Strong Sell Candles left FVGS. Gold Moved Down From 2920 to 2875 By Respecting Mentioned Above FVG On The Chart. We Can Observe Another Unmitigated FVG On The Chart. Two Possibilities Here, Gold Can Move Upto 2905 By Filling it's Remaining Orders Or 4H Candle Close Below 2875 This Will Also Indicate Strong Sell. In Both Conditions We Will See Waterfall, We...
XAU/USD 4-Hour Time Frame: Gold Exhibits Uptrend Within Parallel Channel Our technical analysis indicates that gold is trending upward within a well-defined parallel channel on the 4-hour chart. Recently, the price dipped to $2,888, likely due to institutional traders hunting stop-losses. With liquidity now absorbed, we anticipate a bullish scenario, potentially...
Gold is currently trading within a well-defined parallel channel, exhibiting a robust uptrend on the 1-hour time frame. The precious metal is now poised to test the major trend line situated at the $2,950 level. As gold approaches this critical resistance zone, we may anticipate sellers to emerge, potentially triggering a reversal. However, for the time being,...
Technical Analysis Report: Gold (XAU/USD) (Market Summary) Gold is currently trading in a strong upward trend, with the price respecting both support and resistance lines. The bulls are in control, and the price is likely to continue moving higher. (Key Levels) - Resistance Level: (2790) A close above this level could be a significant breakout, indicating a new...
XAUSD 2-Hour Chart Analysis: A bearish reversal pattern CHOCH has been identified on the 2-hour chart of XAUSD, following multiple bullish bars. Additionally, a Fair Value Gap has been observed, indicating a potential imbalance in the market. Based on this technical analysis, a strong sell signal has been generated, suggesting the start of a downtrend. Traders are...
DXY 3-Hour Chart Analysis: A strong downtrend has been observed in the DXY, with the price moving within a parallel channel. The channel's support and resistance lines have been respected, indicating a clear trend. Currently, a reversal has been detected from the resistance zone, suggesting a move towards the support line. This reversal confirms a sell...
Observing the 2-hour chart of USDJPY, a significant support area has been identified. Following a recent bounce from this zone, a buying opportunity has emerged, potentially fueled by news-driven market sentiment. Trade setup: Buy zone: 154.200-154.600 Take Profit 1: 155.500 Take Profit 2: 156.500 Take Profit 3: 157.500 Stop Loss: 153.000 Note: News impact may...
Analyzing the 1-hour chart of Euro/USD, a minor upward trend is observed, with price action respecting the established resistance and support lines. A recent reversal from the resistance line has been identified, suggesting a potential downward move. We anticipate a decline towards the 1.04000 level. Traders may consider this as a selling opportunity, with a...
Analyzing the 2-hour chart of USOIL, a clear downward trend is visible within a parallel channel. Following a recent reversal from the resistance line, the direction now appears to be heading towards the support line, indicating a potential waterfall. Trade setup: Sell zone: 74.60-74.80 Take Profit 1: 74.00 Take Profit 2: 73.30 Take Profit 3: 72.60 Stop Loss: 75.70
Observing the 1-hour chart of XAGUSD, a clear upward trend is visible within a parallel channel. Following a recent reversal from the support line, the direction now appears to be heading towards the resistance zone. Trade setup: Buy zone: 30.4000-30.4500 Take Profit 1: 30.8000 Take Profit 2: 31.2000 Take Profit 3: 31.6000 Stop Loss: 30.0000 Support me if you...
Observations suggest that Gold is trending upward within a parallel channel, with trend lines serving as key resistance and support levels, on the 4-hour time frame. Recently, Gold has experienced a reversal from the resistance line and is expected to test the support line shortly. Upon finding support, we anticipate Gold will propel higher and reach new highs...