mtatsim

mtatsim

The Forecast leading to this market week had suggested a correction may be underway, however it is still maintaining the bull run by the easily identified impulse, correction, impulse movement on D1. Within the daily chart the market has formed a structure that explains the bull momentum that patten is an inverse H&S which can possibly push price to 2500 before a reversal

mtatsim

The Forecast for the upcoming week for Gold is in favour of the Bears as a retest to 2086 expected. Support from that level would be the next area of focus for buyers in the Market. However should the Bears want to push price lower these are the Forecasted lows 1981 and support building in 1930.

mtatsim

The market structure the pair is forming is a falling wedge and it has been in this bearish channel for a very long time, the pair hit new lower low's and is now expected to under go a correction after the impulsive move and this week must be really special for the pair as we will be waiting to see if it will close the month with new low's or maintain the...

mtatsim

Gold price action suggests that new levels of resistance are forming and support, and these level are respective of the bullish nature of the pair and the chart pattern it formed. the pair is looking to climb even higher as long as the inverse head and shoulders identified is not tested and broken.

mtatsim

The pair is a bearish trend and is currently under a corrective phase, it is ranging between 41763.21-42186.17 this move is likely to be forming a continuation of trend and a reversal is yet to be confirmed on major timeframe D1 and W1

mtatsim

The pair is ranging between the 3211-3244 area on small timeframes and the overall nature of the pair is bearish. on the H1 and H4 it is under the corrective phase after the impulsive move to the downside, this should typically seen as a continuation of the trend, further pull is expected