yann2zen

yann2zen Updated 

The USD overall has been quite bearish as of late, and right now on GBPUSD the price is breaking out of the bull flag. Please share your ideas.

yann2zen Updated 

Gold is still well within the bullish channel that began around 1620 and has been trading on the 50% retracement of the move up from the 8th march for a few weeks now. The RSI shows that gold is losing strength and also the 20 SMA is right above the price, which is also bearish. However, with all that, the trend is still intact and 1930 hasn't been broken. With...

yann2zen Updated 

This clearly looks like a bullish pennant... but with the news today anything can happen. What's your take?

yann2zen

Gold has been a bit tricky to track since it hit 1936, however, as shown on my chart, not only did gold come out of the ending diagonal but it is also right on the bullish trendline that started since January. 1936-37 is strong support and 1970-80 is strong resistance. I am slightly bullish but I will be very cautious.

yann2zen Updated 

As described on my chart, the price had bounced on the trendline multiple times, creating lower highs which could indicate that buyers are driving the price higher. And at thee moment the price has reached the 0.76 ratio on the FIB. I plan to buy as long as we sustain 1980.

yann2zen

A pair to watch closely in the next few days to come as it can offer great trading opportunity to the downside, according to this pattern. Please kindly share your thoughts.

yann2zen Updated 

After a double bottom at 2030, the price went around 2059 and now is hovering around 2048 while creation this pattern you see. Although with big news events anything can happen, I still maintain a bullish bias. Please share your comments and views.

yann2zen Updated 

Gold bounced from the exact area that was pointed out on previous analysis. I still think there's a even bigger move upward for gold. See link below and kindly comment please.

yann2zen Updated 

Since the strong bullish candle on the 3rd of April, which ultimately took us out of that bullish pennant, price well over the strong psychological 2000 level of resistance, all the way to around 2050 before retracing back to around the same area of 1969-70. However, based on my analysis and what the RSI is showing me, the same pennant is being formed on the RSI...

yann2zen

I don't trade bitcoins but based on chart patterns alone and indicators, this is what I see on the weekly and daily TF. Please let me know what you think.

yann2zen Updated 

XAUUSD is offering a great buying opportunity in my opinion, after breaking out of the pennant, price is not retesting the upper boundary of the pennant. Which is also at 50% fib retracement level. ATH in the next few days to come?

yann2zen

In my opinion gold will resume its upward move after the correction in the form of a triangle which indicates a trend continuation.

yann2zen

That strong selling move from the news last night didn't break the trendline. I believe the NASDAQ is going higher.

yann2zen

I'll look to sell as long as price doesn't close above last week candle.

yann2zen Updated 

GBPJPY now approaching a good are of interest for sellers. The higher the price goes, the better for sellers, as long as it doesn't go over 166.

yann2zen

A clear bullish flag has formed which hints to a continuation to the upside. Fibonacci and previous resistance turned support can also add to the confirmation, plus it falls right above the 21 SMA. I will look into smaller timeframe for entry but I plan to hold this trade since it is a strong bullish trend overall. Let me know your thoughts.

yann2zen

Hi traders. Put a FIB from the 9th of August candle on the weekly timeframe and notice how Gold has respected that retracement. Plus at the moment it is in an ascending channel and the price has gone past the 1780 strong resistance. In my opinion, the bears will come in strong from 1830 but until then, I am bullish biased. Please let me know your take.

yann2zen

Gold is creating and ascending channel with strong bullish candle @ 1720 and and @ 1757 which now broke the 1780 resistance. According to what I'm seeing, the price might bounce just on top of the 200 SMA ( in red) before attempting to retest the 1830. However the bears might come in around 1806 but price is strong bullish at this point. Please let me know your views.