im not going to do no technical analysis cause im not no "guru".. this is my views and ive been longing BTC since 30K
PRICES AT STRUCTURE LEVEL. ALL WE NEED IS A CANDLESTICK PATTERN THAT CONFIRMS THIS NEXT MOVE TO THE DOWNSIDE.
We are already seeing a bearish trend on gold. This one is pretty much self explanatory. trade with trend.
PRETTY MUCH SELF EXPLANATORY. GOLD STILL HAS NOT HIT BOTTOM.
We are looking at a clean set up on XAUUSD. Price Action: Bearish engulfing indicating sellers are jumping into the market. Key Area: Prices at 61.8 % fibonacci retracement. Looking at the break to the downside of an ascending flag. Entry price: looking at the retest of quarter point 1572.50. Pending orders work best.
ANALYSIS: 4 HOUR TIME FRAME LONG CHART PATTERNS: WE ARE SEEING A SERIES OF HIGHER HIGHS AND HIGHER LOWS FORMING WHAT SEEM TO BE A ASCENDING CHANNEL/FLAG. PRICES CURRENTLY TESTING THE BOTTOM OF THE CHANNEL. CANDLESTICK PATTERNS: WE ARE ALSO SEEING NUMEROUS PIN BARS (HAMMERS) WITH LONG WICKS RETESTING THE LOWS. TREND DIRECTION: CURRENTLY ON THIS TIME FRAME WE CAN...
ANALYSIS: 4 HOUR TIME FRAME LONG CHART PATTERNS: WE ARE SEEING A SERIES OF HIGHER HIGHS AND HIGHER LOWS FORMING WHAT SEEM TO BE A ASCENDING CHANNEL/FLAG. PRICES CURRENTLY TESTING THE BOTTOM OF THE CHANNEL. CANDLESTICK PATTERNS: WE ARE ALSO SEEING NUMEROUS PIN BARS (HAMMERS) WITH LONG WICKS RETESTING THE LOWS. TREND DIRECTION: CURRENTLY ON THIS TIME FRAME WE...
TECHNICAL ANALYSIS: GOLD - DAILY 1.- MARKET DIRECTION: WE HAVE SEEN A DOWNTREND FOR THE PAST YEARLY QUARTER. TREND-LINE WAS TESTED TWICE WAITING ON THE 3RD RETEST. 2.- CHART PATTERNS: PRICES HAVE FORMED WHAT SEEMS TO BE A DESCENDING CHANNEL/ SYMMETRICAL TRIANGLE. ALSO, MOST RECENT DATA IS FORMING A FLAG PATTERN WHERE PRICES ARE SITTING AT THE BOTTOM OF IT...