Price action analysis for Gold. Important key levels. Directional bias. Trading plan. ❤️Please, support my work with like, thank you!❤️
Mining Companies discount based on FEF prices. Support area where we can find good opportunities for Long position.
The DXY finds itself at a juncture, rallying amidst mixed economic cues and rising global tensions. Today's retail sales figures, dipping into the red, contrast with the index's upward trajectory, suggesting an intriguing divergence from the expected market reaction to domestic economic indicators. Technical analysis: The DXY closed above the 106.00 mark,...
Gold continued to fall after hitting an intraday high near 2372, with the lowest hitting around 2345. So far, although gold still has some rebound, it is difficult to continue its strength. Judging from the current market reaction, gold did not rise as strongly as before due to the surge in risk aversion over the weekend, but showed an inability to rebound. Then...
CHFJPY successfully broke above the neckline of a flat top triangle pattern on a 4-hour chart and closed above it. This signals the strength of the buyers and suggests a possible return to a bullish trend. The next targets for buyers are 169.33 and 170.03.
💹 Let's review our previous analysis and update this chart, taking a look at this currency pair for trading in the futures. 💡 In higher timeframes and on the weekly chart, we are approaching a weekly resistance. The last encounter with this resistance was almost 200 days ago, and now we're back to it. Currently, we have a bearish chart in higher timeframes. 🕰️...
AMD is hitting the resistance of the broadening wedge, from a daily chart perspective price is seeking a daily cycle high so there is an opportunity to tru and hit resistance again but once a swing high forms at the weekly we have higher confidence that price will retrace at minimum to the black mid-line.
Trading Plan for Monday, April 15th, 2024 Market Sentiment: Highly uncertain due to major geopolitical headline risk over the weekend. Expect significant volatility and potential for large gaps up or down at the Sunday open. Important Note: The escalating tension between Iran and Israel has the potential to cause significant market disruptions. BE PREPARED for...
Looks like the Retail Sales data may strengthen US Dollar today. As a confirmation, I see a very bearish price action pattern on EURUSD: bearish breakout of a rising wedge pattern in a bearish trend. I will expect a bearish movement at least to 1.063 ❤️Please, support my work with like, thank you!❤️
Trend Analysis: AUDCHF is currently exhibiting a Bullish trendline on the 4-hour time frame, indicating a favorable upward trajectory in the market sentiment. Additionally, the currency pair adheres to Dow Theory principles, further reinforcing the bullish bias. Fibonacci Retracement: A retracement to the 0.786 Fibonacci level has been observed, signaling a...
USD/JPY has been bullish since January 2021 and is currently in an ascending triangle pattern, indicating a potential push through the 152.000 resistance level. Is this the moment to long? How do we trade this? 🤔 We need to wait for a confirmed breakout of 152.000. The probability of a breakout is high, but we need the confirmation of support at 152.000 to...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago rebounded from the support line, which is located inside the buyer zone, and made impulse up to 68200 points, thereby breaking the 62200 support level. After this, BTC corrected the support line, after which the price in a short time...
The crisis situation in the Middle East attracted global attention over the weekend. Although it seems to be in danger, it is actually on the verge of danger. All parties are working hard to turn the crisis around, and the impact on the market seems limited. After Iran launched a large-scale attack, it quickly announced the end of the operation, and Israel...
There must be some hobby, just like the love of time for plants and trees. I didn’t feel deeply about it before. As my trading time and age increase, I find this statement more and more wonderful! This kind of hobby is like finding a place for the soul to live. Especially every time I focus on the market and make a settlement, every time it runs as...
We are lookin for more pump here or from our major support zone which is 0.10$ support zone and the pump we are looking for may be now or after a weeks range near our support. DISCLAIMER: ((trade based on your own decision)) <
As we mentioned before price now is touching our major resistance zone which is form here based on Fibonacci levels and we are looking for a heavy dump here and also we have an open high-risk short now with 1:4 RiskReward. DISCLAIMER: ((trade based on your own decision)) <
We expect further downside on this pair, signalled by the formation of a triple-top pattern. We can also see the breakout of a counter-trendline supports our directional basis