As explained in my latest video and written analysis, gold may have changed its trend. However, considering the 1000-pip drop from last week, a correction could occur. Indeed, the price started to rise after hitting a low of 2325 and reached a high around the 2360 zone. This rise is clearly corrective in nature, and gold could soon drop again in a new downward...
As explained in yesterday's video, after a short-term consolidation above 2400, which formed a descending triangle, OANDA:XAUUSD dropped significantly in the middle of last week, reaching the 2330 support zone and forming a large bearish engulfing pattern on our weekly chart. There is a likelihood of a mid-term trend reversal, with the price potentially falling...
As you know from my previous 3-4 posts on BINANCE:ICPUSDT , I am very bullish on this project and expected the price to reach $20. Indeed, this has happened, followed by a strong 50% correction after reaching my target. Now, the price is trading at $12 and is near a strong support level, both technically and psychologically, around $10. In my opinion, these...
The break of support on April 12 proved to be a false one. After establishing a higher low at the beginning of May, FX:GBPUSD is once again trading near resistance. A break above this resistance would be significant, as the price has reversed from this level multiple times, and it also aligns with the falling trend line. I will remain bullish as long as the...
After breaking above the resistance of the falling channel, OANDA:XAUUSD started the week with a new all-time high. The bulls managed to maintain the price above the crucial 2400 level for three days. However, yesterday's trading session ended with a significant drop of 500 pips, pushing the price back below 2400. Although the overall structure remains...
If you haven`t bought SE before the previous earnings: Then analyzing the options chain and the chart patterns of SE Sea Limited prior to the earnings report this week, I would consider purchasing the 65usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $5.45. If these options prove to be profitable prior to the earnings...
If you haven`t bought TCOM before the previous earnings: Then analyzing the options chain and the chart patterns of TCOM prior to the earnings report this week, I would consider purchasing the 55usd strike price in the money Calls with an expiration date of 2024-9-20, for a premium of approximately $6.45. If these options prove to be profitable prior to the...
In the daily time, the long-term survey indicated that it is in wave 3 or C. that wave C had the ability to return to 100% of its previous wave, after which it entered the corrective phase. 💎But at the moment, due to the fact that it has faced demand in the green box in the 8H time, it will have the ability to retest up to the neck line area and supply. 💎 In the...
USDCAD is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at Hello Traders, here is the full analysis. Price reversal going up, levels for BUY. Great BUY opportunity USDCAD. ! GOOD LUCK! I still did my best and this is the most likely count for me at the...
If you haven`t bought the dip on BIDU: Then Analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week, I would consider purchasing the 120usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $2.47. If these options prove to be profitable prior to the earnings release, I would...
If you haven`t sold BUD after the Dylan Mulvaney scandal: Then analyzing the options chain and the chart patterns of BUD Anheuser-Busch InBev prior to the earnings report this week, I would consider purchasing the 60usd strike price at the money Calls with an expiration date of 2025-1-17, for a premium of approximately $5.50. If these options prove to be...
In my Monday commentary, I stated that there is a high likelihood that OANDA:XAUUSD may have finished correcting, and indeed, the price rose to around 2330. After this initial increase, there was a subsequent drop, but bulls regained control just above the 2300 mark. Yesterday's price movement indicates that dips are being bought, suggesting that Gold has...
As I mentioned a few days ago, BITSTAMP:BTCUSD has broken above the descending resistance level of its downward channel. This breakout could signal the end of the recent correction. Following the initial climb to the critical horizontal level at 65k, Bitcoin experienced another drop, testing the previously broken resistance level, which this time acted as...
For the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market. Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal. Total3 halted its descent around the 600T zone, which does not represent...
Recently, FX:EURAUD breached the 1.63 support level. However, after reaching a low of 1.6220, the pair swiftly reversed, indicating a false breakout. Over the past three weeks, the pair has formed a falling wedge pattern, hinting at a potential reversal to the upside. Confirmation of a bullish scenario would come with a break above the descending trend line. In...
Since the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs. Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement. Moreover, the...
In my earlier analysis of OANDA:XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support. As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance...
If you haven`t sold SQ before the previous earnings: Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week, I would consider purchasing the 72.50usd strike price Puts with an expiration date of 2024-6-21, for a premium of approximately $5.25. If these options prove to be profitable prior to the earnings...