The market made a complex pullback after forming double top. It is near the support at 0.67000. The price made impulse leg from this level and probably price will bounce off it. I look forward to pullback to the resistance zone and if price makes rejection candles at support level, I think price may go up because the main trend is bullish. My goal is to...
The price updated higher highs. The market broke and fixed above the strong level at 1.11000 which is support now. The level rejected the price several times before. The market always breaks the strong levels with big candle. The price is now heading toward this level and most likely market will rebound from the support and upward trendline because we have range...
The price perfectly fulfills my last idea. The price went up and hit the target. The market retraced. It tested the resistance zone and fell. The market at the strong support level. I expect the price to rebound from the border of the ascending channel and support level at 1.28000. My goal is to resistance at 1.29890 Traders, if you liked this idea or if...
Why Backtest Trading Strategies? The idea of strategy backtesting is to view the performance of a trading strategy in past circumstances. This is an important point in building a profitable trading system. There are various techniques to change the performance of a strategy that affects the final results. A backtest shows the overall profitability of a trading...
The price perfectly fulfills my last idea. It hit the TP. The gold market is heading toward the support level after divergence at resistance. I think the market might pullback to the support levels because it could not update the higher highs. If the price action pulls back to support level and channel's boundary then look for entry buy signals from it. My goal...
The price perfectly fulfills my last idea. It hit the target level. The price broke through the support level. The market updated its lows after breaking out of the support level at 1.9000. It pulled back to the level and downward trendline. I think the market might go down to test support because trend is changing. The price formed rejection candles and it might...
The price perfectly fulfills my last idea. It hit the target. The market broke the support, then made an impulse leg down. The price broke and fixed below the range by making lower low. I think the market might go down to retest the support level if the price make a correction toward the resistance zone. If it rejects the upward trendline and resistance at border...
The price has reached the strong resistance zone. The market has pulled back from this level 2 times before. Price formed potential double top as well as divergence at resistance. I think the market might see some short term pullback from the resistance because the market has already made impulse move up: basic market phases of accumulation and distribution. My...
The price perfectly fulfills my last idea. The market went up from support level and formed range zone. The market formed complex pullback , it tested the support and bounced off at 94.500. I expect the price go toward resistance, because the market is bullish on the daily tameframe. My goal is resistance at 95.850 Traders, if you liked this idea or if you...
The market lost momentum near the resistance zone. On the daily chart, price action formed a long tailed bar; sign of the level rejection. It broke and was fixed below the previous 3 daily candles. The price will most likely continue moving sideways. The dollar index, on the other hand, had double bottomed and broken its previous lower high, so we might see...
The price perfectly fulfills my last idea and it hit the target. The gold market made impulse move up and broke the resistance zone. The bulls are pushed the price up out of the range zone. Price action is ranging zone after level breakout. I think if the price falls toward support zone at 1963-1965 then we can buy from it. On the 4H timeframe we can see quit...
The price perfectly fulfills my last idea and reached target level. The market fell from main resistance zone in the descending channel. It broke through upward trendline and fixed below the support. The bears are pushing price lower. I think the market will make new lower lows and retest the support level. The trend is changing on the daily timeframe. My goal is...
The market is ranging at the strong resistance zone. The bears will probably push the price lower toward the support level. Price action formed long tailed bar on the daily timeframe which is sign of the level rejection. If the market break the range zone it might make pullback toward previous support levels. My goal is the support level around 1.11410 Traders,...
The gold market is updating the swing highs and higher lows and it formed a range zone. The price made breakout of the downward trendline. The market is ranging after impulse leg up and it may form another extension leg. I think gold might retest the main resistance at 1970-1972 area. My goal is the resistance zone at around 1972 Traders, if you liked this idea...
The price perfectly fulfills my last idea. The price fell from the resistance after double top. The market might form a range zone because the price has reached the strong resistance. It tested resistance bounced off making lower low. I expect fall from resistance and upper border of the channel then retest the support. My goal is support 154.510 Traders, if...
The market reached strong resistance zone at 1.1300 point. The price is losing momentum after making impulse move updside. Price action is forming small bar which is sign of the price deceleration. The market show divergence and it suggest that it may drop from resistance. I expect short term pullback. My goal is to support 1.12050 Traders, if you liked this...
Gold rallied slightly during the trading week, breaking well past the 1950 level, and looks like the market could retest the 1975 level, possibly the 2000 level as well. Gold rebounded from the 61.8% Fibonacci and 1900 psychological levels. At the same time, the market looks as if it could go up because the US dollar is another signal that gold could rise higher....
The price bounced off the resistance that was tested before and broke through the upawrd channel. The market updated its lows after breaking out of the channel the pulled back to the resistance and downward trendline. I think the market might go down to test support because it fell from this level before. I look forward a sell signal; rejection candles then go...