The ascending triangle pattern in a weekly timeframe is still active, last 2 days(24 & 25 July 2023) was a SL hunting. The FED news will impact the INR, making USDINR to be bullish.
4H time frame : Inverted H&S pattern, neckline has broke and the target is 82.8210. This is for a aggressive traders D time frame : Daily candle has to close above the LH level 82.2025 for the conservative traders. Weekly time frame : The Ascending triangle is still valid pattern. Have explained the Protective PUT strategy for those with the lesser capital and...
There is a swing in Daily time frame. The swing is already in move, but not to worry. There is a ample opportunity to trad within the Daily's Resistance and support explained in the video. Once the 4H candle closes above the 106.2834 level, look for the swing or patterns in the any lower time frame from 4H and trade(be bullish) your targets reaches or the daily...
Weekly direction is still indecisive. But in daily there is a formation of Descending triangle pattern. Wait for daily candle to close above 72.63. A small bull run in daily time frame. Target :: 81.66 SL :: 66.86
The gold is still in the control of the BEARS, now it's in the correction rally. If a 4H candle closes below 1910.35, the BEARS will dominate.
1932.14 is a critical level in gold, if a daily candle closes below 1932.14 can expect a strong bears in the market. The market can fall up to 1875.37 after daily candles closes below 1932.14.
There was a descending triangle breakout, we can expect a gold to fall more by 22 $ further. Have explained on how to trade on the descending triangle pattern as well. Please post your suggestion or feedback or doubts in the comments section & and do support on YouTube as well.
hi fellas., The previous descending triangle pattern in 1H time frame SL has hit, which turned out to the DT in daily time frame. Now in daily, if the DT neckline breaks can expect the bears in control to hit level 1890.19.
There is a double top pattern in daily time frame and currently the market price is below the neckline. If the Daily candle closes below the neckline expect a BEARS in gold. The gold can bounce from the support of ascending trend line/support and go for the impulse from there
After the 4H range bound breakout, a big bull rally happened but the daily High(2048.79) wasn't broken. now in 1H time frame there is a bull swing, if 1H breaks 2045.52 then we can expect a small bull run. risk reward ratio is 1:2, but now the market is at monthly resistance where selling pressure was high at 2020 & 2022 so trade with low risk and tight SL.
In the attached link I have explained swing in 4H/1H , after the 1H breakout market went to re-test. add more position if possible and hold till the target level mentioned in the video. risk reward ratio is 1:3 Have a tight SL.
hi traders, The 4H symmetric triangle has changed to range bound market now. Looks like something big has been cooking from past 8-10 days. The ascending wedge & head & shoulder pattern breakout level is 1981.71. This 1981.71 is a crucial level in daily time frame. Expecting some volatility based on news tomorrow. Forex Factory :: www.forexfactory.com
The gold is moving in a range at the top of the symmetric triangle in 4 hour time frame. At 1hour time frame, there is a Double top pattern, wait for the neckline breakout, once the neckline breaks the sell will be bit aggressive till the support of the 4H triangle. On the counter part there can be a symmetric triangle breakout, if the symmetric triangle breaks...
Now the market is at the top of the 4H triangle pattern. If the 30minute or 1H candle breaks 1997.38 expect a sell pressure till the support of the triangle pattern. Hoping for the triangle pattern breakout today & volatility in the market, because we got the news having high impact on USD today, so traders have a tight SL and trade. forexfacotry ::...
In my previous video ideas i have explain that the XAUUSD is in symmetric triangle in 4H(linked the video ideas for reference), and also the expected the range to move. Now the XAUUSD is at the top of the triangle, and this is a opportunity for the SELL. If the XAUUSD in 30minutes time frame closes below 1994.47 then sell starts and target is the support of the...
Gold is in bearish flag pattern in 15min., if there happens as breakout, there is a potential for sell pressure.
The 4H chart has DT pattern, the neckline is about to break. The target of the DT pattern and 4H support(zone drawn in blue) both are same level(1948.64) In case a Daily candle closes below 1981.71 that's a raising wedge breakout in daily, for few days can expect fall in gold.
Gold travelling in a ascending channel. The trend has reversed in 1H time frame. The risk reward is decent. The other details I have mentioned in the video.