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Gold Price Action Analysis 01/02/2021we can see an ascending channel and supply and demand zones i am mostly bearish on gold to 1750 or even 1550 but as we can see the price is trying to break trough the lower bound of the ascending channel and if broken there exist a support line at 1794 which can be a range zone the other scenario is having a bullish view and we have the rejection and bounce from the same area as it is currently and directs to specified zone by the red line which is Fibonacci projection of 1 please comment your view
OANDA:XAUUSD
by BitonGroup
13
USDCAD Critical Pointin this instrument we are having 2 scenarios 1. Long which we can target our bearish's wave Fibonacci retracement levels as we can see there exist a bullish divergence between price and MACD (Green), we have a resistance zone too, which we can have some consolidation or a sharp break trough... 2. Short scenario is also very much possible as we are in a bearish channel so we can have the same trend continued up to our previous support levels or we can have both first short to the support and then long up to the Ultimate long TP please let us know how do you think it may happen???
by BitonGroup
EURUSD Wave B lower towards 1.1500 The EURUSD failed to push above 1.1815/20 levels yesterday and is now looking to print lower lows towards potential support at 1.1500 levels, short term. Please note that we had changed our stand from bullish to neutral last week, in anticipation of a sharp bearish short term reversal. The move might be materializing now and a 5 waves drop could be expected lower. Looking into the wave counts again, please note that the medium term structure remains bullish , but maybe after this leg is over. The wave counts are suggesting that EURUSD -0.30% could find potential support towards 1.1500/25 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
by FXTM
1