Mlando17

Mlando17

Price seems to be failing to break our current resistance Which might lead to price retesting previous lows Forming a Double Bottom before fully recovering

Mlando17

The golden metal broke out of a major resistance zone, without pulling back for a retest. It about time that gold makes a correction, to turn the previous major resistance zone into a new major support level.

Mlando17

Gold is looking to make a lower high before eventually falling If price action really confirms a sell on my supply areas Then I'll be looking to place some short positions And take note that price broke out of my bullish trendline and pulled back up to do a breakout retest before falling further down and the fact that gold seems to be making lower highs and...

Mlando17

Gold is displaying a bearish market structure The yellow metal seems to have broken out of our bullish trendline signaling A bearish change of direction happening in the near future But price might do a correction before falling any further And I'm expecting that correction to be a retest on our trendline Final conclusion is buy gold for now and sell later

Mlando17

Price broke out of our descending trendline, signaling a possible change of direction occurring in the near future The market seems to be consolidating at the moment, this usually happens before the markets change direction

Mlando17

CADCHF is driven by bullish harmonic price patterns which have been occurring for quite some time now Bouncing between Supply and Demand areas Price is currently playing around our demand area and this could lead to a bullish move soon, supported by the Bullish harmonic price pattern structure which also formed on our demand areas Be vigilant for stop hunts !!!

Mlando17

With Dow Jones testing previous highs will it be looking to break above this level and search for newer highs, or will price decline again like it did before. The market is currently displaying previous price patterns that once occurred, on this very same high before price started falling - signaling a possible bias of history repeating itself, But if...

Mlando17

The golden market seems to have been making higher lows on its way up, so we might expect another retest on our previous minor resistance resulting in another HL before price pushes higher to break the main resistance. But also keep in mind that price formed a bearish harmonic pattern which may cause the bullish structure to fail when reaching the main...

Mlando17

Gold is trading near a very strong demand area If price declines on the demand zone We could expect a bullish move which Could retest or break our current major high A bullish harmonic pattern can also be additional Confirmation for my bias...

Mlando17

Price on this pair is currently displaying an Indecisive price pattern, with a clear head And shoulder's pattern indicating a Bearish market momentum, a breakout Of the neckline will be regarded as Additional confirmation

Mlando17

Formation of a bullish harmonic pattern, clearly indicating a bullish move in the future a breakout of my current minor resistance (with retest) will be my confirmation

Mlando17

Price seems to be maintaining a very bullish momentum. But this is a neutral setup for me, where as : - A decline on my current support level indicates a buy, - a breakout on my current support may indicate a sell move - And most definitely a breakout of our current resistance will be additional confirmation of a bullish move.

Mlando17

Gold has formed a head and shoulders pattern on the 30 minutes chart indicating the end of the bullish trend. The NFP news release on Friday will give us a clearer picture on what gold is planning on doing next.

Mlando17

Will gold continue with its bearish channel or will gold breakout of the trading channel and create newer highs for the bulls ???

Mlando17

On the daily chart the market has laid out a bearish harmonic pattern, which is more than likely to push the market further down.

Mlando17

-NASDAQ is losing its bullish momentum -Multiple bearish patterns have been laid out by the market -And a possible double-top may form on the major resistance zone

Mlando17

- The Golden Market broke out of its bearish trend line. - Bullish harmonic pattern spotted on the support zone. - Waiting for a pullback towards the 1821.95 levels.

Mlando17

The market was trading in a falling wedge pattern and broke out of its trading zone for a bullish escape... The market is pulling back for a retest before continuing with its bullish journey... Nasdaq Traders are more than welcome to drop their thoughts and opinions...