Thabang1865

Thabang1865

Gold we have a bearish momentum, we see price action rejecting three time showing that prices fails to break previous high, so price has decided to decline as we have broken our Demand to Supply more sellers

Thabang1865

I see price has failed to go lower and create a new lower low, this tell as that the bulls are about to be in control. I see price has broken our Resistance zone and that zone has turned into our Support zone meaning we are in demand for buyers .. Thabang Tshili

Thabang1865

Price has over sold and has reached our demand zone, according to price action, price came back into demand structure zone and I see a correction move which becomes a re-test to confirm the next impulsive move .. The bulls are in control currently.....

Thabang1865

Price failed to break Support structure which becomes resistance. Since price failed I see it as strong support level which might bring up bullish rage to our higher high.

Thabang1865

Supply Demand Key levels were confirmed and I see bullish pumping buyers. lets see what happens next .... kindly regards Thabang Tshili

Thabang1865

On our Weekly and Daily chart we have a Downtrend meaning the market is on a strong bearish trend. On my H4 chart I have my key levels which is my support/resistance what we call demand/supply. My reason why I took a long position is because the trend has reached my Support key level , we might as well reach our resistance level because of key structure and market...

Thabang1865

Eurcad has been on a downtrend on our daily and weekly timeframe . On our H4 we have our broken support @1.43342 and that has changed and became our resistance because of structure breakout. The market has created a correction move to confirm the key level structure @1.43342 and that is why I took a short position that's heading to our Support level key structure...