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...
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.
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
Gold tried to break 1804 MWD rejection zone
but thanks to NFP we saw some consolidations as
Hi traders, Lets take a look at Sterling.
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...
Let's take a look at GOLD.
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.
1800 was amazingly pretty strong...
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
DXY is at critical point i.e 109. It has reached
ATH after 20 years. In 2002, we saw DXY at this
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
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...
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.
Hi there, Market's been quite brutal since 2022 and I hope you guys didn't loose much.
Let's talk about GOLD.
Russia-Ukraine war is still going.
Recession is upon us.
DXY is skyrocketing.
Currently US Dollar is safe haven
All are currently in favor of Dollar
so all remaining might
see some declines for sometime.
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...
Gold's currently under the strong influence of Russia-Ukraine War so watch closely.
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).
We can see the...
Here's another detailed analysis but it's kinda messy as it contains some major points.
Gold respected 2011's support zone and Broke
Falling Wedge on Thursday's FOMC new.
Price can be seen travelling within
another Bearish channel.
Price seems like respected 1945 zone and
retracement for continuation of Bullish
momentum is expected. We can have...
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.
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$.
Gold fell immensely after...
HI, Let's take a look at EURUSD
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
Closing of January's Monthly candle quite crucial in
deciding further movements.
EU is currently trapped in Bearish
Flag and now...
Hi, Let's take a look at GBPUSD
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.
After breakout, GU seems to be retesting
inside Rising Wedge...
Hi, It's time to analyze GOLD
Symmetric Channel Formation
GOLD is still converging since 2020 in
We might be able to see a breakout
lot more sooner than expected.
1855 seemed strong rejection zone.
Inside symmetric channel, there's
Bearish Flag and XAUUSD exactly
respected that Flag.
All thanks to FOMC on Wed.
Hi, Let's take a look at NZDCAD.
NC broken Bullish Flag and retested.
Perfect retest is at current support area.
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