical correction, the main movement...
#CADCHF UPDATE Hi team, hope you are enjoying your trading journey and our trading ideas and analysis. Today we are looking into forex pair CADCHF. CADCHF comes down suddenly after a good bullish movement. We analyze that in LTF, it change the character and this is the symbol of possible bullish move. As after couple of days, we can see a change of character...
After a strong tightening of US financial conditions – primarily led by higher real rates and USD – we hear increasing acknowledgement that the markets are doing the heavy lifting of central banks and replacing the need for them to hike the Fed funds rate. That was the message we heard last week from Fed members Daly, Goolsbee and Bostic. This suggests that if...
OANDA:XAUUSD RR : Almost 3 for the final TP SL : 1794, Entry @ CMP TP: 1871, 1890, 1910, 1945
XAUUSD Probably building a ranging "base" in wave (4) (blue) . E.g : tringle, double/triple zigzag etc.. where price capped below 1870 +/- Before another significant "drop" toward 1760-1750.
#GBPAUD UPDATE Hi team, hope you are enjoying your trading journey and our trading ideas and analysis. Today we are here to share our analysis on GBPAUD. GBPAUD was in down trend and it was falling through proper channel. Now it break this channel upward and change the character upward. We can find a good buying opportunity in this pair after retest. If it...
Gold started a bullish in Friday last week after reaching strong support 1810 and NFP news Price may have small correction on market opening then continue near 1845 , then if it break will continue near 1880 Keep in mind that FEDs signs that the may continue in increasing interest rate . PPI news is in Wednesday this week , as usual i will have strong impact in...
Although the NFP was very bearish for gold, the metal rallied. The banks used the news to manipulate the price. My bias for next week is bullish ( at least for a while) and I have already marked the reaction areas. Let's dive in and do a full analysis. Macroeconomics The general expectation is for one more rate hike this year. One FED member said last week...
Gold was heavily bearish for past few days until it hit Weekly demand zone in 1810-20 area. In Weekly demand zone, it was pumped on Friday and look like it will remain mostly bullish in forthcoming week (or two weeks) until it hit next Supply Zone or Resistance zone near 1900's.
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up. XXX/USD: Neutral Gold & Silver:...
$xau had massive buy in this zone in 2022 that couldn't break the 2020 high, fail here and its back t 1500-1700$ range high, VAH, monthly OB/level, supply zone, mid channel - careful
Gold Elliott Wave Count Gold - The market looks its completed the bearish 3rd wave and looks 4th wave correction has begun and is expected to rise upto 1830 to 1836 range, this outlook is for short term only not advisable to take any positional trades. However, if the market breaks below 1812, this view would be deemed invalid. This information is for...
✅GOLD has almost reached A strong horizontal support While forming a narrowing wedge Pattern from where we are Seeing a strong bullish breakout So a further move up Is to be expected LONG🚀 ✅Like and subscribe to never miss a new idea!✅
This is not the first time we chart these Cycles on Gold (XAUUSD), as we did our latest study on September 27 (see chart below) and we were quick to catch the break-out sell on the 1W MA50 (blue trend-line) towards the 1W MA200 (orange trend-line): This time though, we add the Channel element as well as the unique US10Y/DXY ratio and the mix proves to be...