For today's intraday trader cpi is big event Support 1760, 1755 Resistance 1792, 1800 Price has made falling wedge pattern as correction for wave from 1762 to 1792. If this is correction or lower lower high before cpi and next lower low below 1762 after cpi
gold price are again going up from 1760 again why ? weaker nfp higher cpi (may be 7% this time) political failure on corona virus fed panic over 7% inflation investor fear of recession because of rate hike since biden speech (people have more money in their pocket, infrastructure bill will not cause inflation ) it is going up everyday in nyc session ...
weak nfp data after fed announcement for faster tapering changed everything this trend from 1877 has made ending diagonal near 1760 which forecast possible trend reversal confirmed by nfp and new corona virus invalidation level 1760 (closing below that level) resistance 1810 bullish trend confirmation above 1834 bearish trend below 1760
price has made rising expanding wedge pattern resistance 1834, 1827 support 1760, 1781 bullish above lower trend line bearish on breakout of lower trend line buy on retest of lower trend line sell after breakout and retest of lower trend line
price has made nice up trend inside a parallel channel price is testing lower trend line and ending diagonal chart pattern at the same time. if price breakout channel it can test wave X if it makes support at lower trend line than it will make new higher high above wave Y wave Y made 38% projection we can expect next wave making 100% projection of w
after fomc price made bullish move complete opposite to fundamental price has made bullish parallel channel. (right now testing lower trend line) support 1795, 1800 resistance 1834, 1838
fundamental Fed is ready to announce tapering NFP is ready to show increasing job both are bad news for gold price has finished and breakout its Abcde rising wedge pattern , ready to retest and make new lower low support 1760, 1721 and 1680 resistance 1780, 1808 and 1844 elliott wave wave W started from 1834, wave X making abcde corrective wave pattern (...
two parallel trend line makes parallel channel in bearish channel buy at lower trend line sell at upper trend line repeat as long as price is trading inside a channel lower high lower low
parallel channel resistance 1800, 1808 support 1789, 1782 bullish as long as price trading inside channel bearish on breakout. entry on retest after breakout. buy at retest of lower trend line. take profit at upper trend line. repeat until trend line breaks. sell on retest of lower trend line after breakout.
price has made its 0.618 retracement with rising wedge pattern top below 0.786 retracement with divergence on upper trend line in rsi and upper trend line of chart pattern. while lower trend line breakout on rsi can make rsi oversold. if this is correction to previous bearish trend form 1800 than we can expect new lower low around 1750. if fed going to start...
ABC wave has made 50% retracement. if this level holds than your new higher high at 100% projection is 89645. before breakout of all time high price has to break 61% and 50% resistance zone between 51 and 46k because correction to this trend can make new lower low after retest of white resistance zone. support : 34372, 27169, 20 000 resistance : 46747,...
support 1.16200 resistance 1.16640, 1.15750 bullish as long price trading above white lower trend line bearish on breakout of lower white trend line. pice has made double top at daily resistance which end of channel before breakout. if price makes support at lower trend line than it can break this daily resistance, making higher high up to 50%...
Golden triangle is ready to breakout who will win ? what will happen on fed tapering. seller are taking profit or bullish are building positions resistance 1834, 1850, 1916, 1960, 2000 support 1750, 1721, 1677,1610, 1560
price is making lower low lower high inside a yellow falling wedge. price is testing upper trend line. Fundamental cause of this trend is fed tapering. decline was started in march and tapering talking has been increasing everyday since price made high. if price holds upper trendline and tapering comes in November fomc than it will test lower trend line of...
price made bottom in june before fomc after fomc dot plot price is making higher high. now price has made abcde symmetrical triangle chart pattern which is now in its final wave e. since this November fomc is in the beginning of the month so big boys don't have much time. closing of two daliy candle near lower yellow trend line confirm bulls taking entry and...
since price made bottom at 1721 it is making sideway correction after big intraday move, correction has made symmetrical triangle chart pattern testing lower trend line of triangle. upside breakout of upper trend line will confirm new higher high around 1780/90 sell zone. support 1740/45 resistance 1780/90 triangle can be symmetrical or barrier triangle ...
resistance 1780 support 1717, 1680 macro event - fed tapering , US Debt ceiling intraday support 1723 chart pattern - falling wedge pattern - breakout confirmation above 1745, tp 1780 1680 - bearish breakout below 1717 Elliott wave support for bullish entry 1717 tp1 1780, tp2 1834 price action buy zone 1723 to 1717, confirmation 1745 breakout TP 1780 buy...
as we know Chinese people will not be able to buy crypto till the year end. this sounds bearish but price is already bullish it has made triangle chart pattern in the middle of parallel channel breakout will confirm new trend for next three month wait for clear breakout (white level)