XAUUSD | Ascending Triangle AgainPlease support this idea with LIKE if you find it useful.
Price formed another ascending triangle. In case there is a breakout of the pattern we can initiate long. If price breaks the Horizontal resistance we can continue longing.
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CFD
XAUUSD | Ascending Triangle is FormingPlease support this idea with LIKE if you find it useful.
Price is forming an Ascending Triangle and the price has retraced from support trendline of the pattern. We can expect the resitance of the pattern to be tested. In case we get a confirmed breakout of the Ascending Triangle, also 61.8% Fib Line we can continue longing.
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USOIL | Downward Breakout of Ascending ChannelPlease support this idea with LIKE if you find it useful.
Price made a breakout of support trendline of Ascending Channel. Also it's a breakout of Ichi Cloud. This can lead the price drops to 30 usd.
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Dow Jones Dollar Index | Almost a Decade of UptrendPlease support this idea with LIKE if you find it useful.
Highly recommend to watch the Support trendline, because it was not broken for almost a decade.
At current we have an Ascending Triangle formed and if the resistance zone is past the Uptrend will continue.
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XAUUSD | Shooting StarPlease support this idea with LIKE if you find it useful.
Be careful with Gold, because we have a Shooting Star candlestick pattern, which is a bearish sign. Also the price closed under Horizontal Resistance. This might lead us to correction at least and to reversal of an Uptrend at worst.
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Dow Jones | Retracement in Ascending ChannelPlease support this idea with LIKE if you find it useful.
We can initiate a Long position, because price reformed the Ascending Channel so that we have a retracement. Also we have Gaps to fill
But if we lose current support trendline the decline can continue.
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GOLD is close to the Key Level!Gold approaching the Key Level 1611.34.
We can open Buy above this Level.
Reasons:
- the trend is bullish ;
- the Key Level 1611.34 can be a support;
- potential profit will be 3 times bigger than the risk.
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XAUUSD | Watch Resistance NodePlease support this idea with LIKE if you find it useful.
Price is inside the Ichi Cloud support zone. Above we have strong resistance node: 78.6% Fib level, Horizontal resistance zone and Ichimoku Cloud's upper boundary as a resistance. If we get a confirmed breakout of this zone we can initiate a long Position.
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USOIL LONG TRADEFalse breakout occurred at demand zone at level 49.39
and confirmed by strong bullish movement
MACD shows bullish momentum
RSI is above neckline of double bottom pattern
It's expected to target first key level at 52.19
then target supply zone at level 54.36
after covering price gap at level 53.28
GOLD, A global picture!You can see the GAP on the Gold Futures chart and it was closed by the price.
After that pullback Gold can continue to grow.
Global Target is near $1800.00.
If the price will pullback to Buy Zone it will be the best place to open a position with a nice risk/reward ratio.
Potential profit will be in 5...10 times bigger than risk.
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XAUUSD | Supported by 61.8% FibPlease support this idea with LIKE if you find it useful.
Price was supported on 61.8% Fib level. If the price fixed above previous support zone we can initiate a long position.
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GOLD, Where to join the party?)We can open Buy above the Key Level.
Reasons:
- the trend is bullish;
- the Key Level 1611.34 can be a support;
- potential profit will be 3 times bigger than the risk.
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USOIL LONG TRADEUSOIL rebounded from key level at 50.75
RSI reached oversold region on H1 frame
MACD shows positive divergence, price is making lower lows and oscillator is making higher lows
It's expected for coming bullish wave to cover the gap price at level 53.28
then target the supply zone at 54.43
XAUUSD | Bullish FlagPlease support this idea with LIKE if you find it useful.
Reason for long position: price formed a bullish flag pattern. If price will take a correction to lower zone we can initiate long from there.
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XAUUSD | Bullish Flag BreakoutPlease support this idea with LIKE if you find it useful.
The price made a breakout of Bullish Flag and the Patter is working out now. Be careful with the level of 1675$ because we might have a correction after price touch this level. You can also wait for a fixation above this level.
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XAGUSD | Strong Resistance ZonePlease support this idea with LIKE if you find it useful.
Price was rejected by Strong Resistance Zone. That way we have a Channel formed and can expect the price to go back to the Support Level of a Channel.
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XAUUSD | Local RetracementPlease support this idea with LIKE if you find it useful.
Price formed an Ascending Channel and currently was rejected by Resistance Trendling. We can expect a local retracement to one of the support zones.
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XAUUSD | Ascending Triangle BreakoutPlease support this idea with LIKE if you find it useful.
Reason for a Long Position: Price made a breakout of Acsending Triangle. But consider to initiate long only when tough resistance will be broken.
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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.