Scelo_Sphiwe

Scelo_Sphiwe

The price of Gold is currently trending upwards and trading steadily on the 4-hour timeframe. It has surpassed the resistance zone at $1,975 and jumped to its highest level in over a week. This upward movement is driven by a weaker US Dollar and decreasing bond yields but through my technical analysis I strongly believe that gold is going short

Scelo_Sphiwe

NZD/JPY has been fluctuating over the past few months.NZD/JPY has been in a downtrend since May 2023. However, the exchange rate has been showing a pullback opportunity recently, as the 61.8% Fibonacci retracement level lines up with a falling trend line on the hourly chart

Scelo_Sphiwe

Good morning traders my risk/reward is 4,88 The market will be Volatile this week considering there's cpi today and fomc on the 16th and ppi Sell gold SL 1913 TP 1896

Scelo_Sphiwe

Gold Price Forecast: XAU/USD consolidates above the 1,940 mark amid the US holiday

Scelo_Sphiwe

Buy eurusd the nfp made the market really volatile bull's are rallying up

Scelo_Sphiwe

In the 4 hour time frame Gold is in a descending wedge. Break out isn't expected soon but rather it going to follow the downtrend for quite sometime smart money concept is advisable to be applied

Scelo_Sphiwe

Good morning traders Trend reversal detected on the 1 day time frame.

Scelo_Sphiwe

CADJPY is moving in a descending channel and the market has made a higher low. It is testing the psychological level of 107.000. On the higher timeframe, the market is consolidating

Scelo_Sphiwe Updated 

The oscillator reading is neutral 😐. The market will follow the trend for quit some time ⏲

Scelo_Sphiwe

Gold has been trading in a symmetrical triangle pattern since June, consolidating between lower highs and higher lows. The pattern suggests a period of indecision and uncertainty, but also implies a potential breakout in either direction. On August 9, gold finally broke out of the triangle to the upside, closing above the upper trendline and the 50-day moving...

Scelo_Sphiwe

I ain't got much to say imma let my analysis do the talking for me.

Scelo_Sphiwe

I ain't got much to say. Let my analysis say the work for me

Scelo_Sphiwe

Market is expected to follow the trend Either than that I ain't got much to say 🤷 😴

Scelo_Sphiwe

It best to wait for a confirmation candlestick . Whether it displays a trend reversal or a trend continuation

Scelo_Sphiwe

Bull's are rallying up post NFP TP 3 can also be treated as a pivot point

Scelo_Sphiwe

Well after some thought I going for a short sell after my TP than will I go long

Scelo_Sphiwe

Bears about to overcome the bull's strong sell. Literally have nothing else to say 🙃

Scelo_Sphiwe

The bulls are about to dominate the chart despite having a strong sell reading on the oscillator