Here is a possible long or buy scenario for gold. A retest around 1962.5 I see it as resistance that became a support. If the retest is successful and broke the 1980 resistance, we may be able to see a bullish gold scenario here
* Here is the current structure of the gold * Gold is now at the 1940 Support Area. * On 3 hr Timeframe, the price got rejected on the 3hr Demand zone. * For a bullish scenario to happen ( Green Path ) we must see a bullish ChoCh and a clear break of structure in Higher and Lower Time frames, * For the bearish scenario to happen ( Red Path ) a possible...
Here is my PSEI view for the long term. The worst-case scenario is 5,500.
Price at 1719 PHP might still consider going down around 1668 or continue the possible move of price upwards. It it breaks the 3 hour supply then I guess we can consider a possible long term buy for the stock.
It can possibly retrace back to the 30 minute supply 138.499 and will continue to go down at 1 hour demand 134.946
I can see a clear bullish market structure in higher timeframe. Price is in Daily Demand right now. If price gets rejected and moves in another direction, we can see a posible bullish scenario.
I see that there might be no more possible retracements on the higher price, In 4hr timeframe there was a valid supply and it price then got rejected when it came to that price. I saw that it swept internal liquidity.
After the news, Gold price can experience a possible upwards price movement to these 2 supply areas.
DXY is in the support zone that used to be a resistance level from January 2017 and March 2020. a resistance level for 3 years. If the 100 -102 support doesn't get broken we are now looking at our new support and the U.S Dollar index can give us another bullish scenario. The new resistance would be September 2022 High 114-115.
On 4h timeframe it got rejected on resistance level, it looks sideways though, for 2hr timeframe it looks bearish for me, and might go back to the 2hr supply area and sweep the internal liquidity. However on 30m timeframe there is a supply area, if ever it price gets rejected on that supply area, I guess it can be considered as the new Lower high and may not...
My 2hr Supply was met, and a possible retrace around 1.24693 and continue the downside movement.
A possible retrace on 2 hour supply, sweeping all internal liquidities then proceed to sweep external liquidities down to 1.30494 demand area.
BTC already broke the 297xx and is now trying to break past 286xx resistance which is now I'm looking as my support. If it breaks it then it is possible we face another sideways market for days in range of 265xx support and 286xx resistance. Once the said 265xx It could mean we are possibly going to experience a more downside momentum. This is not a financial...
We can see the chart tells that it is in downside momentum. Now, the is a 3-hour supply area that can be a possible area for another short entry between 1.34289 to 1.34397. Then goes down to the daily demand at the bottom.
US30 Short, Possible short since it already swept the internal liquidity, now it is time for sweeping the external liquidities.
A possible short on supply areas 1.10187 or 1.10478 to the 3 hour demand area which is 1.09367
Order Flow transition from bearish to bullish in 15 minute timeframe
Bitcoin is now playing at the 287xx Support and 322xx Resistance trading range. This 287xx has been a support level from May 10, 2022 to June 9, 2022. A long period before another downside movement. 287xx was a support and now a resistance level. Long term view 2 Scenarios are possible for me. A.) We might have a sideways market for some days and...