The price continues to move in a downward channel. Having bounced off the support, the currency pair at the moment buried itself in the local resistance zone of 1.098. I think that from the third testing of this zone, we will break through and after the correction we will continue to grow to the upper border of the descending channel Remember, there is no place...
And so, we have an ascending channel. Inside the channel, at the lower border, accumulation is forming, gold has a potential to rise (globally) to the 1960 level. I assume a range breakout, consolidation and further growth towards the upper border of the ascending channel. But we have a little resistance ahead - a local high formed on May 26, we should expect a...
The currency pair continues to be in the upward price channel. At the moment, it is consolidating at the upper border of 109.9. This is a trait test of resistance and there is a possibility that a false breakout will be made. I expect this false breakout with a further entry into the channel and a decline to support the price channel
The instrument continues to grow in the growing channel. After the test of the lower border of 1.4093, the currency pair goes up and breaks the local resistance level - 1.4165. I expect it to consolidate at this level and rise to update the local peaks 1.4235 and test the upper border of the channel. Remember, there is no place for luck in trading - only...
After the distribution, which is a corrective movement to support, we observe the consolidation of the instrument with a false breakout of the channel border. The currency pair stopped at the 1.218 liquidity zone, after the end of the consolidation, I think that the instrument should rise to resistance 1.2256
Gold continues to grow steadily. It is currently in the channel, a strong ascending support line appears inside the channel, which intersects with the local horizontal support level from the local high of 1890.17. I think that as a result of a small correction, the instrument will reach this mark at the moment of the cross and continue its growth until 1923.0
What we have. Breakdown of the ascending channel downward and correction to the border of this channel. I expect the instrument to decline to the price value of 153.4 - the nearest support and the level to which the price can reach after the breakout.
After the breakdown of the ascending channel, the currency pair is not going to change the trend, it continues its upward movement. What we have at the moment. We rested on the resistance of 0.730, but we have strong support for the uptrend, I think that now we will return to it, we will go to retest the resistance and the target is ahead - the liquidity zone from...
So. The instrument broke the ascending channel down in March, the movement ended at 1.1703 on March 31, the currency pair, after the formation of a local peak, began to correct back to the level, but already to resistance, I suppose that the price will touch this level at 1.240, updating the local high 1.235
So. We continue from the past idea. Gold is going up. Pay attention to the breakdown of the resistance of the ascending channel at around 1891.0, the trend movement is strengthening. I expect to consolidate above the breakout point with a further continuation of the upward movement to the zone of congestion of a large number of participants - 1958.0
Last week, the instrument approached the upper border of the ascending channel 154.9, entered a phase of consolidation, after which a distributive movement should follow, I suppose that this movement should go down to support level 148.493
The instrument continues its downward movement and has approached the local support at 0.8932. Under pressure from sellers, this level should not greatly affect the fall of the currency pair. I assume further development of events as consolidation, breakthrough of local support and achievement of the target - 0.8872
The Eurodollar currency pair breaks through the local resistance and begins to correct back to the support of the ascending channel. I expect continued growth to the target - 1.2346 after the end of the corrective movement from the level of 1.2172
The forecast does not change. Gold continues to consolidate above the resistance level, which in fact can be considered a long signal. I expect to see after consolidation the growth of the instrument to the price value of 1859.00
We have at the moment. We see something similar to the triangle pattern. With a clear support level of 108.44 and tight bars, I guess there are big sellers that are increasing selling. The tool goes to a trait test of support for this month. I expect a continuation of the cumulative downward movement followed by a breakout. It will be possible to sell on a...
The instrument approaches the resistance 1.4241, goes to the level without energy distribution, consolidating it. Nevertheless, I suppose that the first time the pound sterling will not break through this level, it will make a false breakout and return to the lower border of the ascending channel - 1.4000. Be careful with shorts, as the trend is upward and the...
After consolidating above the level of 1.21826, the currency pair gives hints of further growth, breaking through the boundaries of savings. There is a potential for upward movement, as well as a target for major players - 1.23466. I also expect growth to this key level, but after correction to the upper line of savings - 1.224
And so, after gold exits the downtrend channel, gold consolidates above the resistance level. The instrument is set to go up to the 1958 price point, which is what I expect.