Does technical analysis really work in Gold trading? In this article, we will discuss whether the traditional, classic methods of technical analysis: support and resistance, breakouts, patterns can be reliable in this specific market. We will explore the dynamics of Gold prices so far this year and discuss the most efficient way to trade Gold. So if you...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 EURUSD is trading in a bearish trend on a daily. The price is falling steadily within a falling wedge pattern. With a recent correctional movement, the price reached the resistance of the range. A trend-following movement may initiate...
Here is my latest structure analysis and important key levels to watch on Dollar Index. Support 1: 103.88 - 104.1 area Support 2: 102.93 - 103.25 area Resistance 1: 105.41 - 105.58 area Resistance 2: 106.37 - 106.52 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Multiple time frame analysis for USDCHF. Price action & Important key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
After a breakout of a key horizontal resistance, NASDAQ retested that and formed an ascending triangle on an hourly time frame. A bullish violation of its neckline is an important intraday bullish confirmation and a clear sign of strength of the buyers. We can anticipate a growth now at least to 18100 ❤️Please, support my work with like, thank you!❤️
Like US30 Index, NZDUSD looks very bullish on a daily. The price formed a double bottom pattern and broke its neckline on Friday. The next strong resistance is 0.606. We can expect a bullish continuation to that area. ❤️Please, support my work with like, thank you!❤️
Dow Jones formed a huge double bottom pattern on a daily, after a quite extended correctional movement from all-time high. The price turned very bullish on Friday after the release of US fundamentals. The Index broke a solid horizontal resistance. The market may start a bullish rally now. Target - 39000 ❤️Please, support my work with like, thank you!❤️
Here is my latest structure analysis and important key levels to trade on Gold next week. Resistance 1: 2354 - 2360 area Resistance 2: 2392 - 2432 area Support 1: 2215 -2264 area Support 2: 2194 - 2222 area Support 3: 2146 - 2165 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Here is my latest structure analysis and important key levels: vertical and horizontal supports and resistances for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Dow Jones formed a huge double bottom pattern on a daily, after a quite extended correctional movement from all-time high. The price turned very bullish on Friday and broke a solid horizontal resistance. The market may start recovering now. Target - 39000 ❤️Please, support my work with like, thank you!❤️
On the chart, I underlined important key levels: support and resistance areas on USDJPY for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Hey traders, In this post, we will compare investing, trading and gambling . 📈 Investing Investing is the act of putting money in a financial market with the expectations of a long-term positive return. The investing decisions are usually made using fundamental analysis. The main goal of an investor is to predict the long-term market trends and benefit on...
Today's fundamentals are very bullish for NZDUSD. The price is currently forming a high momentum bullish candle on a daily, violating a key horizontal resistance. It opens a potential for a further bullish continuation next week. Goal - 0.6058 ❤️Please, support my work with like, thank you!❤️
EURUSD may retrace from a wide intraday horizontal resistance cluster. I already see some sings of weakness of sellers: double top formation on an hourly time frame and multiple rejections. I think that the pair may reach 1.0705 level today. ❤️Please, support my work with like, thank you!❤️
USDJPY looks quite oversold after a test of an intraday horizontal support. After a false violation of the underlined structure, the price started to grow and broke a resistance line of a falling wedge pattern. We may expect a pullback today, at least to 153.7 level ❤️Please, support my work with like, thank you!❤️
Price action analysis for Dollar Index. Important key levels. Directional bias. Predictions and forecast. ❤️Please, support my work with like, thank you!❤️
I would say that the month of April was very weak for Gold. Even though the market updated the ATH and we saw quite a strong rally at the beginning of the month, bulls quite quickly lost the momentum. We can even conclude that the rally finally stopped and the market started to consolidate within a horizontal range. For the last 10 days we see a steady shift...
I see 2 strong bearish patterns on Bitcoin chart on a daily. The price broke and closed below a support line of a wide horizontal range. Within the range, the market also formed an inverted cup & handle formation. Its neckline was also broken. These bearish signals make me think that BTC may easily drop lower. Closest support - 53200 ❤️Please, support my...