The market fell from main resistance zone and moved towards support levels. The price bounced off the resistance that was tested before and the market made impulse move from it. The market updated its lows after breaking through the strong support. I think it might go down to test the next support. I look forward a pullback to resistance zone then fall from it. My...
The market is in the potential range zone. The market made a pullback from the resistance zone. It made a higher low, but the price did stay above the previous highs. You can see that the price made a similar move before when the impulse leg was made, then the market went sideways. I expect some ranging market; the price to go up from the support level and retest...
The gold market made impulse move up and broke the resistance zone. The bulls are pushed the price up out of the channel on the 1H timeframe. Price action is ranging zone after level breakout. I think if the price falls toward support zone at 1960-1963 then we can buy from it potentially targeting the 2000 level. On the 4H timeframe we can see resistance at 1980...
The market is in the upward channel and now price is updating the swing lows. It's heading towards resistance zone and channel border after testing the support. I look forward a test of the support and more downward moves because the trend on the daily timeframes is bearish. I expect fake breakout of the channel and upward trendline then continue trending...
The price broke and fixed above the previous high on the 4H timeframe by updating new highs after the news release. The market made a second impulse move. If the price action makes a pullback toward previous support, most likely it will bounce off it. The price most probably will range at the resistance because, after the first impulse move, the price was ranging...
The market made a pullback towards resistance zone after an impulse leg down. The market made a correction against the main trend on the 4H timeframe, but we have upcoming news that can change the direction. I think it might make 2 legged pullback and continue moving downwards. The market made bullish then it went down on Thursday. And now we have similar...
The market pulled back to resistance after breakout of the range zone. Price broke the previous resistance zone which is support level now and swing zone. I expect the market fall from resistance zone toward swing level and border of the upward channel. On the 4H timeframe the price has reached key resistance because of it the market may form fake breakout of the...
The market is ranging after impulse movement. Price action is a bearish trend on the daily timeframe. If it rejects the resistance zone, then the market may continue moving in the rang zone. We can see the market is making from one news release making strong move and then sideways move untile next news release. We have news coming up that can change the price...
As I predicted last week the market fell and reached a key support. The price stopped at the level where the price bounced off. There was a strong move down from that level. Also this is an area that previously showed signs of noise and so it is likely that price will range or make a pullback. If the price can reverse from here, a test of the level 1950 - 1960...
The price was rejected the resistance by forming long tailed bar. The market is ranging at the strong resistance 1.68000. It does not show sign of the bullish strength. I expect fall from the resistance zone and retest the support. On the 4H timeframe the market reached the main resistance and made rejection candle. My goal is to support 1.67050 Traders, if you...
The market is in the range zone after price rebound. The market made a pullback, but with no momentum. Price action in the downward trend on the daily timeframe; the market may go down to retest the support level, and possibly new lows. As you can see the price formed a fake berakout of the resistance at 1.071000. I expect the price to form 2 legged pullback...
We continue to study the works of Australian trader Lance Beggs. If last time we talked about how to analyze the weakness and strength of the trend, now it is important to focus on understanding the market structure. In general, the operation of the market is based on two principles: the price moves between support and resistance levels and if the price breaks...
The market fell from resistance after double top . Currently, the market is ranging and it is heading toward support and lower border of the channel. We have the strong level at 96.000. I expect pullback to resistance from support, because the market bullish on the 4H timeframe and the price made 2 legged pullback. My goal is resistance at 96.585 Traders, if you...
The gold market made pullback after breaking the range zone. The price broke and fixed below the range zone as well after impulse leg. I think the market may go up for a pullback then go down grabbing the liquidity above the recent LH. The resistance zone between 1968 - 1970 is a range border. If the market shows some lost momentum or rejection at resistance I can...
The price perfectly fulfills my last idea. The market bounced off support and hit the target level. The market reached strong resistance and upward trendline. The price pulled back 2 times by making impulse bearish move. If the price make fake break at the resistance 1.68000 and upward trendline then I expect can fall from the resistance level, return back to...
The price made impulse leg from the resistance. The market broke through the range zone. The maket falied to update the highs. If it pulls back to resistance zone and rejects it, then we might see a further downward move because we have strong bearish candle on the 4H timeframe. On another hand the DXY made fake breakout at support level that suggest that we might...
The price perfectly fulfills my last idea. It reached the target level. The gold market made lower low. It broke the previous weekly lows. I think the market may go up for pullback because we can see the bearish impulse is losing is strength move. The support zone between 1935 - 1937 is strong level that's why price is slowing down. Probably it will push price...
The price has tested thesupport level and lower border of the downward channel. The market updated its lows and pulled back to the strong resistance zone at 0.90000. The market trend is clearly bearish on the 1H timeframe. The price action formed a slow pullback which means the market doesn't have enough strength to go further up. I look forward double top or fake...