DENCHMON

DENCHMON Updated 

Our support trend line shows where we would expect gold to come to if it was to be bearish. Our resistance trendline shows where gold should break if we want to continue moving bullish, last week gold tested 1827 support twice before strongly exiting our bearish rectangle and created support upon the resistance trendline prompting that gold may be looking to go...

DENCHMON

Overall GBPJPY is a bearish pair(look at the higher time frames). Many are anticipating another big fall for the pair and its definitely possible, currently siting at 70% fib retrace and a slow painful grind upwards. Our golden rectangle is where things matter. A rejection or failure to hold above could be the stone in water show.

DENCHMON

As we failed to make any new highs after forming the head and shoulder... bias remains bearish but we also failed to break 54.50 and in our last move upwards found resistance at 55.50 which had been previous support.

DENCHMON

Been holding this short trade since last week Monday and it seems to still be very valid. 6600-6400 seems to be a an area that price is going to find support and once it is found, a massive drive upside could be possible with new ATH for the FTSE.

DENCHMON

30-28k is my expected support zone, if price breaks and remains below there then my bias is bearish but as for now we could be consolidating for a week or so. As for now we stay bullish buying in at support and waiting patiently for the break to the upside.

DENCHMON Updated 

The charts quiet self explanatory. My Bias as of now is bullish. i thought we would see another chance at 30-28k but price has continued its climb.

DENCHMON Updated 

obvious head and shoulders formed looking for test of 55 before the rest of the bearish movement is executed. Following this Price will start looking for its next support, which could be 52.30 - 50.80. If strong enough support is found we could return back up to make new highs. If not we have a trip all the way down to 44... possibly. Not Financial Advice.

DENCHMON

Had to break even on my last gold idea but we had an idea that gold may find resistance at the 1960 resistance. Now we're sitting deep within a downtrend and a break of 1830 could mean gold forms a double bottom at 1770 and gets primed for a move up. 1720 is the last support and if that's broken then 1580 doesn't seem that unlikely.

DENCHMON Updated 

The resistance at 6800 is to be tested, will it break? We Shall See.

DENCHMON

Golds started of the year with some pepp in its step. resistance at 1960. Will It break?

DENCHMON

Silver is cheap as chips and so far market has chosen to bump up the price. Gold is still in my bearish zone but since precious metals have had a bullish week I'm going to remain bearish until I see a break of 22 on Silver or 1900 on Gold.

DENCHMON

Depending on close of daily candle we could see gold turn south. We are currently at my resistance zone, if gold breaks out then my bias is bullish, where as if we close here I’m staying bearish and looking for gold to drop.

DENCHMON

If silver can stay above this purple zone and retest then further bull. If silver falls below this zone and retest then trend has turned bearish. Gold will move first and silver shall follow.

DENCHMON

We hit 20,000 and then just blast past the moon to Mars. 🚀

DENCHMON

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DENCHMON

We wait.

DENCHMON

Bearish.

DENCHMON

A close in purple no trade zone could mean bearish silver still. But a close above could mean further bullish 🤔.