IMFA formed a right angled descending broadening wedge pattern. This is a bullish pattern with bullish breakout happened three sessions earlier. Price inched higher than the breakout candle high today forming an ideal entry today with stop loss just below breakout candle low. There was high volume during breakout and prior to formation of the pattern indicating...
Hi guys, I'm back with fresh analysis on gold. if you haven't check my last analysis please do, price moved up from 2281 level for more than 700 pips. which was amazing. Major institutions are still long on gold(based on COT data) and is still making new highs, so buying on demand levels is sensible. First level is 2330 which is a broken resistance now acting as...
Price approaches the NGN1192 support. Potentially will bounce up to retest the broken NGN1406 support and use it as resistance. Since price is retracing after a steep bullish move, the next solid support might be found on the NGN961 zone.
Now a lot of people really want to see the pricce of Gold drop, but that won't just happen. As it stands investors re running to Gold as a safe haven cause stocks are a bit shaky with US rate decision(wont go into details). We could come with setup for long position with caution, For today(09/04/2024) I would love to us test the 2332 level to get that dip and be...
The triangle doesn't end yet. So we can't consider it a effective breakthrough. What I want to see is that the drop stop at the red trend line.
Following a period of upward movement, the price experienced a downturn and stabilized around the 2.4 level. Currently, a descending triangle shape has emerged, with the resistance of the pattern being breached. This development signals the dominance of the buyers, leading me to anticipate further upward movement.
Hello everyone, among my analyses. I think the US 30 will be SHORT
DASHUSDT is forming a conglomeration of bullish assumptions, attitudes and patterns. It is possible that the coin is starting to see a buyer, but it all depends more on their potential and interest. On W1, the coin is trading almost at the bottom, which is the 22.6 area, and the strong support in this case is the 25.0 area. Relative to 25 a triple bottom is...
CHFJPY is moving in a descending channel between two trend lines. The volatility of the price movement has decreased, which may signal an upcoming decline. We think that the price may test the resistance again and then pullback to the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
GBP/USD 1H - This is the second pair I provided analysis for yesterday and ask you can see price has played out as predicted on this one as well, we wanted to see price trade up from this area of Demand. Price has done exactly that, breaking out of this ranging market, we have now seen a new bull run take place. Due to the lack in volume I am expecting price to...
The United States Department of Commerce has confirmed a substantial support package for Taiwan Semiconductor Manufacturing Co. (TSMC), earmarking a 6.6 billion USD subsidy to facilitate the establishment of a new semiconductor manufacturing base in Arizona. This initiative is further bolstered by up to 5 billion USD in low-interest loans from the...
Hello to all our subscribers! Please share your personal opinions in the comments. We kindly ask for your support through likes and subscriptions. As the value of the yen fluctuates near its low point, it is anticipated that intervention by the Japanese foreign exchange authorities will commence if the yen-dollar exchange rate exceeds 152. Meanwhile, the timing...
Gold price consolidates near $2,350 as dollar struggles against yields The gold price is holding on to its gains near $2,350 in Tuesday's Asian session, awaiting further catalysts for the next directional impulse. The gold price is finding support from low US Treasury yields, keeping the US dollar on the defensive ahead of further Fed speeches.
Litecoin broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 95.5 is possible.
XAU/USD 1H - How we getting on guys, I hope you all had a great trading day yesterday, as you can see price gave us the next bullish leg we were expecting from the zone I gave out. We saw price trade into the zone and reject well top the upside, putting in a new higher high, this is great news for those who saw the analysis and got involved in some bullish...
GBPCAD has been in an upward trend for the past week. It is currently facing strong resistance at a horizontal level. I am waiting for a breakout, and a close above this resistance level on an intraday candle will confirm the breach. If this happens, we can expect a bullish movement towards at least 1.725. I will provide an update once a breakout is confirmed.
Here is my latest structure analysis and important key levels to watch on Gold. Resistance 1: 2350 - 2357 area Resistance 2: 2390 - 2405 area Support 1: 2300 - 2305 area Support 2: 2250 - 2280 area Support 3: 2194 - 2222 area Support 4: 2145 - 2155 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
BINANCE:BTCUSD is trading in a neutral market. After updating the global ATH the market did not let the price to this zone, strong support levels are formed from below. The conglomerate of strong zones in general indicates that there is no clear potential at the moment and consolidation will continue further. The price is trading within a range, the boundaries...