Gold-Tech

Gold-Tech Updated 

The beginning of correction ↓: Strong rally ends with a false break of the local level 2043 and global resistance 2049. The market should gather potential and liquidity before the next spurt as the global target of 2068 is not yet reached 1) False breakout, stoppage 2) No update to local highs 3) Distribution stops in the 2049-2045 area, indicating the start of...

Gold-Tech

A stalemate! News ahead: Prerequisites for the fall ↓: 1) False breakout and price consolidation below the channel resistance can send the price downward 2) A breakout of 0.382 Fibo may trigger a fall. 3) The price may reach the trend support as part of the correction 4) This decline may start on the background of bullish news in the US market. Prerequisites...

Gold-Tech Updated 

The currency pair is forming preconditions for a possible break of the trend support and an attempt to change it. The price forms consolidation near the support even after the level retest. there is no expected reaction - bounce from the level. Bears are trying to dominate We are getting a chance to see a trend change. But again, since a bullish trend is...

Gold-Tech

Gold continues to strengthen on the trend. This market is attracting more and more investors every day on the background of geopolitical and fundamental factors. I expect the market to continue its upward trend as there are several reasons for this. 1) We are in a strong bullish trend 2) Price is breaking strong support lines today and testing new highs. 2.2...

Gold-Tech

GBPAUD breaks the resistance of the descending channel and forms consolidation. The market is forming a support retest before the upward jerk. Most likely, there is still not enough liquidity for growth, although the pound sterling has been showing bullish dynamics lately. Prerequisites for further growth: 1) Bearish channel resistance breakdown 2) A symmetrical...

Gold-Tech Updated 

GOLD is not giving up. The price continues to observe the boundaries of the uptrend. Another retest of resistance after a test of support is being formed. At this point, a setup is forming, after which a correction to the trend support area may be formed Prerequisites for a pullback and further growth: 1) Price tests resistance three times, each new reversal is...

Gold-Tech

EURUSD is forming a new ascending range. The support of the trend is the previously broken resistance of the ascending channel. A pattern is forming on the chart, which may strengthen the price to the next psychological level of 1.1000 Prerequisites for further growth 1) Bullish trend 2) Weakening trend in the US dollar, which technically strengthens the euro. 3)...

Gold-Tech

NZDUSD shows us bullish dynamics. At the moment a false break of resistance is being formed, against which a correction may be formed, as the dollar may strengthen a little bit Prerequisites for further growth: 1) Bullish trend 2) The dollar will weaken further as the US inflation is weakening. 3) NZD price is rising against the dollar, the currency pair is not...

Gold-Tech

GOLD is recovering at the retest of the support of 1932. The news background favorably influences the price of metal. During the rally, the market breaks the level of 1962 and apparently heads towards 2000 Prerequisites for further growth: 1) Bullish trend 2) Favorable fundamental background 3) Price consolidation above previously broken resistance 4) After...

Gold-Tech

GBPNZD under market pressure is declining towards the support within the formed range. On the background of the rally, there is a high chance to see a bounce from the support before further decline. Prerequisites for a rebound and for a fall: 1) We have a downtrend forming within a bearish price channel 2) False break of resistance indicates buying weakness, the...

Gold-Tech Updated 

GOLD is under bear market pressure. The sell-offs bring the price down to 1932 and form a consolidation. The market is building up for a further fall, and the correction may be quite protracted. Prerequisites for further fall: 1) there are no deep pullbacks after support retest 2) Consolidation is forming in the zone of local minimum. 3) Strong dollar negatively...

Gold-Tech

NZDCAD forms a trend change and continues to update local lows showing us the current trend. Prerequisites for further decline: 1) The market is neutral, flat is formed 2) The price bounces from support and heads to resistance to retest the line. 3) Locally - bearish trend. Resistance may push the price back Resistance levels: 0.8134, 0.8144, 0.8155 Support...

Gold-Tech

EURCAD is forming a pattern that can continue trend formation. On the chart we see an ascending triangle and a rebound from support. I am waiting for a breakout of resistance Prerequisites for further growth: 1) Fundamentally, EUR has a positive background 2) Bullish trend 3) Rising triangle and bounce from support 4) Price forms resistance retest 5) Waiting for...

Gold-Tech

GOLD is in the phase of realization of the reversal pattern "head and shoulders". Breakthrough of 1962.67 level and subsequent retest with further decline confirms this nuance. Prerequisites for further decline: 1) Weak fundamental background - the dollar is strengthening due to the news 2) Gold tests 1962, but cannot break through the level and the price falls...

Gold-Tech

GBPCHF is forming an attempt to break through resistance, but the liquidity area and fundamental component does not allow this to happen. A reversal setup is forming. The price breaks the trend support on the background of weakening of the pound sterling. Prerequisites for further decline: 1) The pound sterling is weakening in the market. 2) The price breaks the...

Gold-Tech

Gold is falling, but as part of a correction against the main global trend. After 3 weeks, the price is heading to the support to test this area. After such a period of time there is little chance to break this support, besides we have no preconditions for it. Prerequisites for a possible rebound: 1) Globally - bullish trend 2) Fundamentally - incomprehensible...

Gold-Tech

EURUSD is forming a support retest on the background of the correction when trend resistance is tested. The level of 1.0675 has already been formed and is a strong mirror support level. Another retest may confirm the bullish position and direct the price upwards. Prerequisites for further growth: 1) The dollar index is in a stupor and most likely ready to...

Gold-Tech Updated 

GOLD is forming a correction when breaking the local trend support. The panic zone is the support of 1964. The price is testing this area, I do not think that after such a strong movement the market will have the potential to break the level. Prerequisites for a possible bounce from 1964: 1) A strong move wastes potential. The opening session was around 1976,...