New entry point for the long position.
Entry point can be confirmed when bull gains strength to break the resistance point along 1765. If successful breakthrough happens, it the bulls will keep moving.
TP2 (long term goal): 1800
Gold will keep pushing up.
W (double top pattern) on the Daily chart formed on the #0th and the price has already started its bullish movement since then.
ADX: on the 4H the bulls are gaining momentum
MACD: In the 4H gave a buy signal
Parabolic SAR: Buy signal on the 4H
We can see on the Daily chart that the price is at the bottom a flag, it can mean that on the lower timeframes there would be a trend reversal (price overall is a downtrend) so the price might starting to reverse.
On the 4h chart we are waiting for a confirmation of a breakthrough of the the downtrend.
Price tend to retrace before it continues the...
On the 4h chart, with a Double Bottom pattern and the Parabolic SAR buy signal, my prediction is that Nas100 might keep its bullish trend and the confirmation to Buy should be around 13287.1.
Price might retrace on the buy confirmation zone before it continues its bullish trend.
NOTE: Watch carefully because price can be affected in...
Following my previous analysis:
- If Gold breaks the Downtrend line
it might reach our target of 1953.297 where have tested before on the 6th of Jan and find a new support between the levels of 1877.711 and 1855.971
- There is a strong chance to keep a downtrend because there is a Parabolic SAR sell confirmation AND THE MACD levels are (-2.320, 130.200 and...
Gold keeps on a downtrend from the following days,
- If it gains enough momentum it might retrace back to 1906.104 . The downtrend can be broken if the prices crosses the retracement line, starting a possible uptrend;
- The price is currently trying to break the support level at 1755.061 . If the support is broken, our target might be 1687.075 .
- There is a...
Double top patter in 4h chart.
Waiting for confirmation from the parabolic SAR and if prices crosses below 1795 sell will be activated
TP1: 1785 and TP2:1783
Watch carefully price might go against the plan.
Daily: The price is being rejected on the resistance 1 area.
15min-4h Time Frames:
- 1H Timeframe: Inverse Hammer bearish candlestick is identified following a Doji Star bearish candlestick pattern is identified;
- Possible reversal until support 1. If price breaks the (blue reversal channel) and breaks support 2, which is an upper-trend channel. If happens, It...
On the daily timeframe it shows a long downtrend (Lower Lows and Lower Highs). Waiting confirmation when 3rd lower low is identified
1. Price might break through resistance line if price breaks the downtrend
2. Price might consolidate around resistance line and keep the downtrend
In the 45m time frame, while at 1930 it can continue its downtrend pattern. Or can breakthrough the resistance around 1940 an go upwards or it will retrace back down and break through the support at 1920 keep its down trend.
Buy signal would be after it breaks up to 1949 with SL at the support 1925 and TP at 1980
Sell signal would be the it breaks down through...