IF silver could possibly close above 23.59 on H4, it would have established a higher-high and higher low and potentially break the downtrend structure on H4. However, failure to close above 23.59 level may cause the metal to fall into further consolidation before another downtrend move... N.B! - XAGUSD price might not follow drawn lines . Actual price movement...
After a subtle close beneath the 1894 mark in mid-August, gold embarked on a two-week bullish run towards the declining trendline. We saw last week candle forming an inside bar juxtaposed with the upper week—hinting at a potential reversal. Should the upcoming trading week culminate in a strong bearish bar, gold might re-test the next support level beneath 1846....
After breaching its prior support around 14,855, the NASDAQ E-mini futures' bullish momentum is under threat. Price might revisit the 14,855 support level. A subsequent new low could precipitate a bearish trend for the E-mini. Conversely, a close above 15,913 would indicate the NASDAQ futures' intent to sustain its bullish rally. N.B! - S&P500 price might not...
The bullish momentum of crude oil price appears slowing down around sellers' level, should the price break below $86.12, there's a heightened probability of oil reverting to test the prior support level situated below $84. N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments...
In technical analysis, support levels play a pivotal role in determining potential price movements. Recently, GBPUSD demonstrated a noteworthy bounce at the 1.26500 support level. Such a rebound, often suggests the potential for further upward momentum. Given this context, it's plausible to consider the possibility of GBPUSD aiming to retest the 1.2900 mark in...
XAUUSD recently peaked at 1987.53 before seeing a decline. However, the last week's Thursday/Friday's price rejection at a crucial support level often hint at potential price to re-test the recent high. Given this rejection at the support level, the pertinent question is, will gold gearing up to retest its recent high at 1987.53? N.B! - XAUUSD price might not...
The GBPUSD pair has recently experienced a setback as it reached the 70.7% Fibonacci level, in the coming months, it is anticipated that the pair will make another attempt to rally to the 78.6% Fibonacci level. However, should the pair face rejection at this level, it could trigger a downward trajectory, compelling the price to test previously established support...
gold N.B! - XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
With crude oil price struggling to dip below 64 level, suggesting that this level may well be acting as a short-term support. Price appears to be gathering strength for a potential upward swing. Looking ahead, we might anticipate a rally propelling the price beyond the 80 level in the forthcoming weeks. N.B! - USOIL price might not follow drawn lines . Actual...
June's Bitcoin performance effectively countered May's bearish trend, forming a bullish engulfing pattern. This indicates that BTCUSD is well-positioned to continue its positive momentum, potentially reaching the 40k level. N.B! - BTCUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments...
With the formation of "a-b-c" correction pattern and rejections at the support level, XAUUSD may likely be ready for a short term bullish rally to 2000. N.B! - XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
Bitcoin briefly touched 25300 support level yesterday, and price was immediately rejected sending price high to create a bullish engulfing candle. This confirmed the presence of buyers below 26,800. A dip below this level is likely to be a buy. N.B! - BTCUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let...
GBPUSD last week closed positive, however, the bearish undertone observed on the final trading day. This occurrence heightens the probability of the forthcoming trading week commencing on a downward trend. If the pair is rejected below 1.23948, the likelihood of a retest of the recently established high at 1.23948 increases. In the event that the GBPUSD pair is...
Bitcoin concluded yesterday's trading session breaking the swing highs created on May 15 and 23. This marks the first instance of BTC exceeding these swing high levels in a span of seven weeks. A substantial support level is discernible below the 25,500 level. However, considering the formation of a double bottom pattern on the daily chart, coupled with the...
A bullish close after today's trading will provide more confirmation. however, price has tested the support level at 77 for the past 4 days and bulls keep sending price high every time bears brought the price low... N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for...
Bitcoin has been experiencing a bullish trend over the past few weeks. This week, more accumulation is expected at target levels 1 and 2 acting as potential resistance points. At these 2 levels, prices are expected to face rejection upon reaching them. This consolidation phase could pave the way for future growth in the cryptocurrency. Market conditions can be...
After experiencing a price rejection at the 2.054 level and a double bottom formation, the natural gas market appears to be bottoming out, signalling an end to its 2-year low. The bullish sentiment of natural gas is expected to gain momentum in coming weeks! #NaturalGas #NGAS N.B! - XAUUSD price might not follow drawn lines . Actual price movement may likely...
Gold is slowing down at resistance level after rising to 2048. Potentially, price can pullback to 1960 or lower within low value area of the volume profile... N.B! - XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your...