The price is overall in range phaseafter massive bullish move/impulse leg. I think that If the the price may fall down from the resistance because the market can not break through the resistance zone and it formed a divergence. The market tested the resistance 3 times forming triple top and then price to roll back to the support level from the 166.500 level. I...
The market pulled back to the range zone after an impulse move down. The price is in a downward channel. In my previous post, I wrote that the market might seek liquidity below the weekly low, and the price went down. I think the price may go even lower because the market is still bearish. If the price rejects the resistance zone, then it will probably continue...
The price perfectly fulfills my last idea. The price hit the target level. The market pulled to back range zone and bounced off it. Price is heading toward the resistance area. On the 1H timeframe the market looks bullish however it is still bearish on the 4H timeframe. If price action rejects the resistance and border of the channel (upward trendline) then we...
The price perfectly fulfills my last idea. The price broke through the support level and formed a range zone. The market bounced off the channel border. I think it might go down from the resistanace zone and upward trendline because the trend is bearish on the higher timeframes. The price is losing bullish momentum because it formed a divergence at resistance. My...
The price perfectly fulfills my last idea. The market is heading downward after a pullback. The price is pulling back after an impulse move down. The market broke through the descending channel and tested the support level. If it rejects the resistance, then we might see a further downward move or retest the recent support. The DXY is currently at resistance,...
The price broke through the descending channel after forming triple bottom at support level. The market is heading toward the resistance where price was pushed before. Price broke the previous daily high. I think gold might go down from the resistanace zone and upward trendline. Bears may grab the liquidity above 1900 level that potentially can lead to bearish...
The price perfectly fulfills my last idea. The market fell from resistance zone and hit the target. The market has tested the support level and rebounded from it. The price broke out of the descending channel after forming the range zone. The market is pulling back to resistance zone by forming complex upward pullback even though the trend is bearish. I'm...
As I explained in my yesterday's post, although Gold is still contained in large a descending channel, the small descending channel started at the beginning of the month could represent a warning for bears. Yesterday, XauUsd tried twice to make a new low and failed, another indication that an upside move could follow. At the time of writing, Gold is trading at...
The market rejected the support level, then bounced of it. The price broke and fixed above the previous resistance. I think the market might go up to retest the resistance zone. The market made made first extension leg up. Made a pullback. Now it's forming the possible second leg. If the price rejects resistance and the border of the ascending channel then we...
Since the beginning of July, NzdJpy is pretty choppy, with spikes up and down. However, the trend is still up, and with a very weak JPY we can expect a new leg up. Also, yesterday the price reversed with a nice bullish engulfing which brings more confirmation. I'm bullish as long as yesterday's low is intact and my target is around 90
Gold fell significantly during the trading week, breaking through the previous week's low. We've had four bearish weeks now. Additionally, gold broke and fixed below the previous month's low. I think gold will continue going down for a test of the support level at 1870, which is the demand zone. Therefore, I believe a pullback is going to be an opportunity to...
The price perfectly fulfills my last idea. It hit the target. The price is pulling back to resistance zone after breaking the asecnding channel. The market tested the resistance 2 time before fall. The price breaks the upward trendline and support level then fixed below it. I am waiting for the price to roll back to the resistance and rejection of it. My goal is...
The market is updating its swing lows. The market has broken through support levels and it pulled back after impulse leg. Price has bearish momentum and on the higher timeframes the trend is bearish. I expect move down from the resistance zone if the price make fakeout. My target is 0.63627 support level . Traders, if you liked this idea or if you have your own...
Analyzing the options chain and the chart patterns of LOW Lowe's Companies prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $4.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
The market rejected the main resistance at 1.72500. The price has broken through the upward trendline and it formed big engulfing candle. The market reached the strong resistance on the 4H timeframe thus I look for to testing the zone and fall from it. The price formed divergence at resistance that is signal for downward move. My goal is to support...
The market is ranging at the daily support, after it made an impulse leg down. The price broke and fixed below the range by making lower low. But most recent low was weak; it barely made new low. I think the market might pullback because bear don't have enough strength to make strong new low. If the price rejects the upward trendline and resistance then we might...
Two days ago I said, that in the medium term (2-3 weeks) XauUsd could drop to very important 1820 support if 1900 zone support isn't holding. In that days, Gold failed to stay above this important figure and made a new local low. This new low confirms the 1880 high as a lower high and we can consider now trading in a channel. The bottom of this channel is in fact...
The price perfectly fulfills my last idea. It reached the target. The gold market is uptading lower lows. It broke fixed below the strong level 1900. Before that market formed a range zone that led to breakout. I think the market may go up to the resistance zone to retest it. But it has reached the main support area on the daily so I think we might see some...