Hey Everyone, Please review our last update on this chart below so you can see how we have been tracking this chart and to get upto date with our chart flow. We are now seeing price into the swing range after ema5 locked below the axis support level we highlighted on the chart. This played out as analysed with level to level tracking. We are now in the swing...
Hey Everyone, Please see our last update on this chart below to get upto date with our chart flow on this idea. Price is now testing the channel bottom and testing strong support levels. We are expecting reaction bounces in this range to . A break below this range with ema5 cross and lock below this channel bottom will open the range below, in which case the...
✅GOLD is going down and It broke the key level of 1900$ And it stayed below the level So the breakout is confirmed And so I think that it will Go down on Monday SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
if you look at the price movement last week, there is a possibility that a reversal will occur. I still use the Eliot Wave notation a few weeks ago with the assumption that the price will be bullish with the invalid area boundary below. if the area is violated then the elliot wave notation will change and the trend will probably be a complex correction wave.
KOG Report: In last week’s KOG Report, we said we would keep the bias as bearish below 1945 and we would be looking for the target level of 1890. Ideally, we wanted the support levels to hold giving us a move for the long trades, and then we would be looking upside resistance to short the market again down into the given level. Unfortunately, we didn’t get the...
Hi folks today I'm prepared for you Gold analytics. A small time ago price declined from the 1935 resistance level to the resistance zone, which coincide with one more 1900 resistance level. But then Gold rebounded from this level and made a strong impulse to the trend line, breaking the 1935 level with the resistance zone. Next, the price started to decline and...
Hello,Friends! Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 22.297. ✅LIKE AND COMMENT MY IDEAS✅
Strong Trend Line in white for Silver I expect rare metals to perform well if a recession occurs. Price sitting right above the strong trend line. Bullish on this Weekly timeframe.
Here is my latest structure analysis for Gold. Horizontal Key Levels Support 1: 1875 - 1898 area Support 2: 1854 - 1858 area Support 3: 1804 - 1811 area Resistance 1: 1923 - 1933 area Resistance 2: 1942 - 1947 area Resistance 3: 1972 - 1987 area Vertical Key Levels Vertical Support 1: Support line of a falling wedge pattern Vertical Resistance 1:...
The big market themes last week were trading increased China risk and a resilient US economy with higher US ‘real’ yields (TradingView - TVC:US10Y-FRED:T10YIE ) – the result was broad USD strength and global equity weakness. GBP longs also saw tailwinds from the UK data flow, with GBPNOK the best performing major currency pair on the week – Services PMI could...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hello,Traders! GOLD keeps falling inside The narrowing wedge pattern So before the breakout the price Will keep falling inside this Wedge so I think that the Price will go further down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Looking at the 4h timeframe there is a bullcase for buys at this level. 1. we are at a key level of support 2. the smaller bearish channel has seen us bounce from the lower band of the channel which aligns with the support level 3. the larger bearish channel is yet to see a test of the upper band, which should we break up through the smaller channel, retest, we...
As ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here. 1876 on the daily timeframe being respected would be a key area for the weekly candle...
Another week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support...
My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 1889.2. Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1915.80 Safe Stop Loss - 1876.3 About Used Indicators: The...
OANDA:XAUUSD finally breaks the medium-term support line and updates the low to 1885. The trading week closes near the local support level, which indicates that the market is ready to continue the trend This week ended positively for the dollar, the metallo reacted as expected. There are several important news items to watch out for in the coming week: 1)...
Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that price not long time ago entered to downward channel, where it first fell to the 1940 resistance level, which coincides with the seller zone. After this, in a short time, Gold broke this level and continue to decline to support line of the downward channel. When the...