GOLD broke the rising support and horizontal support cluster
And is now making a pullback to retest the broken level
From where I am expecting bearish wave to continue
With an aim of retesting lower demand areas
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As it can be inferred from the chart, the GOLD is continuing its bearish rally. Massive bearish candles have broken a zone of structure and have come back to retest it. We are now opening SELL positions and aiming for the area plotted on the graph.
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Gold investors are looking forward to 2 key developments this week: The (fundamental) Fed Interest Rate Decision on Wednesday and the (technical) Golden Cross on the 1D time-frame, which may either be formed on Friday or by next Tuesday.
With the latest news from the Fed's side pointing to no change in their economic outlook over inflation, maintaining their...
If you saw my previous analysis on Silver,
then you know that we were tracking a bearish breakout of a major rising channel on a daily (the chart on the right).
Retesting the broken trend line, the market started to coil.
On 4H the market started to trade in a local bullish trend forming a classic bearish flag pattern...
Prices are currently hovering around pivot level in line with horizontal swing low support, 78.6% Fibonacci retracement, and 161.8% Fibonacci extension. If prices breaks through pivot, prices might push up towards horizontal swing high resistance in line with 127.2% Fibonacci extension. If prices reverse from the pivot, prices might take support from horizontal...
Here is our SWING market analysis:
1)USD-JPY 1 Day Timeframe:
USD-JPY is trading in an uptrend in a rising channel
Which suspiciously resembles a massive bear flag
But as long as the support remains unbroken
I am bullish on the pair and I am expecting the uptrend to continue
Until the pair hits the...
According to htf it's bullish. But according to Market Structure price has to touch those levels before it fly's. When ever you see a buy chance it may be a retracement. Price will definitely touch that level it may take a while to get there.
Hello Traders, here is the full analysis for Gold, I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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Yesterday Gold made a huge downside movement with 23% retraction, That was a nice entry point for the Short position.
According to the current situation, the price has already broken the support level and tested as resistance twice.
Entry Point for Short Trade: Currently ideal time for entry
If you like clean analysis like this please follow for...
Expecting Gold To Continue With Its Push Down But For Now, A Slight Pause With Its Down Move seems Eminent. This Gives Us A Nice Opportunity For A Buy/Long Trade... Ideal Trade Indicated On Chart With A Tight SL Since We Are Going Against The Trend....