If the market breaks the B level resistance, there is a high probability in these coming days that the market will hit the 1790 area level.
Pattern: Ascending Triangle. Signal: Bearish as we are approaching the Higher High Sell Zone. Target: short-term = 1750 (the Higher Low of the 4H Channel Down), long-term = 1715 (that is if 1740 breaks). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Hello traders, After having an increasing trend, GC seems entering in a new trading range. If the GC could break the trading range above it, in other terms, if it could break the level of maximum of 18/05/2020, we will have a new increasing trend that aims to reach the level price of 14/04/2020. Otherwise, GC will continue evolving in that zone or even go down.
Here w are again with this strong engulfing candle
SO NEVER TRADE AGAINST MAN,BIG TREND
Yo Folks! GBPCHF LONG IDEA -IMPORTANT- We Trade with the MAJOR BULLISH TREND . And Monthly Zone represent a PLACE OF LIMIT ORDERS! 1- Next Weekly Zone will be near Monthly Zone 2- Price Comming to Monthly Zone 3- We have Strong Demand Level Since Monthly Zones are very strong our main idea of going LOND based on it. Also next Weekly Zone Will be at the...
Main items we can see on the chart: a) The price is above a well-tested Support Resistance zone b) It has been there for 70 days almost c) We expect that the direction of the breakout of the range would be bullish based on the technical structures of the current situation d) Our Target for the Breakout is going to be 1900
Hello community; Here are my expectations for next week: 1. A pullback on the resistance to retest the Fib Lvl.1 support (1679.6 price) 2. In case we have a bigger GREEN volume than all the past ones, the market will break the resistance. The market will most likely retest the support, so I'm expecting a BEARISH WEEK. GOOD LUCK !
Why the Bearish on Gold miner? Africa is shut Down for 14 days!, all mining activity shutdown! Most Africa based miners are DOWN!! Pending follow up with more EURO shutdowns. sooo? SOOOOO, This company is up because Gold is UP, Please buy it because they think it's GOLD! EVEN So, people only buy gold due to fear of recession bets and fear of the weak dollar. But...
With this trading range ,probaly GC will go up to the resistance !
i recomand to wait until gold break the resistence then buy gold cause it will go up with force to touch the second resistance
This is a simple macro projection using the LMACD on the 1M chart and the MA20 and MA50. It appears that Gold is reproducing the early 2000s bullish run that led to its All Time Highs of 1900 is 2011. The MA20/MA50 Golden Cross has taken place and those MA periods have never crossed paths again, giving way to a strong 2019/2020 rise. The LMACD is on the...
Main items we can see on the 4HS Chart: a) The price is above a significant Support/Resistance zone b) There we saw the formation of a Triangle Pattern (ABCDE Completed) c) From a Technical Perspective, once we have a breakout of a structure like this, we should expect a new bullish movement d) Our Bullish Target is a Weekly Resistance Zone at 1900 e)...