About meI am independent forex analyzer and Trader. My trading style: Swing Trading. I use 1W,1D and 4H as my multiple time-frames. I trade for myself and also I manage my PAMM account with logical and permanent benefit and low Risk.i use 1:10 leverage.
in the daily time frame gold has reached its short-time downtrend channel.
if you check weekly , Gold is just here to make a kiss to EMA50.
i think gold is in a Healthy uptrend but we must wait for weekly price action signal .
i don't buy just now, i would buy after weekly confirmation.
Gold is in long-term uptrend yet.
gold needed a pullback and its trend has not reversed in my idea.
the current situation can be a good swing point and long position because price has received to a demand zone and also the EMA200 of daily chart is just here.
i do not sell Gold any way.
we can buy now or wait for better price-action signal.
the usd index is in a...
we had a long-term downtrend in EURUSD for more than 4500 days. this trend line seems to got broken . so we are in buildup rectangle and i think price will break the strong support zone around 1.20000usd and the only barrier to reach the 1.36000 will be resistance zone around 1.25000.
i think this pair will be in long-term uptrend in 2021 and maybe even for...
as we can find in monthly time frame the long-term uptrend line,that was in respect for more than a decade , is broken and retested.
it is around 100days its is trying to break the strong support zone around 92.
i think it will happen.
then the only barriers to reach 88 and even less levels would be EMA200 that now it is 90.
so i forecast a big momentum among all...
it is more than 10 years that zone of 1.900-1.916 used to be key level. sometimes support and sometimes flipped in to the resistance.
in last 160 days this level has been a sarong support .
in weekly time frame we have very week uptrend channel.(long-term)
in the Daily time-frame that is my overall trend time-frame we have a visible downtrend for 1 year...
price still is in long-term uptrend.
so i think its logical to look for buy opportunities in key levels only.
price now is engaged between 1884-1892usd. any close beyond this channel make a big momentum.
the best levels for buy are around 1850 and then 1800usd.