lobfxempire

lobfxempire

Welcome back traders. Share My Analysis If You Agree :) Despite the big push to hell, Gold has been consolidating all week. Price found a strong level of support near $1875, which just so happens to be a key psychological level. A correction has to be made before another push to the downside. I predict a rally towards $1895 following a breakout of the zone...

lobfxempire

Price has found its exhaustion zone, and now is making its way back up, it didn't play too much with that zone at all. Price closed over the parabolic sar on the daily timeframe and has not retraced to that are yet, which is what I believe is about to happen. To furthermore explain why I think this is a long opportunity, on the daily timeframe you can see that if...

lobfxempire

Good morning Traders! Support my Analysis with a Like if you agree... A Double Top Formation is being formed on the Daily time-frame. Price recently failed to close above Pivots, which followed up with a failure at the 50 Moving Average.(Blue On Chart) A local level of support has been identified @135.88. A break of that level could indicate a meltdown...

lobfxempire

GA looks to be creating a head and shoulder pattern, also in the purple rectangle is a 3 line strike pattern indicating trend reversal. Price reached the psychological level 1.85000 and turned around immediately. Also to add to my sell bias the last 4 4hr candlesticks has thrown wicks to the upside where there is a pivot point so this could very well be a sell...

lobfxempire

Whats up Traders! Gold has been moving as expected, hence the shift of momentum overnight. (Refer to Related Ideas) Gold has rejected the breakout of an ascending channel at $1891.25. After rejection price pulled back above a key 4HR zone, which started the formation of the last leg for the Double Bottom. Currently i'm awaiting a solid closure of that 4HR...

lobfxempire

GBPJPY has been moving radically inside of a Daily zone. Price has still failed to retrace back into the Daily trend it broke out of in September. I think a pull back is due, so a momentum shift may occur to the upside. Price has been having a lot of trouble in the 136.000 zone, so a pull to either side is possible. Multiple confluences gives me a Bullish...

lobfxempire

Excited for this week of trading. Gold may be moving too the upside pre US Presidential Election. Post election, I predict the same. For now i'm going to focus on this week. Gold has formed a Bullish Triangle on the Daily Time-frame, which supports my Long bias. Price reacted bearishly the last two days of last week, but still supported a higher low. I...

lobfxempire

Whats up Traders! Gold has been moving fluently this week, so lets close out this week with some strong & profitable trades. Gold has recently rejected the Psych level $1925. No solid close above occurred, which prompted the Bearish Reversal from that same psych level. Price managed to test a strong area of support around $1913, it didn't stand a chance. ...

lobfxempire

Following yesterdays positive Bullish Analysis, price has rejected a major area of resistance around $137.60. Upon a solid close under $136.28, I foresee price moving towards local support.($136.15) A close below that level would be a great bearish entry. I predict price could bleed to $136.75, then towards the 61% Fibonacci Level. Analysis is only valid if...

lobfxempire

There is 3 pin formation formed indicating bearish movement, price akso engulfed the last few highs and bang its head on resistance, waiting from price to retrace a little then continue rising in the ascending channel. Also price is about to close over the parabolic sar on the daily in a few minutes so price will rise but lets catch the bearish movement as well...

lobfxempire

Following up with yesterdays Analysis, GJ is continuing its retest around the $136.72 level. If price manages to close above that level, then I predict price spike to $137.00. To back up that idea I spotted a possible triple bottom formation.(Marked On Chart) Furthermore, price has been wicking out at that same level ($136.72), which shows a possible bearish...

lobfxempire

Good Morning Traders! Upon analyzing GBPJPY I recognized a possible inverted H&S Pattern on the Daily Time-frame. Obviously that signals a possible bullish uproar. So, I started to search for more bullish confluences. On the 4 HR Time-frame I spotted an ABCD Fib Pattern. Price recently found support near $136.40. Following the close on that level, price...

lobfxempire

Price is on the rise at the moment, i'm waiting to see if price will create a double top and fall back down to the pivot point, if so from there price will rise to the resistance line. Price could also engulf the last high right now at 1.83325 and keep rising to the resistance line. Also to support the bearish movement price closed under the sar and has not closed...

lobfxempire

Price on the 4hr timeframe could possibly close over the parabolic sar in the next 30 minutes and keep rising to the next resistance zone, and also back into the ascending channel. If price closes over the sar, BUY! Also on the daily timeframe there is a inverted 3 pin formation being formed, and will be complete in the next 12 hours, which is a bullish...

lobfxempire

Good Morning Traders! My previous bearish analysis is still valid. I found even more confluence for a big shift to the downside. Upon analyzing Gold I spotted a Triangle on the Daily time-frame. Price is currently trapped within the end of the Triangle. A major shift has to occur in favor of the bulls or bears this week. I'm siding with the Bears for a few...

lobfxempire

Gold has been very clear to predict this week. Upon Analyzing Gold I found a few different possible scenarios for future price movements. This sentiment aims toward Gold being bearish . Gold failed to continue bullish movements that would've put its price back into a 4HR Channel.(1905.00 -1910.00). Which sparked a loss of Bullish pressure, & a clean bearish...

lobfxempire

XRP could dip back into 22 cents, I saw a bearish triangle on the daily timeframe, price is also at a key level and every time price as reached this level it touched the bottom of the blue section. There was a head and shoulder that formed but price reached a pivot point and turned around so I don't think price will move up from that. Also on the hour time frame...

lobfxempire

Whats up guys! Looking at xrp/usd i'm expecting price to rise, right now price is at the 0% on the fib and i'm expecting price to rise to the 61%. Price is at a key zone and has tested the key zone already, if price doesn't move down and close into the key one I will not consider price to fall at all at the moment. I have a zone marked of in between the 61% and...