wj56wj56

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Gold technical analysis: from the plate point of view, gold today showed a bottom rebound trend, after stabilizing in 2605-2604 area, there was an upward divergence trend, the highest point hit 2630 line hovering. Daily line level, gold prices after the negative continuation is not strong. The current position is just the daily 2600 up channel up line support....

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Bitcoin's (BTCUSD) full Cycle since the November 2021 High can be illustrated as nothing more than a Cup and Handle (C&H) pattern with the Channel Down since March 2024 being the Handle of the formation. Simple yet a technical reality, the Handle found support both in early August and September on the 1W MA50 (blue trend-line), keeping the bullish trend valid. In...

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Gold technical analysis: gold fell again yesterday, the current daily 6 consecutive negative, most of the whole trading day yesterday in 2620 below the operation. Overall, it fell below the 20-day moving average, and the current 5-day moving average is running below the 10-day moving average. The EMA diverges downward and we continue to hold short. Today Thursday,...

wj56wj56 Updated 

in 2H ad 1H time frame gold has another high ATH...i think wave 5 of bigger 5 still is on its way...we r in wave 4 corrective down and may continue to 2603.50 or more and less...but we will have another ATH...look at those time frames i mentioned above!!!

wj56wj56 Updated 

Bitcoin is ready to go higher! I expect Bitcoin to hit 64,000 - 63,500 USDT in the immediate short-term for the following reasons: The falling wedge is breaking out, the price is now above the main trendline, and the downtrend is exhausted. My Elliott Wave count suggests that we have completed the corrective pattern WXYXZ (triple three). Bitcoin created 2 major...

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GBPUSD Holding Above Daily Pivot Point The GBPUSD pair is currently holding above the daily pivot point, indicating that bullish momentum is dominating today’s market. It is expected that GBPUSD may test the first daily resistance level at 1.3125. If the upward movement continues, it could extend to the second daily resistance level at 1.3166.

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GBP/JPY Poised for Bullish Breakout Amid Yen Weakness and FOMC Minutes The GBP/JPY pair appears to be accumulating volume within a large triangle pattern, indicating a potential breakout in either direction. However, my focus is on a bullish move. The Japanese Yen is showing signs of weakness due to diminishing hopes for further rate hikes from the Bank of Japan...