Xausd
GOLD IS READY FOR BREAKOUTGOLD price is receiving support and resistance here and each time respected the pattern, analysts looking for 2-3 more lows and highs and after that looking for breakout and targets that are mentioned on the chart.
1822-1840 next bullish targets .
On 4 hours chart XAUSD is on the way of 1818 resistance.
Daily chart showing that there is big Head and SHoulders pattern here and ready for breakout and drawing the right shoulder soon.
Price is near to support so we are looking for some local rise like the previous times too and the major position that we are looking for is after the breakout (short or long).
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GOLD weekly analysis 🦐GOLD on the weekly chart reached the weekly support over an important ascending trendline.
The price is testing the support and we can face some retracement.
According to Plancton's strategy if the price will break below we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
EURNZD - Another 400pips??Our last EURNZD analysis played out perfectly and we managed to bank over 400pips! We are now approaching another strong area where we can look for buys and look for another 400pips.
On the chart I have indicated the various impulse and corrections.
We appear to be in an ABC correction and we are approaching the major trendline and a previous structure where it would be perfect to buy. On lower timeframe we will be monitoring for buying pressure - and looking at the NZD index to see when it drops.
Goodluck and trade safe!
GOLD testing the resistance 🦐GOLD after the break of the ascending triangle has moved higher as expected.
the price created an impulse and retraced back at 0.382 Fibonacci level with a spike.
Currently, the market is testing the 1910 area and according to plancton's strategy if the price will break above we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
UPDATE! Gold on bull flag? 🦐After our previous ideas Gold moves in the expected direction.
The price broke the ascending triangle and create a new recent high.
If the price will provide us a retest of the support we can look for a nice long opporunity.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Market update
XAU/USD;TECHNICAL
FRECAST: UPDATE
A breakout in Gold is within striking distance of the 2021 high-week reversal-close at 1849 and we’re looking for a reaction / possible inflection up here. From a trading standpoint, a good zone to reduce long-exposure / raise protective stops – be on the lookout for downside exhaustion ahead of 1795 IF price is indeed heading higher on this stretch. Review my latest Gold Price Outlook for a closer look at the near-term XAU/USD technical trade levels.
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XAU ANALYSISwell well well... What do you know gold BROKE below 1772.5, RETESTED and then broke down. Beautiful, just beautiful. Whats next?
- If you took the sells from 1772.5 key level congrats, now we might see it test 1764, watch the reaction here as it may bounce back to 1772.5 and stay in a range
-If it breaks 1764 watch for 1759 key level
- safe trading