FeiKekings

FeiKekings

- Completed " 12345 " Impulsive Waves and " AB " Corrective Waves - Break of Structure - RSI - Divergence - Consolidation Phase - Bearish Channel as an corrective pattern in Short Time Frame

FeiKekings

Wave ABC which is currently in wave B in a corrective triangle of five waves abcde and could continue to fall for wave C to $3166 Main and important resistance 3360 Short resistance 3321

FeiKekings Updated 

- Bullish Channel as an corrective pattern in Short Time Frame - Break of Structure - RSI - Divergence - Change of Characteristics - Completed " 123 " Impulsive Waves

FeiKekings Updated 

Trading Setup: There is a Trading Signal to Sell in Gold XAUUSD (4h) Traders can open their Sell Trades NOW ⬇️Sell now or sell on 3364.0 ⭕️SL & BUY @ 3415.0 🔵TP1@ 3224.0 🔵TP2@ 3151.0 🔵TP3@ 3001.0

FeiKekings Updated 

- Symmetrical Triangle as an corrective pattern in Short Time Frame - Impulse correction - Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves - Break of Structure - Change of Characteristics

FeiKekings Updated 

At the short-term 4-hour level, the intraday rebound was under pressure from the middle track downward. At present, the K-line has returned to run below the moving average. The short-term trend is bearish. The market may further test the support near the lower track 3240. The short-term upper pressure focuses on the pressure near 3315, which is near the ma5 moving...

FeiKekings Updated 

From a technical perspective, gold, as an interest-free safe-haven asset, has performed strongly this year, with prices soaring by nearly $700 and repeatedly hitting record highs. However, the recent optimistic expectations of easing global economic and trade relations are gradually boosting market risk appetite, and the equity market is generally showing a...

FeiKekings Updated 

The gold market was volatile last week, with the sharp moves catching many traders off guard. After hitting an all-time high of 3,500, gold prices fell by more than 2,000 points in less than 24 hours! After the plunge, the market stabilized slightly and towards the end of the weekend, gold prices established strong support around 3,370 points - as we discussed in...

FeiKekings

Current trend: Uptrend inside a Symmetrical Triangle — a strong sell setup has formed. Entry level: 95,800 Technical Targets: 1st Target: #92,700 2nd Target: #91,700 3rd Target: #88,400 4th Target: #86,600 5th Target: #83,900 A breakdown below the triangle support could trigger a sharp sell-off.

FeiKekings

As for gold today, the early morning high and then fall trend shows fatigue. The trend line is broken and the bearish trend continues. The European session rebounds to 3336 and the support below is 3306. If there is no rebound but the low level is sideways and continues to go down, then the first touch of 3306 can be seen as a small rebound. If 3306 is broken, the...