Market down for chat pattern bear pattern on 15min candle chart I think market goes down for 3 to 6 point this is my only opinion and yours
US OIL ON A KEY RISING SUPPORT Since last week, Oil tries to break the next resistance and head towards a new yearly high. If that is to happen, at some point we will expect the price to pullback towards the blue trendline before gaining more bullish momentum. The pair rose and started a consolidation. Analysts expect next week pullback to finish and the price on...
We lost the support level at 22 the other day with a clean break and tried to reclaim the level but tested as resistance. Would be surprised to see this down trend continue for a little longer yet. Dont mind the short scalp right now but invalidated if we walk sideways or break this up trend for now
BUY ENTRY: 124.60 USD TARGET: 136.00 USD (9% profit) STOP: 118.00 USD 1. Support 108.98 USD / Resistance: 137.52 USD 2. While retesting the resistance line, the lows are getting higher. It looks like an ascending triangle is shaping. 3. Ascending support line (blue line) should give another upward impulse! 4. The company has high profit margins, which means a...
Sneaky long on WTIC over the next few weeks, waiting for a pull back after this break out to get a better entry. Missed the original break and was actually looking for a short in this channel.
After previous week's drastic fall, the gold started its consolidation on the way up but on a certain price zone, the chart has faced the same resistance three times which is shown on the chart. After breaking this zone, we predict that the gold price will hike to 1785$ per ounce. moreover, the chart has formed an a,b,c chart pattern. In this case the target is...
Gold important zone 1685 support level 1875 resistance level
Price is approaching pivot level of 0.93329 where we have 100% Fibonacci extension level horizontal swing high resistance lining up. A reversal from this level might see price take support at 0.92396, which is in line with 61.8% Fibonacci retracement level horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.93864, which...
Strong resistance at 1830 almost looks suppressed with how accurate that level is with consistent volume. Not really looking for longs buying into resistance but break above here could see this wall break down and a lot of positive price action. At the same time another rejection at this level could see another touch down to the support set around 1680. Will...
Gold sustains in the best support per Shiff Pitchfork analysis. Fib also confirms that. 1,760 confirms the trend change. 1,805 again routs the bullish pressure per trend lines. Disclaimer: I just shares my view. Please trade with your own and comfortable analysis.
Metals havent been performing well recently and after the big drop a few weeks ago cementing the current trend I feel like this recovery will be short lived as we now head but the overall down trend once again. Looking to target the previous support over the next week or 2, but if we break this trend and find support here i may bail early and look for the bull...
Taking a position on Gold for a short term trade, broken out of the major structure after a solid bounce from the big drop a few weeks ago. New structure forming over an important EQ level after the break out and now forming a bit of a bull flag. Only looking for a short term trade here for now up to previous resistance.
GOLD broke a major down trendline Price rebounded from uptrend line with bullish movement Price is above the support level at 1809 Price is above HVN at level 1804 which indicates that gold is in the accumulation phase RSI is above level 50 It's expected to target resistance level at 1860
As we can see, the price has reacted well to the lines above and below the channel. If the short-term downtrend line breaks, the price movement towards the middle and upper line of the channel will not be out of the question
no signal and dont trade please with my analysis just my opinion in GC the momentum in down its important
OANDA:XAUUSD What I am looking at today. Bias for both Buys and Sells. Since it is a Friday, will be taking a smaller lot with extra caution. Any thoughts?
USOIl is trading in a downtrend Price broke the lower edge of the rising wedge pattern Below SMA 100 Price is below HVN at level 68.40 It's expected to target support level at 65.00
In the last post for this pair (week 30) we correctly anticipated a move to the downside that would reach at least the blue trendline marked on the chart. For this week as we look at the 4h chart we give a higher probability for a move to the downside that would at least reach the support zone at 1.95500. After the move to the downside we must study the price...