Geetings fellow gold traders!
This is what i came across when i was analysing XAU and reasons why im im towards a short
1)its a downtrend as shown
2)it has a strong RESISTANCE LINE around 1890
3)im expecting it to go up to E then drop and take TP1 and TP2
do feel free to correct me,im not that perfect
Please refer chart for detailed explanation on technical analysis.
Find buying opportunity at/near support zone - Price mentioned on chart.
Fundamentals are strong so no need to worry even if price goes down.
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THREE RISING VALLEY FORMATION.
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any...
We have seen a relatively strong momentum to go short after multiple time testing area around 0.6560.
Following the candlestick pattern we believe the long red bar on the 21st which crossed the 20day EMA may indicate a beginning of a downward movement.
My own trading system Clam also indicate to go short so a trading idea has now been established to go short on...
COTI/USDT
Very encouraging moment with COTI hitting target🤑
The bullish will continue at for several hours.
Next level correction is advisable to enter. ✔
We can still open position with current level 🙌
Gaining accordingly with with undergoing MA of the chart.
Best wishes.
For educational purposes only.
I am going long on this stock as long as the candlestick is still above EMA 8 line and the stochastics are not above the overbought area.
YOOOO If you saw my other idea that i posted, i explained why i disappeared last week, but basically ive been dealing with alot of stuff. But now i can safely say that im back!! But lets hop right into the idea shall we,
In this instance of GBPUSD, we can see that the local trend for the pair is downward while the overall trend is upwards. I can see a way that...
Yeppp, another neutral, simply because this session in the morning was very undecided. Strong push up in the early morning, followed by a strong drop that lasted till maybe 3pm (ET)...
That all being said, im more expectant of a short simply because the commanding trend on the 1H is downward (the dark red arrow) If a short were to form, we must wait for a break...
![NZDCHF: [MM's daily technical Analysis] 09.22.2021 SHORT NZDCHF](https://s3.tradingview.com/6/6UmcVyX6_mid.png "[MM's daily technical Analysis] 09.22.2021 SHORT NZDCHF")
