bryanmutheke18

bryanmutheke18

The chart shows a potential bearish engulfing pattern this indicates a possible reversal from bullish to bearish sentiment(short term). This shows sellers are gaining control after a period of buying pressure. The price action suggests that the price may pull back to higher levels before continuing its downward trend, as represented by the yellow projection...

bryanmutheke18

We having a bearish engulfing indicating a trend reversal into shorts targetting 2445 thereabout. But first slight buys towards 2577 and sells

bryanmutheke18

Market Context: The 4-hour timeframe for gold (XAUUSD) shows an internal Change of Character (I-CHoCH) , suggesting a potential retracement after a strong upward movement. This indicates the possibility of a short-term pullback before the uptrend resumes, with the market eyeing new highs. Entry Point: The entry point for this short (sell) trade is identified...

bryanmutheke18

The previous bullish trend appears to be losing steam, and the chart suggests a reversal. This could lead to a correction or a new downtrend. We target for the price to hit the resistance level as a retest in return forming a double top this will be the case when it fails to break above it signaling buyers are losing momentum. Confirmation will be the sellers...

bryanmutheke18

in the 15min region the support region is key. if it holds we look for longs towards 2512+ else wait for next set up. in the case of up trend we call i a double bottom and hence will look for more entries at the retest of 2403/2405 region.

bryanmutheke18

**Market Context:** The 15-minute timeframe shows a strong upward movement in gold, indicating possible exhaustion and the possibility of a pullback or reversal. ** Entry Point:** The entry point for this short (sell) trade is set at $2,520.00, slightly below the recent high, which is anticipated to function as a strong resistance level. ** Stop-Loss...