MattWalz

MattWalz

For the past 4 months price has rejected the 1.41 support handle until last week when we finally saw a break and close below this zone. I will be waiting for a clear H4 retest and rejection, possibly at the lower time frame descending TL, before entering short on this pair. My target will be the weekly support at 1.373

MattWalz

After a clear breakout of the weekly descending TL, the 8ema signal line (blue) is about to cross to the upside with momentum offering indication of a potential uptrend. Since price has rejected the 0.770 even handle numerous times in the past year, I will be waiting for a break and retest of that zone before confirming a long term bullish bias. If we see a break...

MattWalz

After a triple top formation and break of the ascending TL, I will be waiting for a retest of the TL before entering short. Target 1 will be the 2nd point of the TL which lines up with the monthly support at 84.00

MattWalz

H4 price action formed a bullish divergent triple bottom with the third point rejecting a previously broken trendline. We could see price continue bullish to touch the outer TL, before deciding if we will see a break to further upside potential.

MattWalz

With gold resuming its bearish cycle, AUDUSD correlation is expected to continue downside momentum as well. Price has consolidated around 0.758 with bearish RSI divergence. Upon a break of the ascending phase line, I will be looking for a short entry with bearish H4 price action. Downside targets are 0.750 and 0.745 before reaching weekly levels of 0.733

MattWalz

Weekly price action printed a bearish engulfing at the 38.2 fibonacci retracement. Observe intra-day PA for a short opportunity. Expecting price to continue down to 1135, with overall targets at 1060.

MattWalz

2 weeks ago we saw a break to the upside of the descending trendline after a daily double bottom. Price formed a new structure high and traded down on a retest of the TL. Friday closed as a bullish engulfing and with a market gap on open, I will be looking for a pullback before entering long. Upside targets include 1.43 and 1.45

MattWalz

Price formed a daily double top and broke the ascending phase line. After rejecting the 38.2 fibonacci and daily supply zone, I anticipate gold to continue falling. Targets for downside projection are 1180 and 1122.

MattWalz

Price rejected the upper channel boundary and broke the ascending phase line. Lower timeframe retest and bearish reversal I will enter short to the weekly support at 113.25

MattWalz

Price has reached the third touch of the descending TL in line with the 61.8 fibonacci retracement. If price breaks the ascending phase line, with a change in trend, a short opportunity will be presented.

MattWalz

I am still learning harmonics but it appears price has formed a bearish cypher pattern in line with the 3rd touch of the descending trendline. I will look for a pullback on a lower timeframe before entering with stops above the D point and targets in line with the B point.

MattWalz

Daily price action has rejected the 50ema and formed an engulfing candlestick pattern. After a breakout of the descending wedge and retest, I expect price to rise to the starting point of the wedge around 1.072

MattWalz

We are still waiting to see a confirmed breakout of this consolidation range before entering. My directional bias is still short based off higher timeframe analysis. Patience is key to successful and stress-free trading

MattWalz

After yesterday's news release surging price to the upside, the daily and weekly timeframe have formed a double bottom at monthly support. I will be waiting for a break of the descending trendline before observing long positions. My overall target will be the next monthly support at 1.288

MattWalz

Price found support at 1.388 and formed a heavily divergent double bottom. With multiple daily low test doji candlestick patterns, it looks as if the momentum has slowed and we will see bullish movement. I will be looking for a lower timeframe indication to enter but will be looking to take profit around 1.420 and then 1.450 for a longer term trade.

MattWalz

After price broke out of the ascending channel, price has consolidated into a wedge pattern. I will be looking for either a clear break and retest of the wedge to the downside before shorting, or a break to the upside to retest the channel before shorting. If one of those scenarios plays out I will short AUDJPY with overall target being the monthly support around 84.000

MattWalz

At daily support, Price offered a strong reversal forming a double top. I will take this trade to the trendline and await a break before another short. I expect more downside pressure but with how violent gold can move, I would rather book profits and wait for a reentry.

MattWalz

Price has formed a running double top after breaking into a downtrend. With price rejecting structure, I will wait for a break of the H4 phase line before entry.