Neutral
XAU/USD BREAK BELOW STRUCTURE AND RETESTWe are currently seeing XAU/USD break and retest a major support level on the weekly. If we see a break back above support we are most likely to see a bullish market till 1900.00 at least. A break below 1600.00 may result in a downward continuation till 1450.77.
STAY PATIENT, since we are in a downtrend you need STRONG REASON TO BUY, MORE CONFLUENCE, MORE CONFIDENCE.
$PEAK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PEAK after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
BTCUSD Weekly Forecast Analysis 3-7 Oct 2022 BTCUSD Weekly Forecast Analysis 3-7 Oct 2022
We can see that currently the volatility is around 10.02% for this week, rising from the 9.61% from the last week.
Currently there is around 31.7% that the asset is going to close either above or below the channel:
TOP 20900
BOT 17230
The current volatility percentile is around 70th, and in this situations in general the
AVG weekly bull candle = 5.4%
AVG weekly bear candle = 7.67%
With this mind, from the opening price it would situate us around
TOP 20000
BOT 17500
At the same time, due to the nature of the opening price, making this weekly candle a bullish candle, there is currently a
64% that we will break the ath of previous weekly candle of 20380, and there is a 25% that we will touch 18500.
However if the current price is going to go below the opening of 19060, the ratios are going to be reversed, the 18500 will become 65%
and the 20500 will become 25-30%.
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a short trend ( the current price is below those moving averages)
At the same time if we are looking at the candle type since the beginning of the year, we can see that 62% of them were bearish, solidificating the bearish trend.
News that can affect the price of this asset this week:
- Thursday 6 October : Initial Jobless Claims and ECB Report
- Friday 7 October: Nonfarm Payrolls
Reef - at the brink of a directional changeReef has been following un upward trend in the last couple of days and it is currently on the brink of a directional change, in case it breaks the uptrend support.
If history repeats itself , we might see a bounce in the next hours.
Stay cautious and use tight stop loss