Waiting for price to come back down and retest previous resistance. This could become a support level then and price will head up to previous highs of 1.38999. This also could fail a retest and head to the downside so before getting in wait for the retest
Here is my analysis of Gold at the moment. When we look at the daily time frame we can see that gold is still in an uptrend and price is heading up. However when we look at the 4hr timeframe we can see that price is current in a very interesting area. Where price is at the moment there isn't enough confirmation to say where it is going. Price could respect the...
Price has broken out and has made a move to the downside. since then we have seen the HH have failed to form and LL have started to form. This is signifying the start of a downtrend. In most US markets we have seen that the USD has become a lot stronger recently and is starting to becoming more powerful. Due to all of this i think price is heading down. Good Luck
Price at the start of this week showed that it was very bearish with a lack of bulls to push price down but every time that price has had a dip it keeps getting smaller and smaller showing that the bulls are coming back into play. Price has also formed a rising wedge on the 4H time frame signifying that price is heading to the upside soon. Price is also about to...
price has broke out of a downwards trend and has formed an inverse head and shoulders on the chart. Price has just hit a resistance area that if it breaks out of t5hen price is going long till about 1882
Price recently has been very bearish after price rallying last year to highs. For a couple of days now we have seen that when the US market opens price rally's to the downside. There is also a falling wedge that has formed and price has failed to break resistance so Price is going to go down. I feel that price has to go down before price goes back up again and...
Price has broken out of a range and is now making a move to the upside. With the GBP being bullish with help from their Brexit agreement. Price is in a channel at the moment and if it breaks out going long for today would be a good idea. Price has also formed an inverse head and shoulders indicating that price is going up. I'm going for a sniper entry on this with...
Price has been moving to the upside slowly today with one point where price had a significant drop. Since then price has recovered to an area that has was previously a strong resistance area. Price is going to breakout of this area after failing to bounce off the resistance area and head down to the support level. Price is bound to breakout of the resistance area...
Price has hit resistance and has failed to break above the resistance level. price has also made a double top and is in a falling wedge. Due to all of this I believe that price is going to go down a little more before going up again. The RR for this trade is 2.5. Let me know what you guys think. Please do your own analysis before placing a trade. Good Luck
Last week we saw price make a move to the upside until the last couple of days were it broke out of the channel and price started to go down. Since then it has hit a support level where it has been respected. If price falls below this support level and retests and fails to break above the support level then I will be looking at getting into a short position at...
At the moment although price is failing to make any significant moves anywhere it is still slowly moving up while retesting a support level. If price falls below the support level and retests and fails to close above then I will be looking at getting short on the market at 1.26328 and holding until 1.24114 the previous support level for a RR of 4. However if price...
Price has shown that it has failed to break resistance and push price higher before market close on Friday and by looking at the candle pattern high before this one the same candle pattern has appeared and then price went down afterwards. I feel that price will head down due to this and due to the triple top that has been formed. If price comes down to 140.623 I...
Before market close on Friday we saw that price broke out of a range but failed to stay above the resistance level. Price then came back down to the support level were we saw some wick rejections. The GBP seems to be bullish this year with getting a deal with Brexit where as the USD seems to be bearish and with everything going on in America at the moment I feel...
On Friday price broke out of a range but failed to go high and instead came down and hit previous resistance levels. After hitting these levels we started to see some wick rejections right before market close. Due to this I believe that price is going to break out of the range again retest the support level. If price doesn't fall back into the range and hits...
On Friday before markets shut we saw price break previous support levels and head down to below 1850 but as markets came close to shutting we saw the price have a move upwards to the previous support level that had just been broken. My thoughts on this is that price could now be turning and heading up to all time highs and if we see price break above resistance...
The market is still showing very bearish signs after breaking support and price going down. I believe that price still has potential to go down to the next support level before the markets shut tonight Let me know what you guys think and before taking the trade make sure you do you own analysis first. Good luck
On the chart we can see that price is currently in a range and it hasn't had a breakout yet. Going off this we can see that will price will move up to a resistance level. Price could either be rejected at this area and go back down to the support level or it will break out of the range and head up to about the 0.8 area. This will be and good trade to get into...
After looking at the XAUUSD graph we see that it hits an area of resistance every time it gets to the top resistance level. After it hits this point there has been a huge sell off down to the middle support level. We saw that it hit the resistance level and since then there has been a sell off. I believe that it still has potential to go down further before doing...