Overnight, gold prices met resistance in the 2425-30 range as expected and subsequently pulled back. This morning, short-term downward pressure increased, causing prices to break below the 2395 support level again. In the short term, attention should be paid to the possibility of further downward pressure, potentially opening a downside target area around the key...
Tomorrow Monday 10th, I see a strong possibility of downward movement first, dropping to 67000 - 66000 area. Then, we need to observe whether there is possible for upward movement. Possible long area: 1. 68400-68700 if it breaks down, then, 2.67000-66400 If 66000 breaks, then t0 62000 area is possible. Let's see how the week plays out.
Trade Gold within Trend! General: Strong bearish trend on daily and 4h. however, 1h there is a pullback. Now, let's observe how would gold act during Asian time tomorrow, especially, how would it 2300-2314 before it breaks 2314, there is no break of structure on the 5mins level, so no buy. Only looking for chances to sell. And with all sell, a safer stop loss...
Trade Gold within Trend! General: Strong bearish trend on daily and 4h. however, 1h there is a pullback. Now, let's observe how would gold act during Asian time tomorrow, especially, how would it 2300-2314 before it breaks 2314, there is no break of structure on the 5mins level, so no buy. Only looking for chances to sell. And with all sell, a safer stop loss...
VIX has reached daily and weekly support, i think its time to look for a long position. But, we need confirmation on 1h, and entry on 15m or 5m. let's see how the week plays out. NOTE: if VIX goes up as expected, SP500 will correspondingly experiencing a pull down.
I was looking for an opportunity to sell, and saw the 4h/1h resistance area - didn't enter. next round
Tomorrow Monday 10th, I see a strong possibility of downward movement first, dropping to 67000 - 66000 area. Then, we need to observe whether there is possible for upward movement. Possible long area: 1. 68400-68700 if it breaks down, then, 2.67000-66400 If 66000 breaks, then t0 62000 area is possible. Let's see how the week plays out.
ast night, when I intended to go long on Nasdaq (Nas), the market had already closed. Consequently, the first action I took this morning was to initiate a long position on Nasdaq. However, I found myself unable to maintain the position for a sufficient duration to capitalize fully on the upward swing. Here are the reasons: I am still not fully confident in my...
Trend: On the 4-hour chart, EUR/USD is in an uptrend. EUR/USD is currently in a weak demand zone. I believe the pullback is sufficient, and one can consider going long with a favorable risk-reward ratio, targeting the previous high. Let's wait and see how it plays out.
I just did a bit research on Nasdaq. The Nasdaq (short for the National Association of Securities Dealers Automated Quotations) is a stock market index that includes a variety of technology and internet-based companies listed on the Nasdaq stock exchange. It primarily reflects the performance of these technology-driven companies. The rise and fall of the Nasdaq...
I wouldn't short considering the current market condition, the bullish trend is super strong. Simple fib structure retrace back to 61. 8 area, and it was tasted twice, seems to be a good point to enter long. entry: now, or better position sl: 43500 tp: 44700