BELLATRIXFX

BELLATRIXFX Aug 27, 2024

- The current gold price is around 2535 (likely referring to the USD per ounce price). - If the price breaks above 2535, it's a buy signal, with a target price of 2550. - If the price breaks below the support area of 2403-2402, it's a sell signal, and you'll take a short position (betting on price decrease). Please note that this is a very short-term trading...

BELLATRIXFX Aug 26, 2024

You are trading gold in a market where the overall trend is bullish, indicating upward momentum. Recently, you executed a sell trade during a retracement, taking advantage of a temporary price decline against the prevailing uptrend. You have set a specific buying level at 2494, which is a support level where you anticipate the price may reverse back upwards. The...

BELLATRIXFX Aug 26, 2024

1-hour chart, I've identified a bullish trend emerging in the gold market with a potential breakout target of ($2,550).Tomorrow is strong upward momentum as the price is expected to breach the current resistance levels, indicating a promising opportunity for buyers. With key support at ($2,496), the risk-reward ratio looks favorable for those looking to...

BELLATRIXFX Aug 23, 2024

The USD/CAD currency pair is a key indicator of economic health between the United States and Canada, reflecting the relationship between the U.S. dollar and the Canadian dollar. Over the past few months, the USD/CAD exchange rate has shown notable volatility influenced by several factors, including divergent monetary policies, economic data releases, and...

BELLATRIXFX Aug 23, 2024

The XAU/USD pair is encountering substantial resistance near the $2,500 mark, with recent trading behavior hinting at a possible reversal. Several factors are contributing to this outlook: Technical Indicators: The Relative Strength Index (RSI) is currently indicating overbought conditions, suggesting that the gold market may be due for a correction. Momentum...

BELLATRIXFX Aug 21, 2024

Gold intraday analysis involves examining the price movements of gold within a single trading day to identify potential trading opportunities. Traders and analysts use various technical tools and indicators such as moving averages, Bollinger Bands, Relative Strength Index (RSI), and candlestick patterns to gauge the market sentiment, momentum, and potential price...

BELLATRIXFX Aug 21, 2024

"I am currently executing a live trade on TradingView, leveraging real-time market data, technical analysis tools, and charting features to identify and act on trading opportunities. This involves analyzing price movements, indicators, and patterns to make informed decisions in a fast-paced trading environment. My strategy may include setting entry and exit...

BELLATRIXFX Aug 20, 2024

"I am currently executing a live trade on TradingView, leveraging real-time market data, technical analysis tools, and charting features to identify and act on trading opportunities. This involves analyzing price movements, indicators, and patterns to make informed decisions in a fast-paced trading environment. My strategy may include setting entry and exit...

BELLATRIXFX Aug 20, 2024

In this analysis, we dive into the recent price action of gold, identifying critical support and resistance levels that could dictate future movements. We'll explore the influence of global economic factors, including inflation trends, central bank policies, and geopolitical tensions, which are shaping market sentiment. This idea highlights potential trade setups,...