DCBFOREXTRADING

DCBFOREXTRADING

XAUUSD moved within the ascending channel, which formed when the price touched the channel borders 6 times and has been valid since 23 April. Current situation The price is moving towards the lower border of the ascending channel. Possible scenario Analysts recommend opening a Sell order with a take profit near the lower channel border.

DCBFOREXTRADING

“You can take trades by seeing breakouts or pullbacks from the support and resistance levels shown on the chart.” Support and resistance levels are fundamental concepts in technical analysis used to identify potential turning points on a price chart. Here’s a brief explanation: Support: This is a level where the price tends to stop falling and bounces back up....

DCBFOREXTRADING

“You can take trades by seeing breakouts or pullbacks from the support and resistance levels shown on the chart.” Support and resistance levels are fundamental concepts in technical analysis used to identify potential turning points on a price chart. Here’s a brief explanation: Support: This is a level where the price tends to stop falling and bounces back up....

DCBFOREXTRADING

“You can take trades by seeing breakouts or pullbacks from the support and resistance levels shown on the chart.” Support and resistance levels are fundamental concepts in technical analysis used to identify potential turning points on a price chart. Here’s a brief explanation: Support: This is a level where the price tends to stop falling and bounces back up....

DCBFOREXTRADING

“You can take trades by seeing breakouts or pullbacks from the support and resistance levels shown on the chart.” Support and resistance levels are fundamental concepts in technical analysis used to identify potential turning points on a price chart. Here’s a brief explanation: Support: This is a level where the price tends to stop falling and bounces back up....

DCBFOREXTRADING

**Gold's value has experienced a decline in the recent period,** **Indicating an oversold condition in the local markets.** **With the price nearing a solid support level at \$2320,** **An uptrend in gold prices may be anticipated.** **Consider a bullish position.** 🚀

DCBFOREXTRADING

Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily. The market closed on a key horizontal daily resistance. Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation. Wait for a confirmed breakout to buy. Alternatively, we may see a pullback from the underlined structure. I will monitor a...

DCBFOREXTRADING

Here is my latest structure analysis and important key levels to watch on EURUSD next week. Consider these structures for pullback/breakout trading.