I have decide to stay away from gold in terms of trading because it does not seem to make any sense. Incl of all the fundamentals and the addition of techincals, Gold should already be hitting newer highs. I will wait to see clear movement, like a break and retest of this structure.
Eth is moving raher good after a retest of previous strucure. I will be waiting to see if these level holds to know more. Please understand, this is not financial advice.
With all buzz on Tesal buying btc, they wil be for sure a new ATH coming soon... For now i am waitng to see if there will be a drop to this current support which is also a fib level or all the way too the POC level( Highly unlikely but i wouldn't dismiss it). Please understand, this is not financial advice.
In my latest post about gold, i was so biased on price reacting to gold as a safe haven i completely ignored all the facts. Always remember PRICE IS KING!!!!! This is my analysis, includeing all the facts i ignored. The beauty of it all is relearning to learn in order to avoid such future mistakes. DISCLAIMER: This should not provide financial, investment or...
A lot has been happening in this support structure. Is this the clarity we have been looking for. 1. Price failed to break thesupport and held on to this level. 2. As you can see there is a break and retest of the downward trendline, pullling more focus on whether, this could be the end of the short term downtrend. 3. Support was rejected with a wicks on...
Hello traders, new weak coming in. Game on!!!! Last week, gold was moving astonishingly. Coming from a fundamental standpoint, the US economie is moving bearish, making gold and Bitcoin the safe havens. Moving on to the technical, gold ended last week around the previously used support. In the longterm channel, price finally broke and came back for a retest....
Hello everyone, final day of the week. As you can see price followed the analysis perfectly. It formed a HL double bottom pattern just as expected from our previous analysis. If lookin for entry's i would have suggested after the HL had formed. But price is presenting an even better entry after a break and currently undergoing retest of the descending trendline...
Another nice day for the pair following same analysis. As i said yesterday, i took an entry on this position and took profit at the 1911 level. Price is moving like it did last week. I expected the HL, using current channel support to form a sort of double bottom. i beleive price will continue to move up. Patience is key. DISCLAIMER: This should not provide...
Hope you guys are having a good week. Price ranged on monday before moving down. As i had said i waited for the retest before making an entry. Currently price reached channel support and has been holding ther. Will wait for bullish/bearish candles, to decide on anything. DISCLAIMER: This should not provide financial, investment or legal advice. Trading set...
Gold has been on a downward channel for the past two months. But here we can see that there has been a bullish move that is going really strong. The circled level is critical as it is in confluence with the resistance , 200MA and current channel resistance. If this level is broken, i will be waiting for a retest before executing any trades. But if it drops, i will...