ProjectSyndicate

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🔸Hello traders, today let's review 8hour price chart for gold. Downtrend in progress currently, rejected from overhead resistance at 2055 usd, weak bounce got sold. 🔸Recent swing lower started once we got rejected at 2080 usd on heavy volume, bears took over, currently I recommend to focus on short selling rips/rallies, upside is limited/capped by 2055...

ProjectSyndicate Updated 

🔸Hello traders, today let's review 2daily price chart for gold. Heavy rejection from strong overhead resistance near 2075, sliding S/R contained the bull run once again. 🔸2015/2020 usd weak horizontal S/R price level, once bears take it out expecting strong sell side pressure to accelerate, targeting 1950 and 1900 usd. 🔸While the gold price chart looks strong in...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 2 hour chart for GOLD today. Ongoing distribution in progress since January 2024, currently locked in trading range. 🔸Final pump in progress, however strong overhead resistance overhead will likely contain any further gains, therefore risk/reward will shift in bears favor as we close in on resistances near 2050 usd. 🔸Recommended...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 8hour chart for EURUSD today. Recently heavy rejection from overhead resistance at 1100, now trading near 1000, limited upside going forward and expecting more losses in this market. 🔸Price control line in red previously price was supported at 0575 and 0720, however we got a clean breakdown at 0885 and subsequently price was...

ProjectSyndicate Updated 

🔸Hello traders, here's a short-term gold market update, this is 2 hour price chart. recently price action is contained within well-defined price range. 🔸Range highs set at 2050 usd, range lows set at 2015 usd, premium prices overhead at 2055/2060 usd, below at 2010 usd. currently trading at 2033 usd near mid-range, no trades recommended in mid-range. 🔸Short-term...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 8 hour chart for GBPNZD today. Expecting reversal after we hit strong overhead resistance at 2.0900. currently risk/reward shifted in bears favor. 🔸previously V-shape recovery completed at 2.0900, however right now bears will likely take over in this market. below bears will target mirror s/r level at 2.0300. strong risk/reward on...

ProjectSyndicate Updated 

🔸Today let's review the daily chart for crude oil . Recently price action contained within well-defined range trading zone. therefore it's recommended to focus on buying low near range lows. 🔸Strong horizontal support at 67 usd is a great entry point for a swing trade setup for the bulls, short-term expecting more losses, however downside will be capped by the...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 2 hour chart for EURUSD today. Risk/reward shifts to BEARS favor currently, since bulls were unable to push beyond 0900 S/R, right now distribution in progress, compression into bear flag. 🔸Short-term price action locked in tight range, bears should focus on short selling rips/rallies toward 0900/0920. We are slowly building up a...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 2hour chart for GBPUSD today. Recently price was locked inside accumulation/distribution trading range since December 2023. 🔸Trading range is defined by range highs at 2750 and range lows at 2640, premium prices overhead at 2775/2795 and below at 2625/2605. 🔸Recommended strategy for GBPUSD bears: short sell rips/rallies near...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 8 hour chart for GBPCAD. Speculative XABCD in progress, with PRZ/C set at 6880, so expecting more losses in GBPCAD going into early Feb 2024. 🔸XABCD structure is defined by point X at 7240, point A at 6820, point B at 7170, point C at 6890, point D/PRZ at 7360, currently most points validated, point D/PRZ pending in early March...

ProjectSyndicate Updated 

🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended...

ProjectSyndicate Updated 

🔸Hello traders, today let's review 4hourprice chart for BTCUSD and potential reversal zones. We got a weak bounce in progress since we triggered fresh supply zone near 46 000/47 000 usd, however limited upside as bulls will face strong overhead resistances , therefore I still recommend to short sell rips/rallies. 🔸All the positive mid-term catalysts are already...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 6 hour chart for GBPAUD today. Expecting more upside in this market before reversal, higher risk entry on buy side right now, bulls will target re-test of mirror horizontal S/R at 9290, this is a higher risk setup though. 🔸Short-term expecting final pump into overhead resistance at 9290, for now bulls maintain control in this...

ProjectSyndicate Updated 

🔸Hello guys, today let's review 2daily price chart for gold. Ongoing accumulation in progress since 2020, strong chart overall, however expecting short/mid-term weakness before reversal. Accumulation not complete yet, final low print required to complete the sequence and flip market into bull mode. 🔸Range lows defined at 1715 usd, range highs set at 2000 usd,...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 1hour chart for EURNZD today. We are locked inside trading range recently, currently trading near range highs, so risk/reward shifted in bears favor, therefore recommend to focus on shorting rips/rallies. 🔸Trading range is defined by range highs at 7560 and range lows at 7440, premium prices overhead at 7575 and 7600 and below at...

ProjectSyndicate Updated 

🔸Hello traders, today let's review the 4 hour chart for gold. Recently solid gains off the lows near 1890 usd and currently expecting more gains in this market going into November. 🔸Currently compression into bullish flag, expecting breakout soon, bulls should focus on buying dips/pullback near 1955/1965 USD. 🔸recommended strategy bulls: advanced buy/hold...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 8hour price chart for XRP today. Decent pop off the lows recently, however limited upside going forward, as bulls will trigger heavy overhead resistance near premium prices (details see chart) 🔸25% correction looming as bulls will fail to generate a meaningful breakout above 55c, expecting limited upside currently so recommend to...

ProjectSyndicate Updated 

🔸Hello traders, let's review the 1hour chart for EURUSD today. Recently price was locked inside accumulation/distribution trading range and therefore I recommend to focus on buying low and selling high / details see chart. 🔸Trading range is defined by range highs at 0600 and range lows at 0490, premium prices overhead at 0620/0640/0655 and below at...