Gold has retraced over 61%, reaching a key support zone that indicates a potential reversal to the upside. On the 4-hour timeframe, a broad Fair Value Gap (FVG) has formed between $2678 and $2701, which we anticipate may fill as the price rebounds. However, there remains a possibility of further downside momentum, which could lead to a deeper test of the support...
We've identified a breakout below the support level on the hourly timeframe. Currently, we are observing a pullback, and we anticipate a continuation of the downtrend toward the support region around $2710. Additionally, the bearish gap opening on the DXY suggests that any effort to fill this gap will likely strengthen the USD, driving XXXUSD pairs further downward.
Bitcoin recently tested a major resistance at $73,600, where selling pressure emerged on lower timeframes. A breakout followed by a pullback may occur after the third impulse completes, potentially driving downside momentum to gather liquidity around the key support zone near $66,670. At this level, we could see supported price action aligning with the recently...
EUR/USD has formed a double bottom pattern and is currently positioned at a major support level on the hourly timeframe. This setup suggests a potential bullish rally, with a breakout above the consolidation resistance likely to signal upward momentum. If the breakout occurs as anticipated, a bullish trend could emerge, aiming to surpass resistance levels around...
On Monday's Asian opening session, we observed a significant opening gap in the XAU/USD market, with the opening price at $2732 and the closing price on Friday near $2747. I anticipate that the gold price may dip to the highlighted support level before resuming its upward trend. This movement could potentially fill the gap and retest the highs around or above...
Bitcoin has just broken the trend line resistance on the daily timeframe. With the recent bullish sentiment, we anticipate a continuation of the rally once the breakout is confirmed. Our first target is the FWB:73K region, a previous key resistance zone. If the price breaks through this level, we could see a move towards $80k and beyond.
EURUSD has visited back on a major support zone after the sell off identified with the double tops formation. Here we are about to see a short term buying sentiment followed by the support identified. Watch closely on the trend line and the highlighted zone.
Here we have identified a breakout on support which can be expected to drop down further with the ongoing bearish sentiment. Look over the price action below the highlighted support for a possible short entry.
The EUR/USD pair has reversed from a key daily resistance level, confirming this zone as a significant sell area. A trend breakout has further intensified the bearish sentiment. Additionally, the price has formed a double top pattern, reinforcing the bearish outlook. Based on this analysis, a short position could potentially yield a profit of 50-100 pips.
Bitcoin is showing bullish momentum, trading within an upward channel. After retracing to the channel’s upper boundary, it’s possible that the price could test the major hourly resistance level again before a potential bearish reversal.
I have picked a BTC long with the FVG and OB formed before the FOMC for a quick trade targeting $61150 which got ended up well by clearing the targets.
XAU/USD has tested the resistance at the channel's upper boundary. We're now observing bearish price action developing in the lower timeframes. We anticipate a revisit to the previously identified resistance zone to fill the fair value gaps (FVGs) formed, after which we expect another bullish reversal to occur.
On the daily timeframe, the EUR/USD price has reversed once again toward the resistance zone from the key highlighted level. Additionally, we see that on the daily timeframe, the price confirmed a bullish breakout from the bull flag pattern. This breakout has the potential to drive the price upward toward the next resistance level near 1.1245.
The GBP/USD has broken above the major resistance at 1.31450, forming a well-defined bullish channel that has been guiding the price steadily upward. The upper boundary of this channel has acted as a strong resistance, and there is a possibility of a short-term pullback as the price approaches this level. This potential reversal could lead to a retest of the...
The EUR/USD has broken above the recent daily swing high at 1.11400 and is showing strong upward momentum. The next key resistance is around 1.12507, a level known for strong selling pressure. As the pair approaches this zone, we could see either a fake breakout or a continuation of the bullish trend, potentially wiping out selling positions due to the recent...
XAUUSD has made a strong comeback on the hourly timeframe, leading to increased volatility and uncertainty. This heightened risk means that traders should exercise caution, as the likelihood of hitting stop losses is significantly higher. The current market price action is consolidating, which can be unfavorable for trading.
#USOIL As predicted last time, we observed a significant drop following the breakout identified in the bullish channel. Currently, we see consolidation, a bearish impulse, and now a pullback. We anticipate another downward movement once the current bullish impulse concludes. This is expected to retest the recent lows near the major demand zone previously highlighted.
GOLD has declined following the release of the jobs data, but it has now reached a strong demand zone, where we previously observed significant buying pressure. If the price respects this level again, along with the lower boundary of the identified channel, we could see a bullish impulse before any anticipated downside momentum. However, a failed breakout at this...