The price is stuck in 1270-1280 band since 20th October, which is unusual for gold_ market. Neither bulls nor bears are strong enough to push the price out of the band. The limits of consolidation zone seems to work quite better than other technical indicators. Basing on the market expectations on USD strength, I remain bearish as long as the mid-October high...
Wednesday’s pin high level (on 4H chart) ~7900 was the signal for correction. Price rebounded back to cycle low level ~6400. I think the reaction from cycle low line will be under test during the weekend. Neither direction has been confirmed yet. Need to follow and confirm rejection from the cycle low or break of this line before taking position.
Following the higher high level (5800) of last Friday, I expect the price either to retrace or consolidate before making the next move for +6000. The bullish momentum is still active, but needs to breathe for the next spike. I will be watching for the possible dip points to long, no clue until now. The ballerina shall make an elegant sauté …..
Gold_ price could not climb further above the Monday peak of 1306. If it was able to reach above 1313_ level, that would be a bullish signal by a new higher high. But rebounding from 1306 level forms another lower high. Lower high series starting from 1357 continues, and the bias is still bearish in my opinion.
SHS_ formation moves to almost completion. The price faced a strong reaction from MA200 on 4H chart and bounced back downwards. Downtrend signals becoming more obvious as time passes, maybe it’s the time now to see a lower low on the right side of the chart.
Following 4200-5800 spike, the need for a consolidation or a correction was obvious. Price seems to consolidate within 5400-5800 band, 5800 level acting as a tough resistance for now. Watching which way the band will be broken, and still looking for a long opportunity for the next spike. Eucalyptus just above 6000…
(1) Gold price retraced back from Fibo 61.8 and broke also Fibo 38.2 retracement. In my opinion this picture is a bullish signal as far as it stays above Fibo 38.2. (2) On 4H chart, EMA200 broken upside. But MA200 still resisting. (3) Red resistance line active since September. (4) Orange support line may work as a resistance line. 1300 psychological level was...
SHS_ formation became more apparent. EUR waits just for a finger touch to shake it and direct it downwards. Then we will have a lot of support levels to discuss till next spring.
Since last Friday, bitcoin prices spiked from 4300 to 5800 high of last night, making a range of 1500$. The price seems over-stretched and maybe needs to breathe a bit. (1800-5000-3000) Fibo extension level 0.786 was reached at 5400, even broken up to 5800. This makes a new higher high. The higher Fibo extension level 1.000 around 6000-6100 seems to be the next...
AAPL progress | Watermelon | Chart art
Following bounce back from Fibo 61.8 retracement level, gold price climbed back to 1290s again. Now the price is around EMA200 on 4H chart. I think that this year’s popular resistance band of 1295-1300 shall determine the direction. (1) If the band is broken upside above 1300, this may confirm that 1355-1260 decline was a retracement of the 1205-1355...
Making a dip around 3000, the market recovered back to its bullish mode. The price climbed up to early-September high level 5000 again, this seems to be a second trial to break this resistance. If broken, Fibonacci extension points the next high level as 5400. By the way, this Hadouken’s haircut is really terrible:(( recommend him a good barber…
" A son of the sun " Bitcoin chart illustration I make this "Art chart" for everyone who is in a relationship and interesting BITCOIN! My full respect the most powerful crypto in the world. I just want to see BTC up & up in next years. More strong... Thank you for comments guys (y) Welcome everyone!
Price is range-bound between 1.17 and 1.19 since end of August. Today this consolidation channel might be broken. I expect remarkable volatility after release of FOMC Meeting Minutes today. Actually we have priced in already what we heard from FOMC members, so there shall be something extra hawkish in the minutes to see (maybe a clue regarding a possible rate...
Chart patterns give clues of trend reversal to long WTIUSD. Shortly @trajkovic will take stage and explain us the rest of the story…
Although not perfect, gold is doing its best to build something symmetrical...
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