The gold price has hit the resistance of the ascending channel and the resistance on the daily timeframe, accompanied by an RSI divergence.
After announcing the CPI Indexes , Gold managed to break the Resistance zone($2,400-$2,376) and change the Gold scenario, and I expect Gold to create a new All-Time High(ATH) in the coming week. Today, I shared with you the analysis in the 15-minute time frame . According to the theory of Elliot waves , it seems that Gold has succeeded in completing ...
Reasons for bullish bias: - Price respecting long-term trendline - Strong weekly bullish candle closing at horizontal support + trendline - Bullish divergence Here are the recommended trading levels: Entry Level(CMP): 206.58 Stop Loss Level: 187.88 Take Profit Level 1: 225.28 Take Profit Level 2: 240.85 Take Profit Level 3: Open
Fiserv has squeezed into a tight range, and now some traders may think a breakout has begun. The first pattern on today’s chart is the falling trendline since the end of March. Notice how the provider of banking IT services has crossed above that line. Second, FI has repeatedly bounced at $146 since late February. That could suggest support has been established...
Today, gold still maintains an upward trend, and gold is currently trading around 2420. Everyone must have questions, whether the bulls will continue to rise, or wait for the high point to pull back, I think this is the most concerned issue for everyone at present! In fact, I am not optimistic about how high gold will continue to rise. Although gold has risen...
Conditions for setting up a Buy: 1. The trend on the H4 and H1 timeframes is upward 2. The price retraces to the Fib 0.5 - 0.618 zone 3. The Fib 0.5 - 0.618 zone is currently a liquidity zone. Entry: - Around the Fib 0.5 - 0.618 zone, a 0.5% Buy limit can be placed - SL below Fib 0.618, TP at the nearest peak - The remaining 0.5% will wait to see if the price...
wait for break current support area and then go short - General Trend is Down Trend - wait for break current support area at green arrow and go short have fun :)
Conditions for setting up a Buy: 1. The price returns to the liquidity zone 2. The price returns to the Fib 0.318 - 0.5 zone 3. Divergence appears on the H1 timeframe (waiting) and M15 timeframe (waiting) 4. The trend is upward on the H4 and H1 timeframes Entry Point: Around the Fib 0.318 - 0.5 zone, with mandatory divergence and a reversal candlestick...
MFI shows a bullish divergence and a pullback up is possible but the overall trend is still down LL and LH. Very high probability for the price to pullback up into the VAL line and the strong resistance level before doing down again . Enter short after the pullback up completion and a reversal candle stick while MFI still below 50 level Good LUck
The XRPUSD has produced a breakout to the up side on the weekly chart This can initiate the long-expected rally in it's price This can also align very well with the recent correction in the crypto market and the possible beginning of the next strong up swing in BTC
Affirm Holdings Inc., known for its installment payment platform, has entered into a partnership with RONA Inc., a prominent Canadian home improvement retail chain. This collaboration is set to enhance the shopping experience for RONA’s customers by offering flexible payment options, particularly appealing in the current economic climate characterised by...
Hello traders Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!! Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher! Regarding the current chart while the general trend...
In this video, I delve into the crucial aspects of Risk Management and share my insights on interpreting the market when it is in critical zones, just like the one displayed on our current XAUUSD chart. Here's what you can expect: Risk Management Techniques Learn the strategies I employ to manage risk effectively, ensuring that my trades are protected against...
I see 2 bearish patterns on GBPAUD. The price formed a rising wedge pattern. After its support breakout, the market also formed an inverted cup & handle formation. Both patterns confirm the overbought state of the market. We can expect a retracement at least to 1.912 ❤️Please, support my work with like, thank you!❤️
Price has reached what is seemingly the base of the top 15 min range, could a short be brewing. Still yet to confirm bearish lower timeframe momentum. However, it is unlikely that bulls are looking for entry here. In my opinion at least. ONLY TIME WILL TELL
Hello Traders, We are still in a long-term channel. I expect more profit from my open positions and I may add some more volume on the bottom of the short-term channel. My TP: 1.03800 SL: below the zone
Be careful, by defeating a level and pullback to it, the next goal will be activated!
Hello Traders, This is what I think about the pair technically. I sees a bearish channel which is about to break in long term so I need a daily close over the zone. The Bullish channel in 2h TF is strong and sharp! Any full breaks regarding the daily chart over the Zone is a buy signal for me! At the same time any breaks below the 1.0850 will activate a...