SharkTrader1990

SharkTrader1990

As we observe gold on the hourly, it was stagnant throughout today's NY session. I have also mark an ascending trendline. For me to jump in a buy I would need for it to crack 2337 and a retest. For a selling opportunity, I need it to break this TL and crack below 2327. I see this as a perfect opportunity for a breakout to happen on either direction.

SharkTrader1990

As we observe gold on the hourly, I see a ascending trendline and it has cracked below it and seems to be retesting back the TL. This should be an interesting level if this will pivot the trend down or a continuation to the upside. I stand neautral atm until 2360 has been retested to confirm a sentiment

SharkTrader1990

As we start a new week, we seem to be ascending to the upside and potentially testing the daily resistance level (934) again. Whoever said XPT is correlated with XAU, I don't see it. Weekly time frame, still scream a slow bear trend for me. Hence why I'm still looking for a long term bear play. For now I will ride up this uptrend for now

SharkTrader1990

As we observe the hourly on BTC, I see a ascending wedge. The 69k range seems to be a good floor or supply as others would call it. I predict that it will crack above this resistance level (71k) as we approach this level again.

SharkTrader1990

Hope all is well traders! As we observe XPT on the hourly, I do see a descending trend line here. As it continues to create lower highs, the past couple hourly candles have been very flat. We can possibly see it climb up toward 903.69 or even up to 905 (top of the trend line) But I'm aiming for the long term short on here and break below the 891 support.

SharkTrader1990

As we observe on the hourly, we can see this ascending trend line it has been building up. We have also noticed this build up around the 2178 resistance continues to be tested and await for its breakout of this resistance or a hard break of this trendline.

SharkTrader1990

As we observe gold on the hourly, it seems to struggle to make lower lows. Also, its seems to be back inside our flag of consolidation. Depending on this 2156 level, we can either see it going up to 2162 to test previous hourly high and potentially create NEW higher lows. If we end up bear, I need it to crack the 2154 support

SharkTrader1990

As we observe XPT break the ascending TL on the 4h. It has tested the weekly resistance and has reversed the trend. I'm looking for it to rally back up at 927 to potentially create a lower high.

SharkTrader1990

As we broke down the daily support down to the 2146 area. This bounce to the upside has created a new lower low and went back inside the flag. But will we break the flag to the upside or continue creating a NEW lower high?

SharkTrader1990

As we observe gold on the hourly, We are in or approaching an important level of support. This floor is where I'm going to look for either a break to the downside or a rally up to create another lower high.

SharkTrader1990

As we had a nice bounce off the 2h support (2154), we can see it approach and test the previous hourly high (2171). If this breaks, I can see it continue to climb and create new lower highs. Potentially reach and test the ATHs of 2185. If we DO NOT break 2171, we can see it creating this lower high and respect the descending trend line of the flag.

SharkTrader1990

As we observe the hourly, we have created a slightly higher high. Like I mentioned on my last analysis, we're in a nice uptrend on the 4h. Zoom in the smaller time frame, it seems to be ranging around the 942 and I would need it for it to crack above for a buy. If it doesn't, we might see a pullback

SharkTrader1990

We have successfully climbed up to the 2175 previous support! It has tested the level multiple time and seem to range all of the afternoon. Will we see a break to the upside and head toward the recent ATH 2175 or continue back dow to what may seem to be creating a down trend chanel?

SharkTrader1990

As we observe the hourly chart, 2153 support was a nice bounce up and as we approach a small previous lower high (2166) are we going to see her crack to the upside or a retest and go back down? For me to be look for buy entries,2166 needs to break and hold. This would result in creating a new higher low or shall we say floor or support.

SharkTrader1990

We approach the previous daily highs @ the 932. 4h shows a continuation uptrend so we might see a test and potential breakout of this daily high.

SharkTrader1990

The blue line represents the uptrend on the daily. This trend has slowed down as it reach another major supply level at 1802.065. 4h shows HL are built but for a new HH doesn't seem possible with how this supply level is holding XAUUSD. If it shows more bearish pressure I will be looking for the shorting opportunity sometime this week.

SharkTrader1990

As GC cracks the monthly resistance it's momentum to move to the upside has decreased. Daily shows a reversal and see a more bearish move with GC and head back down below the monthly

SharkTrader1990

How's it going traders! As we observe BTC on the 4H or D timeframe, we see it broke out of the descending flag and even retested the flag before it rallies back up to $37.7k level. This level at the moment is being tested again. If we do see a break on this. we can see it going back up to $40k