wickywicks

wickywicks

Hey fellas, just tried to analyzed on bigger picture here. On Friday night, after the market closed, a Debt Ceiling deal was struck, which may signal positive news for the gold market. Despite this potential shift, Gold attempted to break above the $2070 threshold for the third time and failed miserably. Nevertheless, fundamental indicators suggest that Gold may...

wickywicks

Price is already trapped inside ascending triangle and consolidation but converging for almost a month now. We can expect Breakout on upcoming NFP or before new week starts. Once breakout of this zone we'll enter SHORTS or LONGS accordingly.

wickywicks

Gold is trapped in symmetric channel since 2020 and we can expect something more of bullish movement by end of this year as well as lots of fundamentals like Recession, Geopolitical scenarios are surely gonna cause huge impact which eventually boost Gold price up. Gold tried to break 1804 MWD rejection zone but thanks to NFP we saw some consolidations as well...

wickywicks

Hi traders, Lets take a look at Sterling. Fundamental View: Sterling seems like breaking LL due to the uprise in DXY after breaking 20 years resistance. But here Sterling acted as an catalyst and moved way more than expected. It's because of: 1) DXY strengthened by breaking 109 levels. 2) British finance minister Kwasi Kwarteng earlier in the day laid out a plan...

wickywicks

HI there, Let's take a look at GOLD. Fundamental View: We had CPI and fortunately inflation took a downtrend resulting major fall DXY and we saw whooping rises in XXXUSD pairs. However, inflation is at it's peak and rumors of Recession as well as 100bps is still out which eventually caused fake breakouts. Technical View: 1800 was amazingly pretty strong...

wickywicks

Let's take a look at Gold. We saw Buy stops getting liquidated. Price didn't break 1800 zone and Bears are in control once again BUT we've got CPI and Core Inflation up ahead so expect some consolidations and huge volatility up ahead.

wickywicks

Fundamental View: DXY is at critical point i.e 109. It has reached ATH after 20 years. In 2002, we saw DXY at this zone. DXY intends to break 109 zone as inflation is at it's peak, whooping 75bps and rumours of insane 100bps rate hike, positive NFP and also fear of recession causing extreme panic in the market. Investors are selling everything just to remain...

wickywicks

GOLD GOLD GOLD, Gold has been pretty messy since last month. If price holds and remains within this zone then there's probability of Bullish momentum i.e above 1900. Current consolidation is another indication of upcoming speeches and NFP. However, if we break below 1780 zone and retested on Larger TF then there's no stopping till 1650. Feel free to share...

wickywicks

Hi guys let's take a look at GOLD Ascending Channel Formation Holding Strong Support Zone Doji on Weekly TF. TL seems like holding. Bear in mind the current Fundamentals including Russia- Ukraine War, inflation and interest rates. Feel free to share your opinions as well.

wickywicks

Hi there, Market's been quite brutal since 2022 and I hope you guys didn't loose much. Let's talk about GOLD. Fundamental Analysis Russia-Ukraine war is still going. Recession is upon us. DXY is skyrocketing. Currently US Dollar is safe haven currency. All are currently in favor of Dollar so all remaining might see some declines for sometime. Technical...

wickywicks

Prices seems like approached strong Demand Zone at 12200 and also trapped in Bullish Flag inside another Bullish Flag. We might see some retracements from current Demand zone but NASDAQ is already entered in Bearish Trend. So better to look for Short Entries. Proper Shorts entries will be active after breaking 12000 critical zone. Once Broken, look for retest...

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Hi there, Gold's currently under the strong influence of Russia-Ukraine War so watch closely. 1/3 Gold done some recovery and consolidations at 1980 zone. We've got HANGING MAN candlestick right after 6 bullish candles. A probability of Bearish formation as price respected both Bullish Channel and Bearish Channel (within bullish channel). 2/3 We can see the...

wickywicks

Here's another detailed analysis but it's kinda messy as it contains some major points. 1/2 Gold respected 2011's support zone and Broke Falling Wedge on Thursday's FOMC new. Price can be seen travelling within another Bearish channel. 2/2 Price seems like respected 1945 zone and retracement for continuation of Bullish momentum is expected. We can have...

wickywicks

Hi There, Let's take a deep look at GOLD. This analysis will further be divided into 2 or 3 more analysis on different TimeFrames. 1/2 Recap: Russia-Ukraine war triggered Gold & finally broke Symmetric Channel after approximately 2 years. We saw perfect breakout and retest as well as trend continuation till previous ATH 2070$. 2/2 Gold fell immensely after...

wickywicks

HI, Let's take a look at EURUSD 1/2 Bullish Flag broken and Retested NOW. EU been dipping strongly since starting of 2021. We might be able to see a HALT at 1.1 zone but Dollar's dominance could extend further downward movements. Closing of January's Monthly candle quite crucial in deciding further movements. 2/2 EU is currently trapped in Bearish Flag and now...

wickywicks

Hi, Let's take a look at GBPUSD 1/2 Sterling Has broken and Retested Rising Wedge W & D candle closed above 1.34 strong support zone indicating no further Bearish momentum. However, FOMC interest rates make Dollar's recovery and we might be able to see some strong movements in upcoming months also. 2/2 After breakout, GU seems to be retesting inside Rising Wedge...

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Hi, It's time to analyze GOLD 1/3 Symmetric Channel Formation GOLD is still converging since 2020 in symmetric channel. We might be able to see a breakout lot more sooner than expected. 1/2 1855 seemed strong rejection zone. Inside symmetric channel, there's Bearish Flag and XAUUSD exactly respected that Flag. All thanks to FOMC on Wed. XAUUSD followed...

wickywicks

Hi, Let's take a look at NZDCAD. NC broken Bullish Flag and retested. Perfect retest is at current support area. Bearish Flag 3rd encounter at lower TL. Weekly & Daily closed above support & TL. RSI indicating Oversold on D TF. Bullish Divergence on 4H, D TF. All indicating Bullish movements. Another Bullish Flag NC seems to be holding 0.835 Support Zone....