Hello and welcome to the ForexIR channel. The price has reached the supply zone. If it can't break through this area, you can enter a short position after a retest. I have set my targets
The market is still testing resistance by forming range. The price created a fake break with divergence . I look forward to testing this level and I think price may go down because price failed to update its highs. I expect that the price may fall from resistance. My target is still support 1.02000. Traders, if you liked this idea or if you have your own opinion...
The price is in an ascending channel if the price can break the channel Below the area of 1.08925, we can enter a short position The 4-hour bearish candle should be closed in this area
If the price can break the specified resistance with a bullish candle. After retesting, you can enter the purchase position. The target is specified. what is your opinion
Gold moves in a descending channel. If the price can break the range of 1952, then the price can move up to 1928.1924.
After the support failure, the price can be predicted to move up to the range of 0.6092. Please check it yourself
I predict that the price will move up to the demand area. This is a prediction, please check for yourself
As you see in the 4H time frame, price is in a downtrend and currently it is retracing the previous bearish move. There is a resistance zone between 166.800 - 167.400 which has been hold the price for a while. Moreover, we can see the weakness on the bullish candles and log upper shadows which indicate the bulls are getting rejected and there is more bearish...
If the ceiling of the downward channel is broken in the range of 1.2075, you can buy with the target of 1.2170. SL: 1.2020
After breaking the resistance and stabilizing the price, we buy in the range of 1.92252 to the target of 1.93786 Stop Loss 1.91231
In case of breaking the ceiling of the downward channel in the range of 1.0690, there is an expectation of price growth up to the range of 1.0880. Loss limit: 1.0635
After the price crosses the support, we can enter a sell position after retesting
After retesting the support and breaking the trend line, I expect the price to move up to 0.65065.