* The metal has now breaking the bearish trend with a strong bullish candle with strong momentum and volume supported by the intersection of thee EMA 50 with E200
*Tesla stock is one of the strongest stocks on Wall Street in terms of technical or financial analysis. **Tesla Stock Turns Higher Because Sales and Deliveries May Blow Away Estimates. FX:TSLA
The metal has been moving in a declining price channel since August 2020, and it is expected to reach the 1705/1715 area, and this is considered one of the strongest buying areas, but now the metal is considered to be in a declining state unless proven otherwise FX:XAUUSD
The price now moving above the EMA 50 and EMA 200 moving average after the EMA 50 to EMA 100 intersection, and thus we begin to think about buying deals, especially since the price is now in a strong price area with liquidity and high trading volume, and also the price is now moving above the 0.5 fib FX:USDJPY o that was drawn from the price of 111 to the price 107.5
The metal is now moving above the descending channel, which has already been breached, and is also in a strong buying area above the 50 and 200 EMA, and thus it can continue the rise to 1790. Looking at the technical picture, the overnight goodish rebound from the $1,765-60 strong resistance breakpoint, now turned support, stalled near the $1,790 region. This...
Trade Confluence : * The price is moving below EMA 50 and EMA 200. ** The EMA 50 already intersected the EMA 200 to downward.