USD shot up on today's news leaving behind a huge imbalance. Price should take this and then clear liquidity below, establishing a daily down trend. RSI on the 30 minute has also peaked near 90, showing that a pullback is needed.
USDCAD has reacted to today's USD news by clearing buy side liquidity and returning to a bearish orderblock. Hoping to see a rebound off that to continue the downtrend.
There is a liquidity zone above the recent high that will likely be wiped before banks enter positions downwards.
Likely gold retracement up to supply zone. bullish market structure on 1m timeframe
After a huge surge in dollar strength after Russia-Ukraine news we are starting to see fears dissipate. We are expecting some heavy bearish price action in the next week.
Oil is about to touch its upper ascending trendline. Looking for a rejection and then a sell off there.
Gold has rejected its ascending lower trendline. It now ventures up into the imbalances so we can go long after the confirmation after the tweezer bottom candles.
Technical Analysts: GBPJPY has just formed a H&S pattern and is now coming back to retest it. A sell will be confirmed by a bearish candlestick structure. Smart Money Traders: Unmitigated supply could be the best place to sell. Be aware of liquidity above retail H&S. Heavy volume indicating a drop in price in the near future. Looking for some Wyckoff entries on the 1M.
Gold has just had a run of stop orders, and then grabbed some liquidity and is now ready to go down. Yields and US dollar news suggest the fundamentals for gold are negatively biased, now that the dollar has had a little retracement it should restrengthen against gold. Let's see what happens.
There is an unmitigated supply area under gold right now. It is running out of bullish momentum so it will need to grab some liquidity from the supply area before it continues up.
Gold just broke out of a downwards wedge. We have just seen a retest and are now at a period of consolidation. Move upwards expected as institutions go long. Take profit located at previous imbalance resistance. Fundamentals: new omicron covid strain bringing stock market and USD down - should see relocation of money into safe haven assets. Also protection...
Expecting to see GBPUSD fall to major key level outlined in purple. Could see price drop further but we must wait to see if it breaks the key level.
Expecting a move down after an attempted breakout downwards. Good R:R here.
We are seeing a consolidation period on gold currently. It is most likely that we see a breakout downwards and a continuation of the downtrend. Many retail buyers will be caught buying in here - be cautious and look at sentiment data to see where the smart money is.
Just broke resistance - up to next resistance. R:R = 1:3+
Charted are two possible scenarios for NZDUSD in the coming days; we may either see a breakout or resistance at the trendline.
today we saw an unsteady drop in gold price without pullbacks so we can expect a symmetrical rally. Then we either break out the channel or find resistance at the top.