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Technicals: D1 uptrend H4 wedge, price approaching support
Fundamentals: Mixed Technicals: D1 bullish gartley, price reaching W1 (weekly time frame) support
Technicals: D1 downtrend H4 gartley, downside breakout of uptrend
My third attempt to buy XTIUSD after 2 previous stop outs. Price is in an uptrend, approaching support. TPs based on fibonacci levels. An economic recovery may boost oil prices to 47.5 or 50.0 levels. Conversely, a worsening epidemic and oil supply increases may cause oil price to drop. Nothing is certain, but I personally think it is worth the risk in view of...
H4 uptrend, ascending wedge pattern Price at diagonal support
Fundamentals: Potential economic recovery following a potentially successful vaccine will boost demand for crude oil as industrial production ramps up Technicals: Breakout of D1 ascending triangle with retracement TP based on Fibonacci levels
Technicals: D1 uptrend H4 wedge Price approaching diagonal support
Technicals: D1 downtrend H4 bearish gartley, price at resistance I see room for further GBPAUD downside
Technicals: D1 uptrend H4 bullish gartley, possible new uptrend formation with impulsive wave and pullback to fibonacci levels
Technicals: H4 bearish gartley H4 head and shoulders pattern Possible downside breakout to uptrend This trade offers a decent 1:6 RR Pointers against this trade - XAUEUR is on a D1 uptrend, bulls may push prices higher - A global risk off may lead to buying of gold which may drive XAUEUR prices up - With these 2 factors in mind, this is not the most perfect...
Technicals: H4 gartley, downside breakout to uptrend Price at resistance Inverted head and shoulders pattern
Technicals: H4 gartley, wedge, possible early downtrend formation
Technicals: D1 downside breakout of sideways movement and retracement H4 bearish gartley, downside breakout of uptrend and retracement Price at resistance level Not a fundamentally backed trade as XAU may be bullish due to market uncertainty. Nonetheless, an interesting technical analysis which we can watch to see if it plays out. I will be staying out of this trade.
Technicals: Many patterns seen, I avoided chart drawings to keep the chart clean H4 bearish gartley Inverted head and shoulders (left shoulder 27 May 2020) Head and shoulders pattern (left shoulder 8 July 2020) Downside breakout to uptrend Support and resistance levels drawn Price approaching resistance I see similar bearish patterns across most GBP pairs which...
Technicals: D1 uptrend H4 bullish gartley, wedge pattern Looking for an upside breakout of the wedge
Technicals: D1 downtrend H4 uptrend breakout-retracement, price reaching resistance
Technicals: D1 downtrend H4 head and shoulders Price reaching resistance
Fundamentals: Loss of confidence in many large currencies may allow for the gold safe haven to have room for another bullish movement. Technicals: D1 uptrend, approaching support, pinbar H4 with a bullish gartley