We expect further downside on this pair, signalled by the head and shoulders pattern breakout. We can also see the breakout of a key level which further supports our directional basis.
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is struggling to gain momentum in early European trading on Thursday. It is currently consolidating its recent strong gains, reaching its highest level since May 5th, which was achieved the previous day. Traders are showing hesitancy and are choosing to wait for the release...
⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
According to the DOWN theory, the price has formed a very beautiful H1 chart. Supports the upcoming DOWN trend
⭐️ SET UP GBPJPY PRICE:
🔥SELL GBP/JPY zone: 187.100 - 187.250 SL 187.600
TP1: 186.800
TP2: 186.500
TP3: 186.200
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and...
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
There appears to be limited potential for any significant downward movement in the price of Gold, as it is increasingly recognized that the Federal Reserve (Fed) has concluded its efforts to tighten monetary policy. Additionally, the markets have already factored in the likelihood of multiple interest...
FX:EURUSD has been navigating sideways since January amid economic challenges, rising interest rates, and Western economic uncertainties.
Approaching yearly resistance at 1.10806, a rebound towards 1.05335 support is expected. By the end of the first financial quarter, a breakthrough of yearly resistance is anticipated, solidifying new support.
This...
In the 4-hour period, it is placed in a contraction triangle, which in the 30-minute period can once again penetrate its supporting floor. Therefore, in case of a negative reaction in the red zone, you can enter a short position.
On week chart
The first sign what I see is the big indecision candle last week
Besides, the level $6 is also Golden Ratio 0.618 FibRe.
I'm waiting for breakout or breakdown to trade on lower timeframes
Time will tell
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is attracting buyers and has surpassed the $2,000 mark in the early hours of Asian trading on Wednesday. This increase in demand for the precious metal is driven by the decline in US Treasury bond yields and the weakening of the US dollar (USD).
According to the minutes of...
On 4H TF
Solana has completed the reversal pattern which is Head Shoulders
My view for this target at $43 and further $39
Solana has the resistance at $57 wait for decline to trade
Time will tell
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📈Seeing the weakness of the trend and breaking the trendline, we expect the start of dumping.
📊 (sell) : 7.05
🔴 Stop Loss : 7.58
🎯 Take Profit : 5.46
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Given that Ethereum is moving inside a triangle on the weekly time frame, I expect Ethereum to be completely bearish in the coming week.
In addition, you can enter good sell positions after the break of the specified microtrend
It is expected that the price will tend to fall at the intersection of the main downward trend and the micro upward trend
Anyway, we have to wait to enter after seeing the confirmation
Possible scenario.
The current return wave is sharp.
In the daily time, gold is in its 3rd rising wave.
But the last piece is considered to be able to move 5 waves, and in this wave we should see a sharper structure.
We are the last piece in wave 2. If this current correction is temporary, wave 4 will show itself in price and vice versa.
Therefore, in corrections,...
