Btc setting up accumulation with a possible breakout form the downside, the uptick have more room but lack of liquidity and sentiment kept bias still . i will expect a price to return to the ascending trendline for liquidity before uptick
DXY on weekly broke resistance level to return to our buy floor technically gbpusd,audusd,eurusd will suffer and face change in price direction. dxy uptick is approved based on the close of the weekly candle.
dollar on weekly found support rejecting downslid below critical level,close of the weekly have seen a significant dxy liquidity which could technically lead to a return to buy zone where smart money resides. we have dxy on long based on the strategy.
Gold technical outlook remains bullish,with the current structure its best to wait for correction and long. the close of friday closed on strong rejection and price attempted to rise again. 2623-2630 will be a level to watch for risky support .
market structure is based on break and retest. gold structure is bullish
Trading gold using market structure ,our focus is break of structure,support/resisitance,resistance/support,retest candle play back to retest zone. from the floor the zone of 2624 ,2637, and 2645 have been buying zone, technically we expect correction with hope that 2700 will be possible
the structure of the market rejected 2667 level and its expected to have correction after such heavy rally. buyers are in charge of the price with the non farm employment change greater than forecast. i expect the zone of 2700 to trigger and correct .
XAUAUSD will continue to see rise until we get into 2692-2688-2684. THE yellow metal backed by Actual' greater than 'Forecast' non farm employment change which is watched by federal reserve FED. GOLD will continue to see a push.
THE emotion of buying and selling is best understood on the structure of the price action. GOLD as TOP TIER ASSET will continue in the bullish direction based on central banks demand and as a safe haven in times of geopolitical tension. while correction is awaited ,caution should be applied on all buy sell position by taking profit and managing stoploss.
the structure of AUDJPY since 2007 ,the floor and the roof is noted ,the strategy focus on the invalidation of structure and possibly retest. the price action on monthly pays close attention on the close of monthly candle,as we dont want to see the body of a candle break and close below our trendline either as SR(support/resistance) or...
Gold follow market structure have watched critically how buy pressure broke two previous highs to act as a dynamic support for uptick. And the zone 2623 into 2620 was a predicted buy zone and price played into the zone. Gold at the moment will need more buy liquidity to touch the zone of 2700 which will be a new all time high. on the roof price have created a...