FX:XAUUSD is consolidating between 2588 - 2562. But, buyers are not yet out of the game in the hope of continued growth. Then everything depends on the Fed. Welcome to the casino :) At 18:30 the FOMC & FED will meet to decide whether to cut rates. 0.25% or 0.5%. A 0.5% Fed rate cut could send a mixed signal about the state of the US economy: the Fed's...
FX:XAUUSD is once again testing the resistance of the 2531 range, but is not able to overcome it yet. At the same time the dollar is forming a flat in anticipation of important news.... “Dovish” expectations of the Fed and persistent geopolitical tensions in the Middle East will continue to support the price of gold. The Israeli army mobilized thousands of...
FX:XAUUSD is forming a sideways range and continues to test a strong resistance area. Bulls and bears continue to fight and still cannot share a strong area. Possible shake-up. Gold is in the active phase of the correction, which started as early as last Friday and we were ready for it. The price is already down 5.7% from the high and most likely this is not...
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This will be my trade setup for 22-May-2023 In Previous few sessions price is in consolidation between 800 Points. Missing ATH by 0.10 points :) Following will be trade setup for tomorrow : From Price action price is moving upwards and making HH and HL and with Resistance placed at ATH (44151.80) and making it a Ascending Triangle pattern respecting Rising...
Hi traders and welcome to my channel ... gbpcad still in a big range on my daily chart … I think the price going to touch the resistance : 1.76416 after rejection from daily support area to creates a head and shoulders pattern completely and then going drop to the level of 1.74833 and I expect more to next level of support at 1.7189 All info can be found in my...
Did some TA for ETH/USD, it seems like Ethereum might consolidate after finishing the Head and Shoulders Bear run as i predicted previously. I suppose it will be staying in the $1,000 region and above it soon. Fib retracement + Support Trend line shows that ETH might be heading up soon. Hopefully, we will see $1,100 by next week (:
Looking at the 4H and D charts we can see this pair is in a Bullish Trend. With this in mind, i'm looking for a potential entry to the upside. Here we have a prior consolidation zone acting as possible Support. We also have some Fib Confluence at this level with the .786 and .886 retracement. As well as the 1.272 and 1.414 extensions.
I would not trade this pair with my future mother in laws money right now, and that's saying something. The past week or so it has been consolidating between 1.25000 and 1.24000. I would look for a break above or below any of these points before you decide to trade it, since not much is happening with the pair otherwise. All the best!
The purple lines represent the actually trend channel. The turquoise line is the actually support level. As we can see we have a consolidation at the 78,60% Fibonacci-Retracement (6370 Yuan) which i would see as an important level. At the RSI we have a bearish divergence at the 1 hour chart. The channel range is between 6500 yuan and 6200 yuan. A break to the...