Forex-gold
Weekly Momentum On Major Pairs (Week 43/2022)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bullish
Gold & Silver: Very Bullish
XXX/JPY: Very Bullish
Stock Indexes: Mixed
BitCoin: Neutral
GOLDGold, the long-term trend is in a downtrend.
The price is currently in the support zone 1642-1636, there may be a chance of a short-term rebound.
Then consider selling below the 1669 level with targets 1626 and 1615. >>
GooD Luck 😊
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GOLDGold is on the sideway, expecting a short-term rebound. Waiting to buy the red zone, target 1678
simple analysisHello trader,
_ as you can see that the analysis is simple, but it contains the most important things, which are support and resistance, and here you will see the most important thing, which is the fracture towards the bottom, and we have the percentage of selling 70%
_ In the end, this analysis is a simple part of my strategy. Any question, welcome, and do not skimp on me with your support
Weekly Momentum On Major Pairs (Week 36/2022)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bearish
Gold & Silver: Very Bearish
XXX/JPY: Neutral
Stock Indexes: Very Bearish
BitCoin: Neutral
GOLD UPDATEGOLD is looking nice here for a potential intraday long - if you first look on the right at the LTF we can identify how price on the London open took out the floor taking out buyers stops and inducing sells into the market, however price has bounced firmly off the next 4H support zone i believe this move lower today was a trap to engineer liquidity above so the market can make a relief correction. We can also identify the descending trendline on the LTF in which there will be a huge amount of sellers Stops above. Monitoring the LTF for potential entry confirmations AFTER the 4H close.
XAUUSD 30M, Bullish Divergence To 1786XAUUSD 30 Minutes Chart formed Bullish Divergence pattern.
If Bullish Divergence is confirmed then Potential Rebound Retest 1786.
Break Above 1786 then Open The Way To Retest 1807.81.
Break Above 1807.81 then Open The Way To 1828.41.
But
Break Below 1752, Would Cancel Bullish Divergence and Open The Way To Retest 1736.
Break Below 1736 then Open The Way To 1721.70.
GOLD UPDATE GOLD has recently rejected the psychological weekly supply 1800 and made a bearish impulse which broke multiple levels of structure, after an impulse we expect the market to make a retracement and potentially form a new LH formation, we will be monitoring PA on the LTF for long entries from our zone of confluence to capitalise on the retracement move.