We observe weakening of Gold over a week. It has to get to the previous psychological (support) levels. Good Luck!
In the current landscape, the Dollar Index (DXY) displays signs of a potential turnaround. Despite an unanticipated fall in retail sales, the DXY has managed a climb, posing a dichotomy against the backdrop of the economic narrative. Its advance within the bounds of a recently formed trading channel underscores the market’s complexity. Technical Take: The DXY...
Today, I went long gold at 2310 and 2305 respectively and made a very good profit. Gold is currently trading around 2329. Judging from the recent trend of gold, gold has repeatedly touched the 2305 position area and quickly recovered, and this area happens to be the dividing line of the upward trend, indicating that although the bullish momentum has weakened...
Waiting for a monthly close above the 8-year downtrend line to get in. The chart is pretty messy but many other signals are converging around that area (200-month EMA, 50-month EMA, .382 Fib). Price had a false breakout early in the downtrend based on the trendline I drew but I drew it where it is because it had many hits along this line. If price breaks out...
After price revisited the 11th April High 0.65455 - 0.65340 we are seeing a possibility of another run lower towards the previous low I will be interested in seeing a break below 0.64832 for sell continuations. If we continue to see bears pushin g price lower I will be looking for possibility of seeing price revisit the 18th April 2024 low 0.63710 Breaks...
Hello, guys. This is ESS team. We hope our analysis will help you. Candle is supported at Fibonacci Retracement level 382 after breaking the Rising Wedge's bottom. However, the pressure of the sell-power could push it down to the 0.5-618 level. To take a long position, at least, If candle break through the GREEN downtrend line, That is the time.
TVC:GOLD bullish momentum seems to be exhausted after making All Time High. As It has broken its ascending trendline and support area at 2300-2320, It looks like GOLD will continue its correction towards 2200-2230 zones. In long term outlook, GOLD is still bullish while in short term outlook, We can look for selling opportunities till fib 0.5 retracement.
In the European market on Thursday (April 25), gold rebounded after almost falling below the key support of $2,300. The price of gold rebounded to $2,330.6, but technical analysis believes that the market below $2,333 failed to reverse the bearish trend. A stronger dollar and easing tensions between Iran and Israel have weakened gold's safe-haven appeal,...
Hello, guys. This is ESS team. If you have position in FLOW, please CHECK this VIEW. ================ Candles are once again challenging up with GREEN line's strongly support. If support is confirm, The Candles will go to challenge to the red line.
OANDA:EURGBP has given a strong upside breakout from previous 4 weeks range. It has been retracing towards fib 50-75% levels where we can look for buy side setups.
TRG has been experiencing some downward presseure recently with a series of lower highs and lower lows and now in a accumulation phase. However, recently it broke the bearish trendline with strong bullish div on daily, if candle closes above accumulation zone 74.81 then we will enter at 76.15 , with a secondary buy opportunity at 71.69
Trading Plan for Thursday, April 25th, 2024 Market Sentiment: Uncertain, with bulls maintaining short-term control. Key Supports Immediate Supports: 5088-92 (major), 5082, 5077 (major), 5067 Major Supports: 5054-57 (major), 5033-36 (major), 5005-10 (major), 4966 (major) Key Resistances Near-term Resistance: 5104 (major), 5115-20 (major), 5133-36 (major),...
We can attempt to buy OBOY from specified levels as it give breakout of trendline resistance , accumulation phase , also there is no bearish divergence at current levels. SL , TP mention in chart.
Apple is having a tough period with weakening China demand, lack of growth and innovation, AI lag, regulatory challenges that threaten its lucrative walled garden business model and other headwinds. These challenges weigh on the stock, which shed more than 10% in the first quarter. Along with Tesla, they were the only stocks to fall, among the Magnificent...
We can attempt to short BNBUSDT from specified level if it break last HL , also there is bearish divergence indicate that it move downward. SL , TP mention in chart.
BINANCE:ENAUSDT 📈ENAUSDT 49Min Long Setup📈 ⚡️Quick long position with High risk status.⚡️ TP 1-2-3-4 and SL are on the chart. The Alternate scenario is also plotted on the chart. ⚠️Don't forget to de-risk your positions.⚠️
We can attempt to short BONKUSDT from specified level if it break last HL , also there is bearish divergence indicate that it move downward. SL , TP mention in chart.