For the previous idea, I predict that September will be filled the whole Quarterly (because it's the last Month of this Quarter/Q3). Today, we already seen strong bear movements in the Daily, and I assume that movements confirmed the bear trend. My strategy is, I will do partial sell with just small lots.
Key Level = 1804 With range analysis, I'm trying to compare the previous Quarterly Timeframe (Q2) to this Quarter (Q3). You can see, actually, the major bias for the Quarterly timeframe is bearish. With my Monthly Pivot Point level, you can see that the projected Low is suitable with the S4/L4 level Monthly. September is the last Month for Q3. So, I expect...
I'm trying to analyze the big timeframe of XAUUSD using pivot and range (in this context I'm comparing the past 8 Year Range and the current Range, and there is still a few range that hasn't been completed yet.
From Quarter, Monthly, Weekly Point of View, the price consolidation occured because its already on its Resistance Area. The High and the Low of Quarterly Timeframe already formed. From Quarter TF, already reach R2. From Monthly TF, already reach R2. Even From Weekly TF, already reach R4. From 3 perspective multitimeframe, the price is already overbought and so...
From Quarter, Monthly, Weekly Point of View, the price consolidation occured because its already on its Resistance 1 Area. The High and the Low of Quarterly Timeframe already formed. I expect the price will drop very soon to Weekly S1 (1768), or if the drop continues will be able to reach the Monthly Pivot (1714), if the price reach this area, you can TP and...
As you can see, from Quarterly PoV the price already reach its R1. This is already in the end of year (end of Q4), expect the price will do correction reaching it's quarterly Open Price.
Goldman Sachs announced they were shorting currencies againts dollar. As US economic condition will faced a long recovery there are so many uncertainty in technical analysis in market but one thing that we can sure about is majority currencies are bullish againts dollar, you can compare another currencies and you can share your thoughts on them. Cheers.
Goldman Sachs announced they were shorting currencies againts dollar. As US economic condition will faced a long recovery there are so many uncertainty in technical analysis in market but one thing that we can sure about is majority currencies are bullish againts dollar, you can compare another currencies and you can share your thoughts on them. Cheers.