Looks like we will break $1850.000. $1867.000 is the next target; I'm long from now. We have rejected the 4hr zone perfectly, now i believe bullish momentum will push gold further
Gold has had bullish push, I believe we will see some relief before having a push towards $1850.000.
Here is my analysis for the next couple weeks on sterling. I will be shorting around the 1.37000 level.
Previously aligning with our analysis, gold is falling towards $1770.000. We will see price action reject our daily support plus our 78.6% fib. If price action respects this level; this could push gold into $1850.000. Please comment below ideas and let me know what you think of this analysis.
More bullish price action to come. I have longed GU, hit fib and rejected daily resistance perfectly
Gold has formed the right shoulder; as well as rejected the 4hr & daily resistance level. Furthermore, it has respected out 4hr 61.8 fib. I believe price will fall as according to the chart I have posted. I will enter a trade on the retest of trendline. I HOPE EVERYONE HAD A LOVELY CHRISTMAS & A HAPPY NEW YEAR! LETS SMASH 2022!
heres a potential scenario, ethereum needs some relief so I can see price action falling before we start longing
I have shorted BTC, my short target is 47,500, before I long back towards the 54k area
price action is weakening, if we see a reversal candle. We will see XRP hit $1.20 very soon.
BLUE = BULLISH SCENARIO RED = BEARISH SCENARIO Potential inverse head and shoulders forming, if we see this pattern form, then this could be the bullish reversal we are waiting for
Gold looks like its going to reject the $1790.000 and then we could see a bullish drive into $1830.000
Potential outlook on GA: I see price action going towards my resistance area before falling even lower
Hope everyone has had a great weekend. Here is my analysis for gold next week, as we can see a head and shoulder pattern is forming; this is a huge indicator that price will fall lower. My target is 1720.000
Daily bullish engulfing; plus a rejection of our fib level. I see gold having a bullish move back towards $1825. However I do see inverse head and shoulders forming beforehand. Hope everyone had a great weekend!
Ethereum is stuck in a channel. bearish momentum might push price to $3,600 (our daily support) before we see a correction. However, if price action reverses here at $4,000; we could potentially have one more push up.
BTC has been very bearish however, are we going to see relief at this $52,000 weekly support? Price action has wicked through support area and touched my trend line (third touch). If we see a reversal candle, I believe BTCUSD could be on its way to see an ATH.
xrp has recently been moving quite bearish; same as majority of the crypto space. If we break the support area of $0.89, xrpusd next level of support is $0.75- which also corresponds with the daily 78.6% Fibonacci level. From here I hope to see a bullish correction. Hope everyone has a great weekend!