Rich_From_Home

Rich_From_Home

Overall, the price remains bullish. We predict the price will continue to rise to the nearest daily resistance at 1.11890, forming 5 waves within the bullish channel. TP: 1.11800 (+2) SL: 1.10900 (30 pips)

Rich_From_Home

Overall, the price remains bearish. We predict that the price will continue to fall to its strong support level at 0.588. TP: 0.58700 (+2) SL: 0.59750 (35 pips)

Rich_From_Home

On the daily candle, there is a significant rejection, with the current price positioned at 0.618. We predict the price will rise initially before continuing its decline. There are 2 buy options: 1. Buy now - TP: 106.940 (+3) - SL: 104.940 (50 pips) 2. Buy on breakout, must have a momentum candle - Buy Stop: 105.700 - TP: 106.902 (+2) - SL: 105.102 (60 pips)

Rich_From_Home

It looks like the price has broken out of the ascending channel and performed a retest. The main target is for the price to close the gap. SL: 1.47686 (35 pips) TP: 1.46636 (+2)

Rich_From_Home

A good rejection at 0.66000 as a classic resistance and also as a psychological price level. On the daily chart, there are 2 doji candles followed by a large bearish candle, indicating a potential price reversal marked by the initial formation of Lower Low (LL) and then Lower High (LH). SL: 0.66046 (20 pips) TP: 0.65246 (+3)

Rich_From_Home Updated 

The new moon occurs on July 5, 2024, at 6:58 pm EDT. The potential for a reversal in gold during the new moon is quite significant, especially with the peak of the north declination. If analyzed technically, gold usually rises, as seen by the formation of a base on the H4 chart and a breakout to the upside, creating market optimism that the price will rise during...

Rich_From_Home Updated 

The formation of the ascending triangle pattern, along with the current price being at the lower trendline, and the stochastic divergence, as well as the price action indicating losing momentum marked by a doji candle, increases our optimism to go long. The formation of 2 higher lows indicates a potential trend reversal. In the next 3 candles, we should see...

Rich_From_Home

In the smaller H1 time frame, a rising wedge pattern can be observed. Then, in the H4 time frame, the candles are starting to lose upward momentum. The formation of a double top and the price breaking the trendline and pulling back provide a good reason for a short entry. Sell Stop: 0.91520 SL: 0.91670 (15 pips) TP: 0.91220 (+2)

Rich_From_Home Updated 

It is confirmed that the price has broken the pattern and is currently retesting what appears to be resistance. The H1 candle confirms a good rejection, although it hasn't been confirmed on the H4 candle yet. It should be noted that the next 3 H1 candles must show a significant increase. The next candle might form a doji followed by an increase or a direct...

Rich_From_Home

A fakeout has formed, making it seem like the price broke above the pattern but then failed, leaving a significant shadow as a sign of rejection at the trendline. Additionally, there is a 0.786 Fibonacci area around that region. Typically, the target for a rising wedge pattern is a downward movement, which increases our optimism for short selling. SL: 0.55152...

Rich_From_Home Updated 

After a significant rise, it seems that now is the time for a correction, supported by the candle shape which is starting to shrink. A correction can be confirmed if the H4 candle shows a bearish candle and breaks the mother candle. Sell Stop: 1.47391 SL: 1.47671 (28 pips) TP: 1.46691 (+2.5)

Rich_From_Home

After a slight correction at the 1.618 Fibonacci level, it seems that the price will continue its upward movement. If the H4 candle closes above 0.60095, it confirms the formation of a swing low, with the prediction that the price will continue rising towards the nearest resistance. Buy Stop : 0.60134 SL: 0.60014 (12 pips) TP: 0.60374 (+2)

Rich_From_Home Updated 

On the H4 timeframe, the price is attempting to break the trendline, accompanied by a relatively long wick, indicating that the price tendency is still bearish. Observing the larger timeframe, the price still tends to be bearish. Until a new higher high is formed at the price of 1.27022, we assume that the price remains bearish. For this entry method, I am using...

Rich_From_Home

It appears that after the price touched the support, it immediately bounced and formed a base. It is now attempting to continue its rise after breaking the base and confirming a retest. This is supported by the latest H4 bullish candle, adding optimism for buying. The take profit is set at the 1.618 Fibonacci retracement level, also forming an AB=CD pattern. Stop...

Rich_From_Home

I see a Fibonacci cluster in the price range of 106.374-106.253 that we can use for a short entry opportunity. The price might stop its upward movement in this range or continue rising after forming a lower high first in the 104.927-104.869 range. If measured using Fibonacci, this price shows a retracement of 0.5 from the latest lower high formation or 0.385 if...

Rich_From_Home Updated 

The formation of a Doji candle on the H4 timeframe candle has provided us with an opportunity to consider an entry, especially when it formed at resistance level. In this scenario, there are two possible trading directions with Doji candle, buy or sell. However, the key rule to trading with doji candle is wait for the price to break through and close beyond the...

Rich_From_Home

The formation of a Rising Wedge pattern, with the price breaking lower trendline, followed by a bearish candle on the previous daily timeframe candle. SL : 158.396 (43 pips) TP : 157.106 (+2)

Rich_From_Home Updated 

In the daily timeframe, I have observed a shooting star candle with an exceptionally long tail and a very small body. This candle appears to be quite promising. If today's candle closing price falls below 1.0860, it can serve as confirmation. Furthermore, if today's price experiences a significant drop, creating a strong bearish candle, it is highly likely that...