Gold is currently trading at 2578, aligning precisely with the 61.8% Fibonacci retracement level. The RSI on the H4 chart stands at 76.36, indicating overbought conditions just before the market closed. Following the market reopening, gold may experience a short-term pullback towards the 2572/2573 range, with potential further decline to 2561, driven by market...
Cyber Pattern has been detected and also a rejection in 1.794 area. I am placed buy positions targeting 1.804 (first) and further extend to 1.808 (second target) for the intra-day retracement.
Gold is expecting to get a rebound upto 1762 (78.6% Fibo) and further 1742 (61.8% Fibo) from 1984 region. I personally take some sell positions at 1783 already with adequate equity backup. Gold may have a false spike towards 1800 region, i will be taking another sell position if it goes to that part as well. Chillax
Gold is still playing like a good boy. First side wise movement up-to 1750 region has been done. some selling trade closed on last week . Now, I am expecting some movement to 1760 and if not break then 1800 region. Setting up few short sell set up at 1772 region already with adequate equity backup with a target 1760 for now.
EURGBP is moving uptrend targeting 0.92 zone. expecting a possible re-entrancement from that point due to week opening force.
Gold is playing like a good boy till now. Expecting some movement between 1767 to 1752 today. Breaking 1768 will take the gold up-to 1790 this time. Setting up a sell set up at 1790 with adequate equity backup.
US30, Dow Jones is to be expected for a possible short sell upto 25000 key level completing the wave before the next bullish or bearish move.
GBPAUD is staying in its long term trend-line which is also the 50% Fibo level (1.835 Level). RSI is also giving over sold signal. GBPAUD in next few days is expecting t gain some momentum to for a Pull up at 1.885 level. Signal: Bullish as the price is near the Higher Lows Zone of the pattern. Used Analytical Tools: a) Fibonacci b) Trend Line c) RSI
Eurjpy pair has just formed a Cypher completed at the longterm trend line which is also a key level 120.00, I am running to sell projecting 118.4 zone. yet, i will be doing shorts if it fluctuates for some times in this area. Used analytical tools: a) Trend based Fibo Extention b) Cypher pattern c) RSI (as indicator) - showing overbought situation d) Gann Fan...