AresFx

AresFx

prev post same plan, its coming bois it will dip at least somewhere there first. lower? idk. see a lot of 1950 ideas not yet fam. dip first moon later. dump tmr? mayb? in a few days? next week? but overall bullish on gold.

AresFx

I'm back to gold cus crypto fucked my ass and continues to do so. 1 more dump/dip then send it to the moon.

AresFx

Smaller time frame: Hidden divergence spotted. Price creating higher lows, RSI indicating lower lows. 4H time frame: Sushi created an inverse head and shoulder pattern which is a bullish pattern. The point of control (most volume traded) is at 2.389 meaning that the bulls are currently in control. Target: We can set our final target around 3.380. Please give a...

AresFx

4H time frame: Most volume is traded at 1.78239 which means that is the point of control, if the price is under then the bears are in control and vice versa. It also acts as a resistance line. GBPAUD is looking to create a double top pattern which is a bearish pattern. 15M time frame: The point of control for this session is 1.7813. GBPAUD is in a descending...

AresFx Updated 

Gold fell down earlier but the support at 1855-1865 holds and now is looking to rise and test the resistances. As long as Gold remains above 1840 which I am confident it will because of the massive volume in that level indicating that it is a strong support, then I see Gold reaching 1895 in the short-term and 1940 in the mid-term. If Gold penetrates 1880, then...

AresFx Updated 

ETH is rising in a channel, creating higher highs and higher lows. What do oscillators say? Lower highs and lower lows! This means that buyers are getting stronger and pushing for higher. To easily explain this, I'll just use RSI as an easy example. Remember that 70 is the overbought zone? If price increases but RSI decreases, what does that mean? That means...

AresFx

Just like my previous analysis (linked down below), ETH successfully penetrated and captured 620 as the new support line. Bears are dead, we killed it twice. ETH could go retest 620 so keep your leverage managed. The first target is where the planes (800) are and the final target is the of course the all-time high where the moon is. The rocket only let the bulls...

AresFx Updated 

USDCAD Has been in a downward channel for a while and just hit the resistance level. If the price does not exceed the resistance level at 1.28305, USDCAD is still in a strong bearish trend. Today's spike up can be attributed to the Retail Sales numbers decreasing from 1.1% to 0.4%. However, the consensus was 0.2%. Our first TP is the other end of the channel,...

AresFx

USDCAD Has been in a downward channel for a while and just hit the resistance level. If the price does not exceed the resistance level at 1.28305, USDCAD is still in a strong bearish trend. Today's spike up can be attributed to the Retail Sales numbers decreasing from 1.1% to 0.4%. However, the consensus was 0.2%. Our first TP is the other end of the channel,...

AresFx

EURUSD already broke all resistance levels and is pursuing the next resistance line at 1.25. A pullback to the cluster of support areas is possible but I'd say it is unlikely. However, if it pulls back to 1.217 or 1.2 which is more probable, it will be a great entry to add another buy. Please give a thumbs up if you agree with the idea and if there are any...

AresFx

As you can see from what I've circled on the graph, this point will determine whether or not Gold will be able to reach 1900 by the end of this year. With stimulus and vaccine news backing Gold, it is hard to say whether this strong resistance line will hold or not. Please give a thumbs up if you agree with the idea and if there are any questions, feel free to...

AresFx

Indicators giving higher highs, while the price is making lower highs. This suggests trend reversal. I do not think Gold will have enough power to push through 1850. This current move could also be to accumulate more short positions. Excuse me with the drawings, I’m posting this from my phone.

AresFx

Session Volume says that the point of control (where volume is traded the most) is around 1837. Gold went up 1846 last Friday but ended the day at 1839. Today, it moved below the point of control signaling that the bears are in control. We can expect gold to fall to the first minor support line which is 1812 and then 1800. We anticipated this move last week with...

AresFx

After years of bear market, we penetrated the big bear resistance at $400. As long as ETH remains above $500, ETH is likely to move upwards to $800 in the coming weeks than going back to test $400 again. If ETH falls to 460-500 in the coming days, it would be a good place to long due to that level being a strong support level. People seem to forget that Bitcoin...

AresFx

After years of bear market, we penetrated the big bear resistance at $400. As long as ETH remains above $500, ETH is likely to move upwards to $800 in the coming weeks than going back to test $400 again. If ETH falls to 460-500 in the coming days, it would be a good place to long due to that level being a strong support level. People seem to forget that Bitcoin...

AresFx Updated 

Now that Gold has reached our initial target, it has completed a cup in which the next thing that follows is most likely a handle or possibly creating a W pattern. Gold will eventually need to retest somewhere in which is the 1830 level. The resistance around this area is also very high.

AresFx Updated 

AUDCAD broke the rising trend earlier, now creating lower highs and lows. On the 1 hour timeframe, a possibility of a double top can be clearly seen which gives a good signal for bearish traders if this level holds. On the daily timeframe, AUDCAD created a little crooked double bottom pattern and now is in a pullback phase. I expect AUDCAD to test around 0.94...

AresFx Updated 

Gold has been in a state of accumulation, consolidating in the range of 1825-1848. Every time Gold spiked down, it moves back up to the same level at the high 1830s. In the article I posted earlier, I've also stated that there is a hidden divergence in Gold linked down below, therefore, Gold is more inclined to move up. Please give a thumbs up if you agree with...