By analyzing the #Gold chart on the 2-hour timeframe, we can see that the price finally filled its old FVG and entered the $2386 supply zone, followed by a sharp decline. The price corrected over 500 pips down to $2332! Note that this significant drop in gold created a large FVG. If today's actual NFP rate is announced to be lower than the predicted rate, it will...
Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”. I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high. I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710). Then we will see what will happen next....
Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this...
Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement....
The Aussie (AUD/USD) has reacted off the pivot which acts as a pullback resistance and could drop to the 1st support. Pivot: 0.6678 1st Support: 0.6637 1st Resistance: 0.6698 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
By analyzing the #GOLD chart on the 2-hour timeframe, we observe that the price, as expected, managed to grow again to the supply zone of $2360. Afterward, it experienced a significant decline, hitting all the previously announced targets. The lowest level at which the price corrected was $2315. Once it entered this demand zone, it faced buying pressure and was...
Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible. Manage your capital correctly and competently! Only enter trades based on...
I see that GBPJPY will experience a decline and enter the demand area, our plan is to take a BUY setup if the price enters the demand area with a realistic target of 1: 2, setup, see chart image. Thank you happy trading. Note: this is not trading advice. All risks are not our responsibility. Secure your account.
💥Gold reacted strongly at the 2385 resistance zone as traders waited for the important US Nonfarm Payrolls report. Gold prices continued to rise and hit a 2-week high as US bond yields fell after Latest labor report. Published data showing signs of "cooling down" in the US labor market have reinforced the possibility that the US Federal Reserve (Fed) will cut...
Trading Setup: There is a Trading Signal to Sell in AUDCHF Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 0.5965 ⭕️SL@ 0.5991 🔵TP1@ 0.5824 🔵TP2@ 0.5774 🔵TP3@ 0.5636 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
Gold-subsidized ETFs and comparable merchandise make up a giant part of the gold market, with institutional and character traders the use of them to enforce plenty of their funding strategies. Flows in ETFs regularly spotlight short- and long-time period perspectives in addition to the preference to preserve gold. The information in this web page tracks gold held...
Hi Realistic Traders, let's delve into the technical analysis of OANDA:XAUUSD Gold has rebounded around the EMA200 line more than three times, simultaneously forming an inverted head and shoulders pattern. Recently, it broke the neckline with a bullish marubozu candlestick, a strong indicator of potential bullish continuation. This breakout, coupled with the...
An develop above the 2,364-rate stage additionally triggers a weekly bullish reversal from closing week`s incredibly slim variety week, if it occurs earlier than the quit of the week. So some distance this week, gold is displaying symptoms and symptoms of strengthening at the weekly chart. If it continues strength, it's going to near the week withinside the...
💥Gold reacted strongly at 2360 and could not overcome the old resistance level to break back to 2400. Gold has formed a double top pattern on the 4th hour frame. 💥After returning below 233x, important support levels 2317-2310 -2305 will be believed by investors to push gold prices back up. 💥The price is retracing relatively far from MA 34 and MA 89, so the...
World gold prices reached the highest level of the last two weeks around 2374. Gold was supported by the weakening of the USD and the decline in US government bond yields after the latest labor market data. The ADP report of private companies added 152,000 jobs in May, much lower than forecast and compared to recorded in the previous month, this is the lowest...
By checking the hourly NZDCAD chart we can figure out that the bearish scenario is high probability. the price cleared the liquidity above the daily candle and then shifted the market structure and also had a bearish reaction to the bearish order block. Now, we can see the sell side liquidity which formed as equal lows, trend line liquidity, and daily FVG which...
NZD/USD is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci projection and could potentially bounce from this level to our take profit. Entry: 0.6178 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci projection. Stop loss: 0.6158 Why we like it: There is an overlap support level which...
The Kiwi (NZD/USD) is falling towards a support level which has been identified as a pullback support and could potentially bounce to the 1st resistance. Pivot: 0.6174 1st Support: 0.6156 1st Resistance: 0.6209 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...