The 1D chart is showing gold is in long-term bearish trend.
24th Aug 21 NY session even could not come out of this bearish bias.
The grey area is really nasty - need extra caution to trade.
Without a good scalping experience, better other currencies are good.
Someone is telling, anything above 1800 is sell.
Do you think same or different, please share your views -
The 100 days MA is going to take control over the 200 MA in the longer time frame, I think USD will affect other currencies and favorite XAUUSD.
US economic indicators are bolstering the DXY among the investment banks, retails traders & other market participants, so bye-bye safe heaven.
Looks like this is becoming a critical area for buyers to move forward, most buyers -
1. Profit-taking area
2. Seller's SL area
3. BIg psychological resistance zone,
I took the very short position from here, according to fibbo 1746 is the first destination
The chart I drew is still in a positive direction.
Looking it became tired -
Have a look at previous this gave uptrend withing a channel and this time just a V-shaped.
Oscillators are telling the market is still positive but I think it is giving an opportunity for a short time pull-back, although some friends can tell still no confirmation. I've created a zone for...
Is Dogecoin going to retest its lowest point,
What is going to happen ??
If it turns back can give 40% like last time, otherwise, it may go down to 0.1357 or 0.05 ???
Let's see the reaction first resistance -
The index is on the verge of three white soldiers that means perfect buy guys, you can google it - just the opposite of three black crows -
I'm taken a Long position on LSK
LP - 3.88
SL - 2.33
The volume looks impressive !!
What do you think? correct me on the comment section -
The Crypto market is looking good.
After a huge correction, last one month almost daily consistent trade volume.
It has got a strong support and resistance level.
Opportunities might be in this area, the chart is self-explanatory I guess -
What's the matter!
US interest rate hike, week USD, and gold price correction are giving liquidity in the crypto market?? this...
So, Gold retraced the 1760 level twice!
After 3 weekly red candles, there is green!!
What may happen next week??
As gold is still a long-term negative trend, I'm still in the short position from 1790 with a small lot.
On July 2nd February 08:30 Employment data will be published -
This is the gamblers day - prepare for scalping
1830 - 1720 maybe, no early...
So far MLN gathered enough strength for a long time and the end of the day showed quick volatility.
Those who are aware of MLN as got a very low market capitalization means smart money movement likes this (as lo cap is playable easily).
We found it last week.
Now it came in a crucial position - It formed a triangle - which way it may go we have to watch carefully,...
Last 3 weeks red candles
The last candle left 113.85 points (more than 6%)
All the regulators gave all the news that pointed Gold is not safe heaven, safe heaven is treasury bill (interest rate hike).
TA is telling XAUUSD pair is in negative trend consecutive 3 weeks.
I choice short, the destination is 1682 so far with a small lot.
Almost the last whole week this pair traded sideways, somebody is telling short, some are long as it gathered accumulative energy to move forward against weak USD. I am looking for an opportunity within this range this week, so I would like to take an early position if Asian time doesn't make a severe correction (chances are 1% I guess).
Good luck traders! Good...
From 18 March EURUSD vs XAUUSD pair are behaving directly proportional relationship !! Why ???
When Gold rises, EURUSD rises when Gold falls, EURUSD falls - red areas indicate the correlation coefficient of these pair.
I don't know, it should be DXY vs Gold be more logical I guess (inversely proportional), but I didn't measure -