On daily chart - Falling Window with high Volume. RSI confirms Momentum.
OANDA:XAUUSD 24.04.2021 Monthly TF downtrend, see MACD Stoch. declines and approaches oversold Weekly TF last week doji --> market is undetermined price is in the value zone close to EMA 20 Weekly MACD shows uptrend --> long trades preferred Stoch. approaching rises and approaches overbought Daily TF uptrend broken, last two days...
Price reaches top Bollinger Band. Intraday Intensity Index is red negative. Signal for short with exit on the lower band.
We have a very beautifully market constellation. The price reached the 1,618 extension of the privious bearish leg. The 0,382 retracement of the current bullish leg is exactly the previous leg. Thus, I look for a confirmation of a upcoming correction to go short. Taking RSI into consideration, it shows divergence already. What do you think? Your Likes much...
I wait the price to fall down to 51,75 respectively even to 51,20. I assume gap close and testing of previous levels marked green. Buy at these levels with tight SL. Take profit next week at 56,90.
The trend progressed already far enough and it shows already first signs of weakness. However, those are not very clear, no promising confirmation. Nevertheless, start to prepare for short. Trade idea and SL, TP just conceptual.
Price approaches 200 MA. It looks like bears will decrease the price to 0,80670. However, this prospect is not shiny.
It looks like the market is at the top of the right shoulder with potential for trend reversal. In August and recently in September the market tested the resistance line from year 2013. The actual trend is already old and we have not seen any big retracement yet. Furthermore, BB% indicates a divergence on 20 and 50 timeframe. The BB are squeezed and big...
My analysis from last week was correct. We had a smooth downtrend, which was confirmed by the BB%. The market broke the trend channel on friday. For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121. Indicator BB% shows me that on the 4H timeframe the market is...
The price reached the 50MA-Bollinger band. The volatility in this market decrease every week. Thus, I see falling price to 1.12105 for the next week.
EURGBP reached a resistance line from 2013. This week the resistance holds. I expect a correction towards 0,83000 (0,382 Fibo of the last leg). This could form a NSN-Formation with further movement towards 0,80300
The second wave should end soon. In 1h frage already possible consilidation ahead.