Gold broke out of that range, giving a bullish indication after creating a lower high. We can look for buys above 2398 area with the recent highs in sight (2417) and overall high target of 2426.
Price hit the first target of 2390 and pushed to give indication that it wants to continue higher. It’s busy correcting now and if 2362 area holds, we can see a continuation to the upside.
Buys valid above 2390
Gold breached 2365 and gave us an indication to show that it wants to buy to the 2430 area. This was followed by solid correction to well below the 2365 area, however creating a HL (that area of support at 2330 was not touched, so it held).
Price appears to have concluded that correction, and a break above the 2365 in session, should give us the confirmation that...
The reason for this sudden price increase remains unclear. However, experts say that the gold futures price spike of $10 when surpassing Thursday's high may be due to the stop-loss order being activated. Trading volume reaching 0.5 million ounces is also the main driving factor for this increase.
The next developments of the gold market still have many unknowns....
clear uptrend so i looked for price to break highs.
price did the same thing over and over again, broke the first high (indication) then correct, broke upside again and continued to that direction.
Increased optimism and market sentiment:
Positive outlook from the company management: IRCTC's recent AGM saw positive statements from the management regarding the company's strong financial outlook and post-pandemic recovery. This has instilled optimism among investors about the company's future growth prospects.
Overall positive market sentiment: The broader...
NEAR is the official Blockchain Partner of ICC WorldCup(Cricket) all knows...
Finals are two days away...
Buy n HODL....
It might pump ....Keep an eye @ BTC too...
NAFA n Plzz DYOR....
i feel so... so updated...
TP : 2.3+
ThankYou....
These are my small predictions according to the market conditions...
NEVER FOMO
An inter-week holiday always much more risk than a weekend driven risk. More so when an important data is in the wings and markets continue to extrapolate the events at least a normal move.
Inflation data was one such event, our CPI came lower but above expectations, WPI an negative number. US inflation comes flat MoM against expectation of 0.1%, markets go gango...
PEPPERSTONE:NAS100
Hey, today with something special
This idea will be ICC based so lets get into it
How u can see trade from yesterday on nas was 0 drawdown so hope today will be same
For valid trade price cant go over last high whats around 15230.
Then we want to see break of last low and close candle under it
SL can be on last high. For TP1 we will be...
US30
What I’m looking at for NYO today. Price not to drop below that low at 33796 area which will confirm that we are still buying. Break back above 33870 area POI. Will drop down to 15 or even 5 min to ensure that movement is clean.
So above is the USD which of course has an opposite correlation to BTC. We can identify how price is testing multi year highs, an extremely strong level of HTF supply. On the daily the market is clearly over extended and over bought in need of a correction sooner or later. On the 2H timeframe price is consolidating in a bullish wedge, but students no when this...
I do journalistic coverage of the fundamentals. I'm a bit of an oddity on tradingview... but I'm also tempted to stand on the corner of the street to see if I can barter for crypto. I'd love to write. Ps. my consumer report is 30pages and counting but this is leisure. Only one woman on Earth has been gifted that consumer report Aug.17th.... This article is as...
What is ICC-2021-007?
Its a new proposal that recently passed on May 18th.
This new proposal gives the brokers margin flexibility for hedge funds who have a short position is stock that are deemed risky. If brokers decide that a position is too risky they can increase the equity required in an account. The new proposal also ensures that regulators have some...
BTCUSD has finally broke out of the price range its been stuck between and broke above daily resistance with a strong bullish impulse.... on the weekly we have a impulse correction and now we are looking for the continuation to the upside and market to form a new higher high from a weekly perspective, the FIB target of the weekly ICC pattern is a very nice 62k,...
> PSYCHOLOGY BEHIND THE TRADE
It can also break the resistance if it makes the IMPULSE CORRECTION CONTINUATION (ICC PATTERN) and if it breaks this is taking some pullback to the downside for giving the opportunity to make long ( in a conservative manner)
> Risk reward
- Risk -2.36%
- Reward +11.34%
> PSYCHOLOGY BEHIND THE TRADE
The possibility is to go short is very low because it has made an ICC pattern (IMPULSE CORRECTION CONTINUATION )in the daily time frame, but as you know the history is always repeating itself the price can come down and follow the price incident but the possibility is low
> Risk reward
- Risk -1.31%
- Reward +2.45%
