Xauusd forming bearish pennant on 4H wait for a breakout on 1H timeframe for our next trading opportunity.
A break and close below the 1755 area would open the door for the 1724-1700 area and 1680 in extension.
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This is just an...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Have a safe trade
(Risk disclosure) Trading foreign exchange carries a high level of risk and may not be suitable for all investors/traders. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment...
Since I have shared all about GOLD. It's main trend is down and still moving down, so you have to just follow a simple logic that price will go up and fall back, just see candlestick where it's forming a strong signal towards down just pull your trade.
Still there is no such mark of uptrend in news or anywhere. I think it will take inverse in next month or...
Hello friends. Last week I made a prediction of the possible path of gold. It moved largely upwards but could not break the white bearish trend line and returned to its support area.
However, after the fall, it could not break its support floor, and this support area is located on the 0.618 Fibonacci level of the previous uptrend. So it may end its downward trend...