Forex-gold
RLinda ! GOLD-> Consolidation above the lvl will give the targetGold on the daily chart hints at the end of the correction and the formation of a set-up, which might herald the recovery of the lost growth.
The price breaks through the strong level of 1843.37 and there is only to wait for the bulls to hold this position, in which case the futures will open the way for a breakdown of the channel resistance and a recovery to the area of 1865 and 1900.
I assume that after the price consolidates above 1843, followed by its breakthrough of the channel resistance, there will be a quite active growth to the previously mentioned targets: 1865 and 1900
Regards, R. Linda!
SasanSeifi 💁♂️🟡 Gold/4H /UPDATE✔ :1838?1830??Hi traders, as I expected, the price dropped about 350 pips after the liquidity was collected. Now the previous analysis is still valid.
It can be expected that the price correction will continue until the range of 1838/1830.
❎ (DYOR)...⚠⚜
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DXY (Dollar index) Daily: 21/01/2023: Bull or Bear?
Well, as you can see now I believe in a bear market.
Bear scenario: Now we have a market consolidation that results in the accumulation of liquidity on both sides of this area. in addition, we have daily resistance that you can see on the chart that can push the price down.
Bull scenario: The primary basis of this idea is that the weekly Demand zone can play a crucial role in changing the market way and the price move higher for collecting the liquidity above equal high and filling the fair value gap.
💡Wait for the update!
🗓️21/01/2023
🔎 DYOR
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EURUSD Potential Forecast | Friday 27th January 2023Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts.
Trade idea
1. Price has swept buy side liquidity above on the weekly
2. Price then had a strong bearish reaction which broke sub-structure
3. Price is currently on a retracement
4. Lower blue zone has been marked out as a potential point of interest to look for short set ups
5. Will wait for confirmations such as a break of structure and sweep of liquidity on LTF
Things to take note of:
1. There is fundamental news PCE price release tonight at 930 pm SGT. Do trade safely for those taking the same trade.
Trade safe guys!
Regards,
Chern Yu
GOLD 240The price breaks through the local resistance of 1821, from this level the price can continue to rise to 1858 or retreat to the support zone , but it will still be within the accumulative range. In the medium term, a breakout of resistance at 1858 could take the price to the 1900 mark.
My guess is that gold will be in the accumulation phase for a long time, but at the moment the bulls are ruling the market and they continue to dominate the situation, which means it is worth considering long scenarios. I expect the price to start rising either from the channel support or from the level of 1821. The short-term target is resistance at 1858
Regards,FARHAD
BTC BREAKDOWNIf everything goes as I expect down on the chart where the arrow is pointing in that candle we will see on the 30 minute chart a big increase in volume, on the price chart we also want to see a big black candle ending somewhere around $16975 which will look right into the SHORT for retail and we can go straight up, if there volume will not be downward but instead shoot up I would expect there to be somewhere close to the high of the trend which may change with the results of inflation on Thursday
GOLDGold Gold has achieved the target of the double bottom pattern that it formed at the bottom
Now he has completed a negative harmonic model
I expect gold to reverse from current levels
But this requires watching a strong selling candle and then going short
Stop Loss 1893
The target is extended to 1773
XAUUSD, H1 PROJECTIONPAIR: XAUUSD
TIMEFRAME: 1H
It is important to note that the instrument, GOLD is classified as "stock" and does not necessarily behave like the regular currencies.
One may think price would retrace; correction after the impulse move but from experience, price would keep rallying up until trendline -X which marks a channel.
But like always, the pair is full of surprises so one must be careful in picking an entry point.
Lower TFs are best bets for this.
RLinda ! GOLD-> Is distribution over? A rebound after FB?Gold reaches the first important mark of 1858, but the resistance zone, tentatively, stops the distributive movement. There might be a technical pullback phase.
Gold makes a false breakdown of the consolidation resistance zone and the level of 1858, at the moment we see the price consolidation in the short zone, thus, the price opens the way down to the 1840, 1820 zone
I expect that after a strong rise, gold may weaken a bit. After the end of the consolidation under 1858, I expect the price to fall. The first target is 1840, the second target is 1821.
Regards to R. Linda!