GBPAUD played out perfectly. Whats next...? We could see more push down as monthly and daily indicates. More in depth analysis coming soon
Trend Analysis: We're observing a bearish momentum with a pattern of Lower Highs (LH) and Lower Lows (LL). Traders might consider following the trend by selling on LH formations and looking for buy opportunities at potential Higher Low (HL) setups for counter-trend strategies. Key Zones: Resistance Zone: The pink area has consistently pushed prices...
In this comprehensive analysis of the Gold (XAUUSD) market, we're identifying potential buy zones and market movements based on recent price actions and support-resistance levels. The chart indicates a significant fluctuation between the highlighted support and resistance zones, crucial for understanding current market dynamics. We observe a strong support level...
The Gold Spot vs. U.S. Dollar (XAU/USD) 1-hour chart displays a clear market structure with defined support and resistance levels. We observe the formation of a trading range, where the market has established boundaries that traders might use to gauge their entry and exit points. The market has recently entered a crucial support area, illustrated by the pink...
Current Price: Key Observations: Uptrend Continuation: BTC has shown a significant bullish trend, breaking past the key resistance level at $70,359, suggesting strong upward momentum. Breakout Point as Immediate Support: The $70,359 level, previously acting as resistance, is now our immediate support, per role reversal principles. Primary Support...