Hello,Friends! GOLD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of...
No more talking here as we dare to dream for the possible road map. We wait and see the prints out. The map speaks for itself
It is expected that the index will move according to the specified paths and then the beginning of the upward trend will be formed. The confirmation of the upward trend is the breaking of the resistance trend line. If the red support zone is broken, the continuation of the downward trend is likely
It is expected that after some fluctuation, the price will make a new ceiling and then we will witness the completion of the corrective uptrend. If the price crosses the green support range, it will be possible to continue the downward trend up to the support trend line range
According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that after the completion of the corrective pattern, we will witness the beginning of the upward trend up to the range of the resistance trend line. If the price crosses the red support zone, the downward trend will continue
It is expected that after some fluctuation and correction, the continuation of the upward trend will be formed and it will advance to the specified resistance levels. If the price cannot stabilize above the previous ceiling range, the possibility of a corrective process up to the specified support levels will be possible
It is expected that the current corrective trend will end in the specified support ranges and we will see the beginning of the upward trend. Crossing the previous ceiling range will confirm the upward trend. Otherwise, with the failure of the 78.6% level, the continuation of the corrective and fluctuating trend is likely
The price is expected to follow the indicated path and advance to the indicated support levels after making a new bottom. Then there will be a possibility of changing the trend. If the price crosses the green resistance range, the upward trend up to the resistance range will be possible
It is expected that the corrective trend will change the trend in the current support range and we will see the beginning of the upward trend according to the specified path. By crossing the support range, the continuation of the downward trend will be likely
It is expected that the price will change the trend in the green resistance range and we will witness the continuation of the correction process. If the price stabilizes above the resistance range, it will be possible to continue the upward trend
It is expected that the price will change the trend at the specified support levels and we will see the beginning of the upward trend. By passing the level of 61.8%, it will be possible to continue the downward trend until the support range
We have a completed Up-Trend wave structure in the Cable. Yesterday we saw a pullback below Structure 4 which is a reset structure. The price has stalled at the DH3 which was a Buy point for the last rally that took place yesterday. This is a high-probability setup. BUY Point 1.2754 STOP Loss: 1.2744 PROFIT Target: 1.2816
As it stands, In a daily Time Frame, the market seems to be in a wave 2 correction of the smaller degree, on what seems to be a combination correction. We can be looking to go upstairs but a good confluence comes as there will be a break out of the upper resistance channel (The 1x line). Currently the price is in a correction on the 4th wave of the smaller...
Again, here we are talking about GOLD and how most of the traders will get liquidated again. Majority of the traders are long and price will probably go down till the rejection level at 2349 (where i placed a long limit order for a possible scalp). From there, i expect a bounce till the resistance area at 2370 (sell limit order there) that could push next the price down
If GBPUSD holds above the 1.2700 area, more growth is expected From our previous analysis, the price went up well and the bullish wave was almost 260 pips. So far GBPUSD is pausing before the uptrend resumes again. After the price broke out from a strong area above 1.2700 it looks like the bulls are still holding strong. Chances are higher that if the bulls...
Trading plan: Steady traders can wait until the market drops to around 2325 to buy directly. The target is 2341 or even higher. Aggressive friends can buy directly near 2332. The target is even higher near 2347. TVC:GOLD OANDA:XAUUSD COMEX:GC1! Trading plan: Steady traders can wait until the market drops to around 2325 to buy directly. The target...
Please view and review my daily trading plan for BTC SOL NEAR and Rune and Please if you ll have any questions please leave a comments