XAUUSD SELL OPPORTUNITY Potential pullback or corrective structure in short term.. Thank you for support and likes. Feel free to comment below.
XAUUSD Technical Overview: Week Pivot: 1191.82 Week Key Resistance: 1200.74 - 1206.16 -1215.16 Week Key Support: 1182.90 - 1177.4 - 1168.48 Technical Indicator: Moving Average: SMA 200 (1196.65) & SMA 55 (1198.28) strong resistance for gold. RSI: The indicator shows downward momentum & having strong resistance at 53.41 level (See in chart) Technical...
XBTUSD Technical Overview: Trading Range: $6,430 - $6,788 Key Resistance: $6,630 - $6,676 - $6,743 - $6,788- $6,945 Key Support: $6,548 - $6,491 - $6,464 - $6,420 - $6,364 Technical Indicator: Moving Average: Simple Moving Average 100 ($6,570) & SMA 200 ($6,574) strong support for Bitcoin intraday. RSI: RSI lacks bearish momentum & strong support at RSI...
Gold has been very choppy. Waiting for a breakout of this consolidation zone to lower support. People may have caught the breakout of the underlying bullish trend line but if you haven't be patient as we are consolidating. Anything is game, though good insight towards a further drop for a SELL - as we have strong bearish movement on this pair. Cheers...
Gold closed bearish last week and was below the weekly pivot area for this week. It is possible that it has completed the ABCDE triangle pattern by breaking down support, if the ABCDE pattern is finished with point E at the high price on Friday ($ 1211.05 / oz) then the big chance is bearish and continues the downtrend with confirmation of a break down of $ 1192...
XAUUSD Technical Overview: Day Trading Range: $1186 - $1208 Pivot: 1196.75 Key Support: $1194.45 - $1188.88 - $1184.50 Key Resistance: $1198.25 - $1203.88 - $1208.89 Technical Indicators: MACD: MacD is having low selling volume. RSI: RSI is still below 50 level. Moving Avg: SMA100($1197.68) & SMA200 ($1203.13) strong resistance for yellow metal.. Most...
today opened slightly above pivot, and still moves in the daily pivot area for today. The price movement looks to be consolidating and forming a triangle pattern, wait for the price to break out the pattern to open a position. First option: -Open long positions if the price breaks up -TP1 at the first daily resistance -TP2 at the second daily resistance -SL on...
Gold starts moving below the pivot and breaks suppot on trading yesterday, but still looks bullish divergence and the price is still in the previous demand zone. First option: -Open long positions if the price breaks and moves above the pivot -TP 1 at the first daily resistance -TP 2 to the second daily resistance -SL in pivot or in the last swing low. -Wait for...
Prices have moved below the daily pivot but are still stuck and there is still a chance to continue the channel formed. First Option: -Open a Buy position if the price moves up again above the pivot. -TP 1 at the first daily resistance -TP 2 at the second daily resistance -SL can be placed below the pivot or at the last low ($ 1199 / oz) -Wait for confirmation to...
Prices are already in the supply zone and there is a divergence between prices and RSI Open short positions if the price moves below the daily pivot: -TP 1 first daily support -TP 2 second daily support -SL can be placed on the last swing high or a few points above the pivot. -Wait for confirmation to open a position
Gold closed at $ 1204.90/oz and traded with a fairly positive price movement on trading last week, where the lowest price was still in the weekly pivot area and the highest price was in the first weekly resistance area (R1), seen also experiencing a significant price spike in Friday (8/24). The price is very strong also still maintains price movements above the...