The market rejected a strong resistance zone and rebounded from it. The price is heading towards the lower channel border, and I think the price might break through it. Price action formed an engulfing candle on the weekly timeframe. The market showed some divergence on the 4H timeframe. DXY, on the other hand, tested the key support level and bounced off it,...
In last week's analysis, I stated my expectation for growth in the price of Gold and recommended buying dips rather than attempting to sell into a potential correction. On Friday, bulls successfully broke above the small corrective bullish flag, achieving a new all-time high and closing the session at this peak. The Asian session opened strongly, witnessing an...
Gold rose after breaking through the key 2050 level. With this in mind, it is worth paying close attention to the idea that the market has taken a brief pause, as well as the negative correlation between the gold market and US interest rates. This continues to be a major factor to pay attention to. However, it is worth noting that the market has reached a strong...
Dear Colleagues, last week we saw a strong decline in the price, but then the price returned to 1.08789. This means that the bulls have more strength and at the moment I am considering a small correction to the support area 1.08520, then reaching the target resistance area 1.09582. Manage your capital correctly and competently! Only enter trades based on...
Dear Colleagues, I believe that the price is in an upward movement. At the moment I expect the end of the formation of wave 5. I expect to touch the swing area at 1.26561 and then reach the resistance area at 1.27328. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, I believe that the price will still renew the local minimum and reach the target of 61.8%-78.6% Fibonacci levels 74.24. Before that, the price may reach the swing area 77.29. In case the price reaches the target immediately - the target is just a strong resistance. Manage your capital correctly and competently! Only enter trades based on...
If you haven`t bought the dip on S: Then analyzing the options chain and the chart patterns of S SentinelOne prior to the earnings report this week, I would consider purchasing the 20usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $1.15. If these options prove to be profitable prior to the earnings release, I would...
The market is near the major resistance after breaking it. The price has broken through the support level and upward channel. I look forward to testing the lower border of the channel and resistance zone. Price may fall from resistance because the market bounced off the daily resistance and the market already has updated swing lows, furthermore the trend is...
Dear colleagues, I believe that the price has completed wave 4 and is currently continuing wave 5. The nearest target is the resistance area at 2052.185. Once this area is reached, I expect a price reaction and will revise the data. It is possible that the price will still touch the support area before rising. Manage your capital correctly and competently! Only...
good evening gold gang and that is it for the week and the month!! december is upon us! We didnt quite get the all time high as predicted but got within 300 pips so i was very close price continues to bounce around my algo levels in an overall messy day of price action. This monthly candle close is the highest its closed ever! .. so we still might get the all...
The gold is ranging after it made impulse leg up. It might continue ranging because we have a strong resistance zone above. I think the price in the accumulation phase can lead to the new extension. As you can see, the price made an impulse leg, then a range zone, and so on. I expect a retest of the daily resistance zone or, alternatively, the choppy market. My...
The price perfectly fulfills my last idea and the market reached the target level. The market broke through the upward trendline and support level at 0.58000 after forming a double top. The price is heading towards the the support level. I look forward a pullback to support from resistance. I think price will go down because the main trend is shifting from...
The price is testing the strong support level. The market bounced off the support before. Price action on the daily timeframe in the range zone because it broke and closed below the several swing lows. I expect the price to go up from the strong support level because the market is bullish on the higher timeframes and it formed a fake break of the support level at...
In my yesterday's comment, I wrote that is not advised to sell into a possible correction, instead buying dips should be the better approach. The price corrected, indeed, towards 2030 support and quickly got back to 2040, suggesting 2025-2030 is a strong floor for XauUsd. The recent drop from 2052 top to yesterday's low is clearly corrective in nature and a new...
Dear Colleagues, the price went up confidently and now I have redrawn the waves. Perhaps the price is completing a five-wave structure and soon I expect a correction to the support area of 1.08664. From now on I consider only short positions! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, the price went up confidently and now I have redrawn the waves. Perhaps the price is completing a five-wave structure and soon I expect a correction to the support area of 1.25596. From now on I consider only short positions! Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Good evening gold gang! wow what a horrible day of price .. in and out of the range reacting to nothing .. very boring. We did get the move in asian session as predicted and a scalp in london session .. so i didnt lose any gains today we need to break away from the range .. its so messy with no decent reaction zones at all .. so i either want a strong close to...
In my previous Gold analysis, I wrote that Gold is consolidating with bullish perspectives. Indeed, two days ago, The price exploded to the upside, and since yesterday, it entered in a consolidation again. Although there could be a correction, in my opinion, this should not be sold but bought into dips. A good zone for buys is under 2030 Also, as an alternative...