Based off chart analysis ,oil is forming a nice pattern easy to read and digest in this scenario I am waiting for it to either bounce on the purple line upwards side and depending on how the Middle east news pans out and the US oil inventory updates i will buy or sell off that with targets indicated in the chart Its a matter of patience don't miss fundamentals...
Gold is in an uptrend on a daily and will likely continue till it touches 2714 , which will be the next HH, After that we might see a retracement towards 2650 area. However look out for any fundamentals that might push it down towards 2650 from where it is now (2680)
Just adding and trying out patterns. don't mind the arch its my first time just placing it there. But however based of price action I can see we had resistance around 2669 then it started declining and stopped around 2620s area the next point of support for me could be around 2550 zone with breaks in between before it can go and break the HHs
following the down trend after the markets openning on monday we can see GBPUSD slowly retracting from the previous HHs trying to create a new LH before it can continue to new highs Technically we can see a bear flag pattern and if it breaks it will then move upwards but if it bounces back it will stay in the green zone i will be selling at the top of the...
Gold prices are rising due to economic uncertainty, inflation concerns, currency fluctuations, lower interest rates, and market speculation. These factors are driving investors to seek gold as a safe-haven asset. and as well as prices might fall rapidly due to improved economic stability, rising interest rates, a strengthening US dollar, reduced inflation, and...
Gold has the potential to follow the trending channel between the turquoise lines and also with the small breakthrough to the downside it could mean it's ready to retrace back to the 1932 area. Just keep your eyes peeled and comment your thoughts below. I will buy if it comes back to 1974 with a tp beyond 2005 and will sell if it bounces back down from 1972 with a...
gold touching that triple top, which is the highest level of all time, Comparing the pattern to the previous years, etc 2011 peak we might see it falling towards 1400s, despite bricks efforts to use gold as a standard currency , if anything fails or is delayed then 1400 will be here within 8 months, Its good for long term trades , Sell small lot size and do day...
OANDA:XAUUSD We have seen gold in a range and with the dollar strengthening I am losing hope for a correction to the top for that FOMC disruption. On the bright side price action and chart pattern are telling me 1863 - 1879 is support and if it breaks below 1860 then a continuation of the downtrend and if it breaks above 1879 we looking at 1890 as our main target.
OANDA:NAS100USD CURRENCYCOM:US100 CAPITALCOM:US100 I used the Elliot triple combo wave, Just trying out to see if the pattern can direct the trade But besides that Based on price action we have a big W completion so I expect the pattern to follow we also have a gap from to the previous HH giving out space for liquidity. So i will enter at the End of the W,...
TVC:USOIL FX:USOILSPOT based on chart patterns its been in a long-range since December. Expect it to break out soon to give us either new Lows or new Highs but that will be based on fundamentals as oil moves quicker with that. For now, We just buy below 73 and sell 82 with Sls in place any discussions are open in the comment section
based on yesterday's fundamentals it's safe to say Gold is eyeing 1970 - 75. and it also could be a confirmation of the already ongoing uptrend. We have seen HHs and HLs. With it breaking below the last HL 2 days ago. There is potential for a retracement towards 1900 to 1890 which could easily be our new support for the 3k target
As gold failed to retrace back towards 1880, it continues to rally weekly for the past 5 weeks forming a seamless uptrend. The rally could be caused by a few factors besides the dollar being weak. It may continue to go but we might need a little 400-pip break for it to keep going. RSI is in the overbought zone. Fib just went outside the range zone so I will be...
OANDA:CADJPY Is on an overal dowtrend. In the dow channel, we have our zig-zag / LHs and LLs. If we don't get a break out to the top side we will continue with the downtrend. Most of this will come due to the BOJ not changing its banking policies. Everyone is still waiting on that so for now we just buy and Sell when we see fit till the great confirmation of the...
triple top on OANDA:AUDUSD with the dollar strengthening, we might be due for a bounce back/ retracement to the 0.69 area. Just keep your eyes peeled. If it breaks beyond the orange zone then a continuous trend is still on but if it goes below then we are god for a long sell. now I sold 0.712 with 50 pip SL and an open Tp because USD has time. I will be...