The #SHIBARIUM governance token #BONE, is still intact on Uptrend Channel.
The channel which starts from October 22nd Low is showing a healthy consolidations in the price rally movement.
As for now, #BONE is traded at $1.12 near major key resistance level at $1.15.
As we can see, $1.15 level itself was tested starting from 6th October 10x++ already and it is...
The failure to break above above the 4H MA200 (1,666.79) was confirmed as the price was rejected today strongly back to the 4H MA50 (1,648.85), which is the current short-term Support.
As mentioned yesterday, this is a sign of (short-term at least) profit taking.
If you took the short, you are advised to book the profit and wait until we close a 4H candle below...
The uptrend has taken a pause naturally as it is struggling to break above the 4H MA200 (1,668.71), having failed to close a candle above it.
This is a strong sign of (short-term at least) profit taking.
As mentioned yesterday, the 4H MA50 (1,648.31) is the short-term Support, there is also a Higher Lows trend-line involved (1,653.90) starting from the October...
Wonderful confirmation of my long call yesterday as Gold not only respected and held the MA50 Daily(1,646.71) as Support but broke now above the 4H MA200 (1,670.30) for the first time since October 09.
My end-target remains the MA50 Daily (which is now at 1,688.77), just below the top (Lower Highs trend-line) of the Lower Highs since the March 08 2022 high.
But...
Gold continues to replicate the price action of September 26-28, with the price now below the 4H MA50 (which is at 1,647.10 on XAUUSD) but is holding the 1,634.60 low. This makes Gold a buy opportunity on a 1 week basis (target the 1D MA50 at 1,680), but we need to take into consideration Thursday's heavy fundamentals (ECB Rate Decision and U.S. GDP) as the...
Gold continues to replicate the price action of September 26-28, with the price now below the 4H MA50 (which is at 1,647.10 on XAUUSD) but is holding the 1,634.60 low. This makes Gold a buy opportunity on a 1 week basis (target the 1D MA50 at 1,680), but we need to take into consideration Thursday's heavy fundamentals (ECB Rate Decision and U.S. GDP) as the...
