mamnunamalik

mamnunamalik

XAUUSD UPDATE: Gold has a pending order block at the zone 1924.435-1927.545 Meanwhile there is a premium zone if we see through FIBO (1922.709-1928.137) So these areas are the most attractive for sellers. More high impact news are coming so fundamental may change the scenario. But I expect a sharp fall towards 1895 zone.

mamnunamalik

Recently we have seen there is change of character in price move but it has not mitigated its order block (0.66186-0.66243) Price may come to this zone and make a sharp move towards 0.67160-0.67210 Currently price is in a symmetrical expanding triangle. A break down of support line of this triangle may happen soon. If you agree with my idea please give me...

mamnunamalik

As we can see in daily time frame price was making HL and HH and completed all its Elliot Wave 12345. Then we can see price has made Elliot ABC correction and from B price came to the discount zone but failed to make new HH. In stead of making new HH price was dropping from the premium zone giving retest earlier breaking of Elliot Correction C and A. Currently...

mamnunamalik

We can see in day chart Gold has made all three Elliot impulsive Waves with two correctives. After completing the waves, Gold has done Elliot ABC Corrective wave and tried to make support at C but failed. As US economy is having positive signs and dollar is strengthening day by day, I think Gold is going to start the Bearish movement. In long run, gold may...

mamnunamalik

I believe USDCAD has made a BULLISH WEDGE pattern in day chart. As sterling is strong at the moment so dollar will fall next few days which will lead us to short on USDCAD till it retests its wedge pattern. If it does then I can see a Cup and Handle pattern is going to happen and then we can long this pair for a good outcomes. Thanks. Happy trading.