Introduction:
In this S&P 500 index trading view, we will explore a potential shift in the market towards the upside. By analyzing recent price movements and identifying key levels, we can assess the possibility of entering long positions. Let's delve into the details and examine the current market scenario.
Price Action and Target:
From Friday's high, the S&P...
In the recent developments of the XAU/USD market, the downtrend appears to be continuing its course. During the New York session, the price exhibited a significant move into the previously mentioned imbalance levels of 1954.905 and 1953.020. This move resulted in a downward reaction, extending overnight and reaching the market imbalance of 1945.625 and...
Introduction:
In the world of trading, the ability to accurately analyse market trends and identify potential opportunities is crucial. In this trading view article, we will delve into the current analysis of the XAU/USD pair and explore a possible trading strategy based on a downtrend scenario. By examining recent market movements and identifying key price...
Gold Spot 5 % price growth prediction.
With Gold's Value having a decline of -2.13%, we saw mid-week market consolidation at the new market lows at $1781.40 per Oz, giving buyers a chance to bid in the new lows to push the market supply to my target of $1870 per Oz.
Gold Spot, -2.13% price decline prediction
With NFP figures leaving the Gold Spot value at $1834.01 per Oz, which left the market on the technical side overbought triggering, market sellers to come in and potentially decrease the value of the Gold Spot to a psychological price level - $1795 per Oz.
Beginning of Third quarter market performance
With the end of the first month in the third quarter, Gold performance was great to leave some clues to, which we can speculate the future value of Gold on the technical side of things.
This past week we saw Gold have a 2.22% price spike breaking out of the market ranged, lasted for 7 days (excl. Weekends). A +$40.27...
With XAUUSD trapped in a consolidation of $1815 per Oz (Resistance) & $1800 per Oz (Support).
My Projections for this set up is to see XAUUSD fall into $1791 per Oz due to us seeing the dollar gaining some strength entering the 3rd quarter of the year, however my overall projections are seeing the value drop to $1770 per Oz.
#EazyMoneyShooter
WITH THE PRICE FAILING TO BREAK PAST THE 136.635 PRICE WE ARE PRESENTED WITH A SET UP FOR GOING LONG. AS MULTIPLE CONFLUENCE IS LINED UP.
WHICH BEING 1. CONSOLIDATION ON THE DAILY 2. NEW HIGHER LOW
3. AN INVERTED HEAD & SHOULDER PATTERN
TARGET PRICE - 137.696
LET ME KNOW YOUR THOUGHTS IN THE COMMENT SECTION
Moving into another week coming from a week where there week concluded into a bearish market , however this week has a few confluences to signal this week becoming a bullish market. To kick it off we immediately see a inverted head & shoulder pattern as well as price at a new higher low signaling price rejection of the 136.437 price.
Another top pick for the week is the EURNZD , reason being we have been seeing in the past weeks a channel which has formed.
As I breakdown the chart I noticed price is currently at a new low which are the best opportunities to wait for long positions, with that being said a inverted head & shoulders has formed on the daily timeframe as well as a trend line...
FX:AUDUSD
With a new week coming in we see a few confluences that give out price reaching the 0.70443 price.
Currently we are in a long term uptrend which began during the covid-19 lockdown phase, that being said price is currently in a slight pullback which created new higher lows.
However when we go down on the lower timeframes (Daily , H4 & H1), we notice...
PRICE FORMING A FLAT TOP FORMATION WHICH IS A SIGN OF THE PRICE GOING FOR THE SHORT POSITION POTENTIAL RETRACEMENT OF THE TRENDLINE CREATING THE 3RD TOUVH TARGETING 58 PIPS TO THE DOWNSIDE .
