Gold has the potential to follow the trending channel between the turquoise lines and also with the small breakthrough to the downside it could mean it's ready to retrace back to the 1932 area. Just keep your eyes peeled and comment your thoughts below. I will buy if it comes back to 1974 with a tp beyond 2005 and will sell if it bounces back down from 1972 with a...
gold touching that triple top, which is the highest level of all time, Comparing the pattern to the previous years, etc 2011 peak we might see it falling towards 1400s, despite bricks efforts to use gold as a standard currency , if anything fails or is delayed then 1400 will be here within 8 months, Its good for long term trades , Sell small lot size and do day...
OANDA:XAUUSD We have seen gold in a range and with the dollar strengthening I am losing hope for a correction to the top for that FOMC disruption. On the bright side price action and chart pattern are telling me 1863 - 1879 is support and if it breaks below 1860 then a continuation of the downtrend and if it breaks above 1879 we looking at 1890 as our main target.
OANDA:NAS100USD CURRENCYCOM:US100 CAPITALCOM:US100 I used the Elliot triple combo wave, Just trying out to see if the pattern can direct the trade But besides that Based on price action we have a big W completion so I expect the pattern to follow we also have a gap from to the previous HH giving out space for liquidity. So i will enter at the End of the W,...
TVC:USOIL FX:USOILSPOT based on chart patterns its been in a long-range since December. Expect it to break out soon to give us either new Lows or new Highs but that will be based on fundamentals as oil moves quicker with that. For now, We just buy below 73 and sell 82 with Sls in place any discussions are open in the comment section
based on yesterday's fundamentals it's safe to say Gold is eyeing 1970 - 75. and it also could be a confirmation of the already ongoing uptrend. We have seen HHs and HLs. With it breaking below the last HL 2 days ago. There is potential for a retracement towards 1900 to 1890 which could easily be our new support for the 3k target
As gold failed to retrace back towards 1880, it continues to rally weekly for the past 5 weeks forming a seamless uptrend. The rally could be caused by a few factors besides the dollar being weak. It may continue to go but we might need a little 400-pip break for it to keep going. RSI is in the overbought zone. Fib just went outside the range zone so I will be...
OANDA:CADJPY Is on an overal dowtrend. In the dow channel, we have our zig-zag / LHs and LLs. If we don't get a break out to the top side we will continue with the downtrend. Most of this will come due to the BOJ not changing its banking policies. Everyone is still waiting on that so for now we just buy and Sell when we see fit till the great confirmation of the...
triple top on OANDA:AUDUSD with the dollar strengthening, we might be due for a bounce back/ retracement to the 0.69 area. Just keep your eyes peeled. If it breaks beyond the orange zone then a continuous trend is still on but if it goes below then we are god for a long sell. now I sold 0.712 with 50 pip SL and an open Tp because USD has time. I will be...
OANDA:XAUUSD We might see Gold consolidating towards the 1924 - 1927 area again and if it does we will have a triple top/ inverse M or W. this area seems like a really good resistance for the uptrend. Even though my RSO is still in the middle I expect it to go towards 70 then by that time it should be around 1924. In that case i will be looking for any form of...
Gold broke the resistance level which is defined as the price level at which selling pressure is strong enough to prevent the price from rising further. When the price of gold reaches a resistance level, it may struggle to break through and could potentially experience a pullback or reversal. atm Gold has reached new Highs which refer to the highest price that an...
OANDA:USDJPY steadily moving in a downtrend, hopefully, it continues and we don't get to see any form of liquidation happening. BOJ did not change its policy so that had a lesser impact on JPY. If you have any suggestions just let me know in the comments / Lets discuss guys