What can we expect for gold this week. After the break off ATH sitting around 2150. GOld kept growing and growing up to 2195. There were almost no proper pullback in support zones. Sellers got wiped out very fast because off this. GOld is moving in a bullish channel atm. A breakout below can trigger a bearish correction. But all depends on were the breakout...
EUR/USD currently following a bullish channel. ATM testing a key support zone and also support trend channal. Were we can expect a rejection back to the upside. Focus on going long with targets:1.0970, 1.0990 Resistance: 1.0965, 1.1000 Support: 1.0918, 1.0892
Mentionend in my previous analysis that ATH will get retested. Gold hit the target! from 2090 up tp 2150 gold didn't proper pullback into support/supply zones. So many zones are fresh an untested. We bought the gold market all the way up. Atm ATH resistance keeps respecting. We can expect a cooldown for gold. Priceaction can confirm this. Divergengy also shown....
Last week friday ended either in disaster or very profitable market for traders. After the break off the bearish channel and retest gold went up 400+ pips in a short time leaving multiple resistance levels in dust. Especially the 2060 level were most retail traders expected a downfall(including me) got wrecked. It was because off fundamentals, but in my opinion...
Last week we managed to win the gold market with my great analisys. Gold broke the 2030 zone and tested the upper resistance level 2040. Atm gold is respecting a bullish trendsupport. In my opinion gold is not done yet with the bullish momentum. I am expecting gold either to break 2040's direct or fall back to around 2030 or the trendsupport and search for higher...
eurusd has broke outside the bearish channel and the retest already happend. In my opinion we have 2 scenerio's. 1. Price stays above 1.07937 support zone and seeks higher levels. 1.0888 already tested so expecting it to break above toward 1.0930. 2. if price breaks below 1.0787 we can expect a downwards movement again. Resitance: 1.0833, 1.0860,...
EURUSD has been folowing a downwards channel for a while. Managed to breakout the channel. We also have strong support zone around 1.0786. This gives us indication a bullish move can be expected short to midterm. Resitance: 1.0826, 1.0860, 1.0890 Support: 1.0787, 1.0755,
Gold managed to break the bearish trendline resistance. I have adviced members to buy the market on retest confirmation. Bullish targets are 2024, 2030 and posible 2040(depends) In the long run waiting for proper confirmation for sells around 2030 or 2040. But only if priceaction confirms it. Then we can sell the market for targets: 2020, 2007, 2000 Resistance:...
Been i while since updated. Gold was in line with our previous analysis. Kept advicing to sell the gold market. Currently we need to focus on the daily closure. Because if if closes below 2003. More selling pressure will follow. 2005-2008 is daily/weekly resistance level. Focus on the support level 1977. Posible longterm buys at this level. Priceaction is...
Last week was very profitable for us. Adviced to short the market around 2060 and Gold fell over 370pips. This week there are 2 scenerio's. We have a daily support trend wich can push gold back up. But also 2030 is very strong resistance now. In my opinion we need to find good sell positions, but be aware off the red line support zone. Bearish target 2005 and...
After the breakout off the bearish channel in H4 i adviced to go long in the gold market. Wich was accurate and gold hit both targets!. (See last analysis) What now? Price action wise. The monthly candle closed with a bearish candle. Wich indicates there will be a bearish movement on the way. Also gold manage to hit the strong resistance/supply zone around...
Today seller lost the momentum. Gold broke out the channel and already retested around 2028-2030. Look like daily will stays above the retest zone. We should look for buys with posible target such as 2040-2052 Resistance: 2040, 2052, 2070 Support: 2030, 2025, 2012
Eur/usd has been folowing a bullish trend channel. Last week it managed to break the channel and retested the channel multiple times. Priceaction confirmes a bearish flag pattern. Wich gives us more reasson a posible fall will come. level 1.0828 is currently support for eur/usd. We can either see a direct fall from 1.0883 or a small bullish pullback to 1.09237...
Last week i adviced to keep shorting the market wich were profitable trades. 2012 formed a strong support level wich gold keeps respecting. The overal higher timeframe trend is bullish but were currently in a bearish channel. In the daily time frame the bullish channel broke and already retested. I am expecting gold to take orders around 2000-2005 again and in the...
Last week after a bearish movement gold rejected around psycological support level 2000, wich is also daily support level. GOld managed to move around 380pips without a proper rejections at certain resistance levels. Posible gold moved on fundamentals because off wars going on around the world. GOld remains a save asset. Technical in the bigger picture were still...
Currently BTC is still in a bearish movement. After tapping into supply and also fibo level 61.8 at around 48000 BTC dropped deep. In my opinion btc bearish move is not done yet. 40677 is the current strong support. If this level breaks we need to more sells, because btc will drop to around 38881 demand level. FOcus on the yellow resistance and support...
So were currently sitting at a important zone for gold. I adviced to go long in the buy zone 2020-2016. WE need to pay attention to the 2028-2030 zone, because if this zone confirms a rejection. Then it is mostlikely gold wil fall posible with target 2006. If 2030 get broken with confirmation gold will push bullish with targets as 2045 and 2055. Second important...
AFter the break off the bearish channel we now wait the retest and also supportzone 2030. Mid to longterm we will see a big bullrun back to 2070 and posbile above. FOcus on buying around 2032-2027. Resistance: 2040, 2050, 2060 Support: 2030, 2016, 2005