Multi time frame (1hr/4hr) a double top showing rejection to the up side and also price as break and close below the trend This coming week I think gold is go to rally back to the low 1600 bar.
After this week's bearish rally of EU the prices seem to stop to build a pre-continuation accumulation structure. Mr. Wyckoff comes into play with a clear PS (preliminary support). Glad to see it around this area, as we're clearly 'touching' a lower channel line (1H structure). What can we expect? As usual some fakey fakey(!) should come into play, not only...
As you can see, BNBUSDT is in a major range trend. Uptrends inside the range are losing momentum and their angles getting lower every time. But downtrends getting stronger and their angles getting higher each time. Beside, RSI shows hidden divergence on the uptrend and volume rises near resistance shows selling pressure. This is the BNB situation. If the blue line...
I wouldn't be surprised if the prediction came out to be true. breaking of this, what could be classified as major support, to then turning into that major resistance. With a retest, I am positively going on this roller coaster ride to the trenches with UJ. With the US dollar under pressure at the moment, it could more likely happen but who knows...its just my...
xauusd shorts coming from a major quarter point!