This is merely a poll of what do you think of GOLD's next move? Mention in the comments below. We will share our analysis before the market opens.
EURJPY needs to retest the daily resistance after being broken as a support. This is a daily timeframe and the structure is being changed towards the bearish side. If it continues to move up, we need to see the break of the resistance before taking a buy position.
USDJPY is in a corrective mode from its bullish move. It retraced to its 75% level and may tap the resistance. This resistance needs to break in order to continue up. If not, and we see a rejection, more chances for the market to push down towards the support.
Given that GBPUSD is still trending bearish, we have two scenarios to take a short. 1- The market breaks the current support, validates the breakout sell of the support, retests and rejects the support turn resistance. 2- Market ranges and pushes up to the resistance level. Makes a rejection and plummets. Till this setup plays out, we will continue to look at...
We see two technical factors at this weekly chart. Firstly, we see a strong demand/support zone, which is being tested by the price action. Right now, there is no such rejection on lower time frames. Therefore, we have to wait. Secondly, we see a descending channel, where market is testing the lower trendline. We need to see a rejection from this area.
After the Luna crash, the whole cryptocurrency community is an awe and shock as the UST being the stablecoin, lost its value, hence, depleting the trust factor of crypto holders from UST and other stable coins. Technically, we anticipate Luna tanking upto $19, and then take a buy position from the support.
Ethereum potential double bottom at the support of $2500. Also, we see a descending channel formed where the market is testing the lower band of the channel.
Two possible resistance levels after the trendline breakout sells. The retracement towards either of the resistance levels shall induce the liquidity for short selling.
Gold is retesting the support turn resistance area at the 1880-1890 zone. This zone might wick up to grab liquidity and ultimately plunge towards the 1840 level as we are still bearish.
Solana is testing its supply/support level. This level should act as a catalyst to push the pair back up and break the previous highs. We will only target out profits at the previous highs.
A good long position of Chainlink. At this level, we need to be getting on board chainlink. A good 20% gain on the crypto as it touches 30.
GBPJPY is the sell sooner or later. Just need to break and come out of the consolidation zone and then It would be a good swing sell of more than 400 Pips. This is not a financial advice, It is just an idea, Market can go in opposite side as well. So please manage the risk.
This is just a gold perspective after the Monday flash crash. Lets see how the idea plays out.
We anticipate EURUSD pushing up, breaking the wedge. This if broken, can easily provide 150-200 pips.
GBPUSD broke out from a daily resistance which has now turned support. We will wait for the retest of this level to go long till the resistance area.
H4 has formed a bullish structure but we need to wait for the daily resistance break to clear our view for the bullish bias.
GOLD is bullish. Need to tap/Retest 1886-1888 Zone to go further up. In the high Side 100+ Pips can be easily achieved. Our Bias is bullish and waiting for the price to come to our level for a good buy.