Forex-gold
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!
DXY (Dollar index) 4H: 19/12/2022
As you can see, price touched monthly support and had a bullish reaction.
Now if price can stay above 103.380 and break previous minor high, it can move upward.
You can see the resistances on the chart.
Final goal is FVG.
💡Wait for update!
🗓️19/12/2022
🔎 DYOR
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GOLD BIAS: STTONG BUYGold is going up strong within the channel. This analysis is based on the daily timeframe. An inside bar candlestick pattern has formed in the daily timeframe which shows the bullish continuation of the market. Put your stop loss below the small horizontal line and target the high of the market for the first profit, the 8011.01 level. If the price breaks this level to the upside, then the next take profit will be the 1872.25 level.
GOLD BIAS: BUY CONTINUATIONZoom the chart to see clearly . Gold is going up strong within the channel now. This analysis is based on the daily timeframe: in the daily timeframe, an inside bar candlestick pattern has formed, signaling the bullish continuation of the market. Your stop should be below the small horizontal line and target the high of the market, the 1811.01 level.
🔴 EURUSD : NEW WEEK TA : 12.12.22 As you can see, after price reached to the Bearish BB on the chart, it faced a bearish reaction and dropped more than 150 pips, now the price is returning to the range of 1.055 to 1.062 , This is a supply zone and I expect more fall from this range! In total, 2 scenarios are specified on the chart that you can enter the SELL position by getting the right trigger! Observe the price reaction to these numbers: 1.0645 to 1.067, 1.0725 to 1.0785!
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👤 Arman Shaban : @ArmanShabanTrading
📅 12.12.2022
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USDCHF 4h UpdateAs I said we needed confirmation on that black area for Long position and it didn't triggered but the price reached the blue pattern from below and I believe we have confirmation now. According to PPI report, I await for rising DXY and on the other hand we will see a drop on Gold and BTC.
RLinda ! GOLD-> The bulls are defending the 1765 lvl. Going up?Gold shows us a stronger bullish behavior in the market. The price pullback to 1765, to the 0.5 Fibo level and the consolidation above the level, in the long zone, shows us a bullish mood.
The price is in an ascending price channel and yesterday the gold consolidated after the false breakdown of 1765. The consolidation was between 1768-1778, and the subsequent break-down of the resistance tells us about the future direction. There is a potential upside to 1807.96 and then to 1858.
I expect a final consolidation above the Fibo level of 0.618 (1778.489) and a subsequent rise in price.
Regards, R.Linda!
XAUUSD H1 - Long SignalA little adjustment to gold, we have seen a nice correction from latest weekly resistance test down to previous weekly resistance (now support) confluence zone sits on our 1780 handle, whole number price, with weekly and hourly s/r. Healthy 50-618 correction from recent bullish breakout. Lets see where this H1 closes.