WTI having a strong support at the range of $65-$75, current chart is moving in a range pattern, with potential price towards $96 and further $107. However, if price break below $75 might signal to $65-$72 target.
With H4 and D1 in confluence for a stronger downtrend. Prices likely to go to 2,291 and break further to the next target of 2,183. However, any tight body candle on H4 near 2,291 area would signify a reversal back to 2,333 level due to the current structure is within a triangle pattern.
Gold signaling reversal from the recent extended buy on higher timeframe with both weekly and daily chart are showing selling pressure. On Friday, we have seen H4 showing sign of buying. However, on the D1 ,the overall still sell bias. We are waiting for H4 to provide a confirmation on buy reversal signal with small candle to indicate sell. Overall if gold fall...
Gold prices has resisted by range top and falling fast back below 1971. With H4 and D1 showing weakness on bullish trend , which signal more downside if price maintain below 1960. We expect price to fall to 1960 before hitting 1940.
Gold has extended its gain within the range with the H4 failed reversal pattern previously, this retested previous breakdown of 1983. We only look for shorts if price below 1972 given the overall weak bullishness on D1. However, H4 is still favours the long, thus one should monitor its position sizing before shorting with a tight stop loss. Upon breaking 1960,...
H4 candle is revealing sign of reversal from recent retracement, pending confirmation shortly. Gold prices has rebounded to resist below 1980. Once price break below 1960. We would expect the range has been tested and further decline to 1940 and to 1920. However, if price stays above 1960 , there is a chance for rate of the 1990 area.
Gold has decline after breaking below the box range and spike down on Monday open. H4 currently showing sign of reversal , while D1 still bullish with H1 showing strong reversal hammer. Expect a short rebound of Gold to 1960 which might be a zone of support turned resistant from previous box range.
Sentiment: Bullish (at the moment) Action: Waiting for H1 to confirm for short entries. Target: 1929.1830 Prices has shown strong uptrend in the past 2 weeks with previous 2 weekly candle closing strong. Gold expects to close with bearish candle this week to retreat some of the gain from last week and 27 Oct (Friday) might poise to be a strong turning point...
Gold has been downtrend for the recent leg. Prices has started to retest in the m15. We will expect if 1847 not broken, 1910 would be expected. ----------------------------------------------------------------- Please share your thought in the comment section. Give a like and follow me for more idea.
Gold price break below the initial trend and failed to rebounce. Now is testing the secondary support at 1938 . If price support above 1920. We expect it travels upwards to 1968 with weekly momentum still bullish with potential target at 2009 to form a cup and handle formation. ----------------------------------------------------------------- Please share your...
Gold has formed a based at 1972 after a strong uptrend retest yesterday. We expect 2009 in the way.
Gold retesting 1970. If price goes above 1975 , we will see that it heads towards 1978 and break above will open door towards 2000 -2009 level. ----------------------------------------------------------------- Please share your thought in the comment section. Give a like and follow me for more idea.
USDJPY prices are looking toppish at current price and we expect the price to break below 124.80 and heading to 123.500 ----------------------------------------------------------------- Please share your thought in the comment section. Give a like and follow me for more idea.
EURUSD if do not break below 1.0815, prices will reverse here and head for 1.1150 then 1.1500 ----------------------------------------------------------------- Please share your thought in the comment section. Give a like and follow me for more idea.
Gold breaking 1955 to signal retest at 1968, overall ranging within 1968 until it has broken out strongly to signal a 2000 in the way. ----------------------------------------------------------------- Please share your thought in the comment section. Give a like and follow me for more idea.
Gold price has failed to fall towards 1897, it has now broken 1938 in the bigger range . We expect the current target at 1968. ----------------------------------------------------------------- Please share your thought in the comment section. Give a like and follow me for more idea.
Gold price failed to break below 1914 and forming an upward leg on H4 . Target at 1938-1950. The bull will only come in once day chart candle has shown a bullish continuation sign. ----------------------------------------------------------------- Please share your thought in the comment section. Give a like and follow me for more idea.
GBPUSD once broken 1.315 ,we will expect price to go to 1.325 follow by 1.330 Stop below the curve. ----------------------------------------------------------------- Please share your thought in the comment section. Give a like and follow me for more idea.