XAUUSD, to Short further to 1903Gold has been on a bearish wave since the start of the last Friday, 1st September and the sells continued since the start of the week to 1915.339 been the weekly low. Price below 1925 will be well resisted by the EMA-200 at 1928.
The US fundamental on unemployment claims today was negative for Gold and expected to decline further to the next significant level at 1903.
Cherish Gold traders, what are your thoughts?
Beyondtechnicalanalysis
CELRUSDTCELRUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.01210.
ATRUSDTIs ASTRUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
AUDUSDAUDUSD was trading under declining trendline and recently it seems like bulls are starting to take the charge and has given the breakout from declining trendline with significant bullish candles .
Currently the price is forming a local support around 0.6380 region.
Will the bulls take charge again continue for leg higher?
USOILIs USOIL exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
USDJPYIs USDJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 146
What you guys think of it ?
GBPJPY, Bulla ready to retest 186.744The price movement fulfilled my last projection.
The GBPJPY bulls are ready to challenge the 186.744 price after a pull back from the last time it reached this price on 21st August, 2023.
The price is adequately supported at 184.838 and the EMA-50 on the 4hr time frame.
Let us see how it unfolds at the top.
GBPCADGBPCAD is trading in almost symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 1.7220.
What you guys think of this idea?
SOLUSDTSOLUSDT is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is within the flag and seems like it getting ready to break it. Will the sellers took benefits from these bearish confluences
What you guys think of it?
AUDJPYAUDJPY was trading in bullish parallel channel and then has given very strong break out from channel. Currently the price is retesting the broken levels which is also a 38% fib retracement and it seems like the bears will take control again and send the price even lower level.
What you guys think of this idea?
JOEUSDTJOEUSDT is trading in almost symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 0.3000.
What you guys think of this idea?
WOOUSDTWOOUSDT is trading in symmetrical triangle pattern. The price is reacting well the support and resistance of triangle.
Currently the price is at the support of triangle where it is also forming a local support zone and seems like the price may break through the triangle.
If the breakout sustain to upside the optimum target could be 0.1800.