GBPSGD.... Short... This has retested and breaking down at the neck right now! 4HR
Hello traders, I wrote an article at the weekend where I said that a test and break of 2482 could send price way down to 2434. Please read the article here.
This could be the start of another leg down guys! 2482 is that level where I see real weakness in the Gold-price.
Mainly on the 4HR chart
I saw this triangle develop of the 30m chart for Silver. Price appears to be breaking down from Triangle.
This is the 4hour chart for Gold. Notice the current candle how bearish it is.....bears-pinbar!. See my yellow 9ema is crossing down on the dark blue 50ema. That is also a very bearish occurrence. Now 2482 is the neckline of an M_top system on the 4HR. Please read this article that I wrote at the weekend. I said that a breach of 2482 and the Gold price could...
From what I can glean, the damage on Friday's Short came from an M_Top pattern on the Hourly-Chart. These breaches at the neckline are notorious for huge sell-offs. One thing I am being mindful of is a more extensive M_Top pattern on the 4HR chart. But the scary thing is that the neckline is only 0.69% down the Gold-price corridor. Scary stuff hey! But wait,...
The Silver-price I noticed was holding up strong during this week because it's Chart until yesterday (Friday) was much stronger than Gold's chart. But as Gold sold-off on strength of the USDX rebounding to 101.50, as I'd been saying was about to occur, the Silver-price sold off savagely. This is the hourly chart for Silver. This is a 5 minute chart of where...
Heads 'N' Shoulders' Patterns can be very lucrative and a pattern to keep in mind every trading day. They work on all time-frames. Often I see market structure price reversals on the 1 minute timeframe all the way down to 10 seconds. They will be easier to trade on the higher time frames as their price-action can be super-fast on these very low timeframes....
Hello, I was saying all week that the USDX was going to be strong in it's recovery from selling off the past few weeks. I didn't think the economic data was all that bad during Friday, I think the damage set-in once the USDX started to rally on the retest and close above 101.50. As the NY session opened on Friday I saw a lot selling of the Gold-price as the...
I would not necessarily listen to certain You-Tubers who write-off important momentum indicators like Stochastics & RSI. My observations of both is that they are wonderful at telling me what is overbought & oversold. When a commodity, currency or stock is in either of these phases, massive & fast swings in price can occur as price comes out of the overbought...
This is the 4HR chart for XAGUSD. I can see that price sold off on these 4HR candles and price has tried to retrace a series of times. But I see that price kept making a lower-high with each successive candles. I did have a Short in Gold but not long ago I booked a profit. It is quite possible that Gold has further to fall especially if the USDX breaks above...
During the Thursday 29 August 2024, NY session of Gold & Precious metals trading, I noticed some good momentum in Long-positions, so priced looked to be headed up to test 2531.65 which is firm resistance (and below from 2528.50 & even beneath there), where on Wednesday during the Asian session a lacklustre performance in price-momentum of Gold relative to...
I have an alert set on the USDX to monitor its breaking of the 101.50 area. A few moments ago it nudged 101.30 and I see on this 15M there is a triangle that could give it some momentum on a jump.
Fib retracement of bullish candle 1HR timeframe XAUUSD
Please see the zone here where Gold is trying to push through...
This is why we are goiing down as a part of this MTOP breach...Gold is still overbought on the high timeframes. on right chart is a bearish MACD crossover.
trading view treat you like a spammer for helping people lol we are about to take profits. i cant guide you through im sorry only on this new thread