R3 LRS 1843 -R2 MRS 1833 -R1 HRS 1823 SNR S1 HRB 1823 SNR -S2 MRB 1814 Sma200 W1 TF -S3 LRB 1803 SELL> 1933 - 1843 BUY> 1814 - 1803 FOLLOW UP D1 On Death Cross W1 On Support Sma200 / 1814 MN On Resistance Sma44 / 1827 MN On Resistance MACRO FIBO MN 50.0% / 1848 OBSERVATIONS: Today NFP a high impact news should break this sideway channel. We don’t trade...
After the break under 1915 important confluence support that I've spoken about, XauUsd dropped like a stone, with a drop counting 1000 pips. Although most of us expected some correction after, Gold started to consolidate instead and bulls were unable to elevate the price to confirm the last broken support level at 1855 (at least so far) The price action from...
Today we are still long gold near 1815. Gold has rebounded to around 1820. Our current long gold position still has good profits. For gold, although gold has not really started its upward trend yet, gold has been fluctuating in the 1820-1815 area recently, and gold is currently showing signs of bottoming. As gold bottoms out, gold will start a new round of...
Silver has sold off aggressively the last few days. You can see that the price is now right near an ascending trend line. If this trend line holds, then we can expect a bouce upward soon. The trend line is not quite touched. Maybe price will drop a further 50 cents or dollar to touch it?
Am going to wait for the consolidation breakout my conform is when the breakout on resistance am going to take the trade and if it breakout on support going to take sell. After breaking either the resistance or the support and retest it am going for the buy or sell entry with the clear conform, if it breakout resistance and retest my entry 1827.82 TP 1849.00 and...
– Previous Daily candle closed weak Bearish around 1820.200 as price still ranging withih the 4h timeframe prior to NFP this Friday. – Buys on close above 1829.200 targeting 1h Strong Resistance formed around 1837.700, Leaving Runners to the next Hourly Strong Resistance formed around 1845.000. – Sells on close below 1815.500 targeting Weekly Support formed at...
In these unpredictable times, it is crucial to strategize and safeguard our investments against market volatility. While some may shy away from uncertainty, smart traders like yourself recognize the immense opportunities that lie within. By focusing on defensive market sectors, we can position ourselves for success, even in the face of adversity. So, what are...
Good evening gold gang!! another good day on the charts!! unfortunately stopped twice in NY but took a nice sell in london bagging us a break even day in the end. In hindsight .. day before NFP is a tricky one to trade as price is consolidating mostly awaiting the big move .. so we became liquidity. Followed the plan and stuck to my loss rule so all is not lost...
R3 LRS 1853 -R2 MRS 1833 -R1 HRS 1823 SNR S1 HRB 1823 SNR -S2 MRB 1814 Sma200 W1 TF -S3 LRB 1803 SELL> 1933 - 1853 BUY> 1814 - 1803 FOLLOW UP D1 On Death Cross W1 On Support Sma200 / 1814 MN On Resistance Sma44 / 1827 MN On Resistance MACRO FIBO MN 50.0% / 1848 OBSERVATIONS: Being two days in sideways and continuously squeezing range. Price action is on the...
Gold / XAUUSD is consolidating on a Falling Support, while the 4hour RSI is on a Rising one. This is a Bullish Divergence, the kind we saw in August 17th-21st. That was a short term bottom and once the 4hour MA50 broke, a rally to Fibonacci 0.618 was initiated. Wait for it to break again and buy, aiming at 1896 (Fibonacci 0.618), or adjust if the price makes a...
Preferred direction: BUY Comment: The franc continues to accumulate at the level of 0.91475, which contributes to the formation of a new springboard for a move higher. The US dollar is also expected to rise here; a particularly strong movement is likely to be expected tomorrow. The purpose of growth will be to update current local maxima. Thank you for like...
In technical analysis, a "Double Bottom" pattern is a bullish reversal pattern that typically signifies a potential change in trend from downward to upward. In the context of AMEX:GLD (Gold), spotting a Double Bottom pattern suggests that the asset has tested a support level twice and rebounded, indicating strong buying interest at that price level. This can be...
Preferred direction: SELL Comment: The dollar continues to strengthen and most likely non-farm tomorrow will sufficiently confirm this. There is a good accumulation of purchases for the Australian dollar; this, in turn, is a potential big downward movement, which we expect tomorrow. It is better to log in tomorrow. Thank you for like and share your views!
Hey Everyone, Not much action outside of the range today. Price continued to range between 1831 and 1817 with no ema5 cross on either level to confirm the next level. All moving averages have also started converge together, which usually happens NFP pre-event gearing for a breakout on tomorrows release. We are not committing to anything big yet and will wait...
Preferred direction: Neutral Comment: Sell-priority is maintained in terms of price. Level 147.816 is in focus. On non-farm, the price can dive deep down and then try to recover. You need to be as careful as possible with this currency pair tomorrow during the release of labor market data. Thank you for like and share your views!
Hello friends This is my long stop for Bitcoin. I believe that the breakout will happen soon and you can enter a long position.
FOREXCOM:XAUUSD Looking at Gold on the weekly time frame, it's very clear to me that Gold want to take out the old low. Market makers will grab liquidity before that low before pushing price higher. But if Gold take out the major swing low below the recent low, i will be fully bearish on Gold.
Thank you for reading our update. Please keep in mind that this is not trading advice. There is still a 400M market cap + max supply and it's not possible to mint more coins. Will we witness a similar impact on Luna's price, like the one it experienced when it increased to $7 after the huge fall? What could be the reason behind the data showing buy orders at...