Bullish divergence on RSI as well as price in the demand zone makes me develop a bullish bias on Gold. Here's a trade in 2h TF.
New set-up for gold short selling. Wait for the price to break ascending support line before entering the trade.
The elaborate Demand and Supply Zone play of Gold continues. Taking a cautious short position here back to the Demand Zone. Stoploss should be at the top level of the Supply Zone.
We may see JPN225 reversing from descending resistance to the nearest demand zone.
White a correction for GER30 is imminent but I believe we can still take a long position for this week
USDCAD is approaching a strong resistance zone and is expected to start a bull rally. Descending wedge may soon be broken.
Is it finally the time when NZDCHF starts its bull run? Here are some technicals.
USDJPY is expected to continue its bearish rally today, expecting a retracement to 131.315.
Nasdaq will take a small correction before continuing its bull rally, here's a suitable entry strategy.
Technical analysis of EURUSD and strategy for taking a long position.
GBPUSD shows a strong upwards trend, taking a long position upon reversal from the lower range of the parallel channel.
Gold will retrace to TSE:1980 before continuing its upward trend.
While a strong resistance zone is ahead, my bias for BTCUSD is still bullish. But if the resistance at Fib-0.382 is broken, bears will certainly take over.
A small idea for taking long position in USDCAD bullish trend
CXY is bearish. Will the downtrend continue? Looking at the bigger picture, I'd expect a short-term correction before (or if) CXY moves southward to test the lowest support. These are just the technicals, macroeconomic factors are ignored here!
Double top at daily descending resistance and falling wedge formation on 4h TF. My bias for BTC is bearish.
With the price level approaching the daily descending resistance level; and bearish divergence in MACD, I'd advise shorting Gold, BUT ONLY AFTER the appearance of two consecutive red Heikin Ashi candles.
Hedge formation at the probable peak of the recent bullish rally may present us with a short window for taking a short position. Moreover, there is also an indication of bearish divergence in MACD.