Gold is currently trading around $2387, having formed a bearish flag pattern on the chart. This pattern suggests a potential continuation of the downtrend. The bearish flag pattern in gold suggests that the market is likely to break out below the lower boundary of the flag, potentially targeting $2367 or lower. This breakout is often accompanied by increased...
Gold Market Breakout Gold has broken out above the key resistance level of $2374, suggesting a potential continuation of the uptrend. This breakout is accompanied by a complex technical pattern, consisting of an inverse head and shoulders pattern and a bullish expanding triangle. Inverse Head and Shoulders Pattern: Left shoulder: Formed around $2366, with a...
Bearish Flag Pattern in BTCUSD The BTCUSD chart is currently forming a bearish flag pattern, indicating a potential continuation of the downtrend. With Bitcoin's price hovering around $64,300, this pattern suggests that the market is likely to break out below the lower boundary of the flag, potentially targeting $62,000 or lower. Key Characteristics: Flagpole:...
The Falling Wedge pattern is a bullish chart pattern that forms when the price of a security is consolidating within a narrowing, downward-sloping range. Here's a description of the pattern: Key Characteristics: 1. Downward slope: The price is moving downward, but at a decreasing rate. 2. Narrowing range: The range between the highs and lows is decreasing,...
Bearish Pennant Pattern Breakout in GBPUSD The GBPUSD chart has broken out of a bearish pennant pattern, confirming a potential downward move. With the British Pound trading below 1.29100 against the US Dollar, this breakout suggests that the market is likely to continue its downtrend. Key Characteristics: - Downward trend: The pattern formed within an existing...
XAUUSD Gold is forming falling wedge in H1 time frame which show a technical movement in upward direction to mentioned targets.
Gold has formed double bottom pattern in intraday target 01: 2315 target 02: 2321 target 03: 2329
Gold has formed a strong RISING WEDGE , Now Gold may reach the mentioned targets in 15M time frame
BTC is looking very bullish to reach its resistance level at 65000 BTC has strong support at 63600/63300 if it breaks it it may reach to 61000
Gold Xauusd next possible movement on coming Monday, we have a strong support and 2316 and weak resistance at 2327/2328 and strong resistance at 2336/2338. So it is possible to reach 2336 by Monday