Silver is currently consolidating on 1hr. If it is to go up, it must break the current resistance level. However i think we may see 1 leg down to 31.50 level before going up. I therefore will be looking for shorts for the coming week.
Gold has been in correction for almost a month now. It looks like the correction may continue for the next month. I am looking for a bigger wxy market structure. More confirmation on this scenario will be if gold dips from upper part of the the channel. I am looking at shorting it to 3180 and later to 3000.
GU has been in an impulse uptrend from Jan 2025 until 20 March 2025. The current move seems to be a wave 4 correction which may take us down to 1.2700. I therefore will be placing a sell at current levels and targeting 1.2700. Good day
Silver seems to be in a corrective flat Pattern. Expecting a reaction at around 31.50-31.80. Will look for sell setups at that level
Gold could be in a little corrective action. On this corrective wave, we had an impulsive wave from 2222 and its now correcting again. In addition, there seems to be a head and shoulder pattern formed. From around 2185, I anticipate another impulse lower to reach 2124.
GBPNZD has been in consolidation since 24 October. Expect a short move up to tag the resistance. Anticipate the last leg of the ABCD pattern.
US100 may consolidate a bit on the current support level. Thereafter it may make one more leg downside to complete a bigger ABCD pattern.
EU is at a very important level as its retesting the trendline. On 1h time frame the trend looks downside, but the bigger picture is in up trend. If the price does not bounce up now and breaks the trendline to the downside, we may tag the 1.06 area or 1.05 support then go up.
Good day gj just retested the support zone. I therefore will looking for an impulse up to around 187.00 area.
US100 for me looks down. It just completed an ABCD pattern therefore I anticipate a move down, or it may crawl a bit up to the resistance zone before going down. But I am more inclined to the downside from current levels.
The price is at a critical level, might go down to retest the 180.00 level at the support zone.