DeexTiny

DeexTiny

Previously on US30. we had price ran into a consolidation around 34000-34250, after which market broke below 34000 clearing the lows, shortly after that price rallied up and cleared out all those highs created around 34250. on the H4-H3 tf we had the price closed with a shooting star for the week, what you should notice is that the last H4 and H3 candles closed...

DeexTiny

gold is creating a bullish market environment but its not just ready to move up.

DeexTiny

yesterday price was able to retest 1980 resistance. price currently ranging in that cycle, however a sustained break above 1980 could give price the possibility to retest 2040. on the contrary a failed break above 1980 with some reversal confirmation can cause price to drop back to 1940.

DeexTiny

xauusd has reacted to it mid-range level 1955-60, however, price is likely to retest the previous zone resistance-support 1935-40. A bullish rejection on that zone could help price project up to the 1980 zone (resistance). zones to look at for are 1940 for a buy and 1980 for a sell.

DeexTiny

from a technical perspective, price broke through SUPPORT and now we are seeing price retesting.

DeexTiny

After price drop rapidly from 1930, we had price moved up again to test the level (1930) forming a DEMAND ZONE. candlesticks have proven also that the zone is valid.

DeexTiny

price currently forming some type of double bottom, in which if it's valid with the current H1 candle closing bigger than the previous, we could see price move higher ahead of Jobless Claims.

DeexTiny

if the current H1 candle closes above the previous 2-3 H1 candles, we can potentially see price climb 80pips to $1,918. possible senerio: Buy

DeexTiny

looking to see price fill the supply zone (1918-20) and with some candlestick confirming price, I'll enter for a short position, untill that not position.

DeexTiny

watch 1960-62 as it is a critical zone from where price can fall or rise drastically. looking to sell tho.

DeexTiny

xauusd have clearly break and closed below support level 1935-32 with a H4 bearish engulfing candlestick. at this price, 1910 -1900 is expose for target.

02:40

DeexTiny

market is neutral at this moment, however this is the approach

DeexTiny

after gold price rallied from it demand zone at 1954 yesterday, gold is getting ready to break 1985 and head on to 2000

DeexTiny

After xauusd rose up from it previous fall from the 1970 to 1950 and back to 1980, gold have been trading in a decline channel which currently transforming into a bullish flag pattern and stretching into the 0.50% fib ratio. XAUUSD is possibly buying, more buy confirmation if price break above 1984.