XAUUSD|Daily analysis and important areasHello friends, I hope you are doing well
You can see the gold chart in the 1-hour time frame.
In the analysis on Friday, it did not go according to my opinion and the related news caused fluctuations in gold, and as a result, selling pressure on gold increased.
The drawn resistance level prevented the price from moving upwards and from this level we saw the gold price fall.
Currently, it is in the demand area, but there are no signs of entering buying positions, and there is still more selling pressure.
The supply areas drawn on the chart, the 15-minute and 1-hour supply areas are good areas to enter sell positions.
With the failure of this demand area, which is currently facing the price, we can test selling positions by returning to this area.
Dailysignal
dodox long hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Selling EURJPY at swing highs.EURJPY - Intraday - We look to Sell at 145.35 (stop at 145.70)
There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 145.57.
A Doji style candle has been posted from the high.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 144.30 and 143.00
Resistance: 146.05 / 148.40 / 151.40
Support: 144.20 / 142.80 / 141.60
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EURGBP Probability short for 0.831014th & 15th June daily bar formed two bar reversal indication for weakness ahead. 21st July formed key reversal bar made a new high closed towards the low. 16th July down bar like a coiled bar added clue for short. may sell it cmp 0.8412 with stop loss 0.8430 just risk of 18 pips. if stop loss hit then put sell limit as 0.8480 that is supply area with stop loss of 0.8505 for target 0.8310.
GBPAUD Two bar reversal dictation weakness for 1.7340#gbpaud, 24th June daily bar key reversal bar. 1st & 4th July formed two bar reversal on daily time frame. 5th July made an insurance bar confirmed weakness ahead. short gbpaud for target 1.7340. split your risk for two or three trades. if price retrace upside i.e 1.7670 and 1.7740 may add more short. stop loss 1.7830.
EURCHF key reversal bar probability accumulating for rising#euchchf, 30th June daily bar is key reversal bar, price need to hold 0.9950-30 support area for bullishness. initial resistance/target 1.0060 then 1.0110. Need patience for this trade, after key reversal price will take time to build energy for rising prices.
USDJPY Evening star pattern probability short for 133.00#usdjpy, Bar "A", "B", and "C" formed evening star pattern for short. 21st June bar "A" broke resistance to catch stop losses. Bar "B" inside bar confined within the range of the last bar. Bar "C" broke inside bar low confirmed weakness ahead. 133.00 first hurdle as a support if breach then next 132.30.
XAUUSD Butterfly Harmonic patternThe price will grow towards the target above
Also you see here is a almost perfectly formed butterfly harmonic in play.
this week looks more promising with expectation of a further bullish rally to 1960 area.
key point: with this breakout new structural movement is expected with both small bull and bear rallies accompanied by a massive potential pullback back to the 1940s marked with the vertical blue lines at the symmetrical triangle formation.