Gold has shown failure to break price resulting in a double-bottom
USDZAR has reached high and has shown signs of rejection
USDCHF is forming a correction, It will most likely go bearish
Gold has broken the down channel and is retesting previous resistance now support.
Gold is testing a strong support on the intri-day timeframe. highly possible long movement
Gold is testing strong weekly support. This is a signal for a buy.
There is a double bottom on the Hour4, probable potential buy
The USDCAD pair has shown it will go bearish by repeating the previous structure
The market is showing bearish potential for the GBPJPY pair
The Price action show that the pai USDCAD broke and retested the previouse resistance. Therefore we are expecting buys
The price action of the GBPJPY pair gives rise to TWO Possibilities
Nas100 has completed its bearish movement and now we are looking for buying oppotunities
From the chart break down, we can see that gold has broken and retested structure. On the daily timeframe we can also see that gold rejected on the 61.8% Fibbonaci retracement and the buyers are stepping in.
On the 31st of March 2021 the market failed to break the 0.94500 zone and went bearish. now on the 17 of March 2022 the market failed to break the previous resistance, making a double-top on the weekly time-frame. I suspect strong bearing movement.
With the use of multiple time-frame analysis, Elliot-Wave count referencing with corresponding pairs and indices. We can therefore conclude that XAUUSD will complete the structure of overall bearish movement
Gold is going long It will break the major resistance and continue to go up
The Analysis shows a symetrical Triangle that has been broken. This break means the market will be going bullish