Mr_David18

Mr_David18 Updated 

The chart you've shared is a 15-minute chart of Gold Spot (XAU/USD), showing a significant bullish breakout above a consolidation/resistance zone marked in purple around the 3253 level. Here's a quick breakdown of what's happening: Support/Resistance Zone: The purple box highlights a previous consolidation area around 3253, which acted as resistance. Breakout:...

Mr_David18 Updated 

This chart shows a potential breakout trade setup for USD/JPY on the 1-hour timeframe. Here's a breakdown of what the image suggests: Descending Trendline: Multiple red arrows mark lower highs, forming a descending resistance trendline. Bullish Reversal: The green arrows and yellow circles highlight higher lows and buying interest at a consistent support...

Mr_David18 Updated 

This chart shows the Gold Spot price (XAU/USD) on the 1-hour timeframe, with a clear technical analysis pattern identified. Key Observations: 1. Resistance Zone (Purple Box): Multiple red arrows indicate repeated rejections around the $3,250 level, confirming a strong resistance zone. Price has failed to break above this zone multiple times. 2. Ascending...

Mr_David18 Updated 

This chart shows a technical analysis of Bitcoin (BTC/USDT) on a 1-hour timeframe with key points marked: Double Top Formation: The two red circles near 106,781.56 indicate a potential double top pattern, which is typically bearish. This could signal a trend reversal. Register Point: Around 106,781.56 – a key resistance level where price was rejected...

Mr_David18 Updated 

This chart shows the EUR/USD currency pair on the 1-hour timeframe. Here are the key elements: 1. Resistance Zone (Yellow Box): The chart marks a horizontal resistance area around the 1.1285 level, which has been tested multiple times (noted with red arrows). This indicates a strong supply zone. 2. Projected Price Movement: A gray zigzag line shows a forecasted...

Mr_David18

This chart is a technical analysis of Gold Spot (XAU/USD) on the 1-hour timeframe. Here’s a breakdown of what it suggests: 1. Downtrend Broken: The orange downward trendline has been broken (circled area), indicating a potential trend reversal or correction. 2. Retest & Rebound: Price retested the trendline and support zone (marked in red) and bounced off...