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GOLD: Exhausted Market and Bearish Continuation On a daily timeframe, we see a very strong rejection of 1440 level. after two attempts to break and close above this level, we see a formation of a double top pattern in conjunction with RSI Overbought + Divergence and dodji + rejection bars. the last resort for bulls is 1380 support, if bears break and close below this level, most likely gold will start deeper correction and we will see bearish continuation to lower support levels. Key support levels on focus: 1360 1340
FX:XAUUSDShort
by VasilyTrader
8
Overall view of NAS100 and US markets - Update of July 1stPrices were subjected to a bear pressure after settling on the all-time high resistance zone . Without any follow-through, the US markets quietly recovered and reached the @7800.00 target for the second time. In fact, after the G20 meeting this weekend and the set of agreement resulting from it, the odds that NAS100 keeps a bullish momentum are high. Possible targets: @7900.00 (+1300pips or 130points which is around the all-time high) and @8000.00 (+2400pips or 240points). Advice: Stay bullish and buy at any low point while we don't break the 7600.00 bottom level.
OANDA:NAS100USDLong
by Theperfectionist
2
Overall view of NAS100 or US markets - Update of June 24thAfter a retest of the resistance zone that carries the high of the year and the all-times high as well, US markets are subjected to selling pressure. Volatility is to be expected at the end of the week with US major news like the initial jobless claim, the GDP annualized or the G20 meeting. NAS100 and its correlated pairs are likely to move to the support zone unless they are brought to @7720.0. Possible targets: @7500.0 (+1200pips or 120.0 per unit) Advice: Stay bearish and sell at any high points while we don't break up the @7720.0 level.
OANDA:NAS100USDShort
by Theperfectionist
Current scenario on ES-MINI S&P 500 by ThinkingAntsOkMain Items we can see on the 4HS chart: a)Using Elliott Wave Theory we can conclude that if we had ABC ( Bearish Movement) / ABC (Current Bullish Movement). Now we can expect a 12345 bearish movement following the idea of a Flat Correction b)On every timeframe starting on the Weekly Chart we can see Divergences on MACD, (this kind of Signal is possibly showing the weakness of the bullish movement) c)We have a Triple Top pattern, which is a major reversal zone that was tested on 2 Historical Maximums, and in this last bullish movement, the price was also rejected from there. d)Currently, we have a Corrective Structure in which the breakout will give us valuable information about the direction the price may take MULTI TIMEFRAME VISION: -Weekly: -Daily:
CME_MINI:ES1!Short
by ThinkingAntsOk