Forex-gold
BUY ON XAU/USD BUY LIMIT SET FOR XAU/USD
Except this to Continue in a bull trend in to the 1780s area , but we won't enter in this consolidating zone , im instead placing a buy limit as I except a big wick down like before then spikes back up continuing the trend ( Spike down to liquidate RETAIL investors)
How to use the support and resistance the proper way.Very clear, a child should be able do understand this.
Gold (Xau/usd) Sell setup to 1839 Price is approaching a critical zone based on previous market pattern that i broke down few month ago. based on the price level 1905 acts as a strong level of poc or liquidity zone . we could expect price to continue as the volume dry out for reversal around 1905-1915.
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Gold (Xau/usd) Buy towards 1905 levelWe could expect price to retrace to 1862- 1860 level to grab liquidity before heading towards our take profit around 1905. based on the Ema we still see a nice trend to upside and price just broke the descending channel . above all price is attracted to our poc level of 1905 which i will explain in a video break down soon.
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Bitcoin will continue to fall in the coming days | $24K As youve probably seen by now, bitcoin has followed wyckoffs distribution almost perfectly, and with that said, we should expect PHASE E to play out, a mark down, which would lead us all the way to $20-24k. From there id like to see price consolidate/accumulate for a 1 or 2 weeks before we get a push to the upside.
Gold made a false breakGold is in a growing channel.
Now the price is on the resistance line + the price has made a false break.
I expect to fall to the support line
Gold ForecastGold is Bullish from a long time
It breaks it's bearish channel
Probably Next Buy Zone Near
#1. 1343.5 📈
#2. 1820 📈
🤔 What is going on your mind share now?
GOLD completion of growth, next step is FALLGold pushed off strong support zone 1798.44. In this zone, the support level and strong lines of June 2016, December 2015 and June 2019 intersect. From this zone, the price started to rise and now almost came to the resistance level of 1878.89. I expect a reversal from this level and a fall back to the support area of 1811.42. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GBPUSD 100% correct The Analysis
I have posted on my previous analysis that if a lagging span broke out from the Kumo cloud then we should go long. You can check my previous chart on GBPUSD.
In this Chart, the Lagging span has broken out of the cloud. Signal accuracy 100% using Fibnoacci, Ichimoku and Eliott wave.
GOLD basis of GROWTH - SUPPORT line of 2018As you remember, the price first broke through the support line 1803.19.
After that, it pulled out of it and rolled back again as a correction.
Yesterday we expected the price to fall to the line at 1803.37.
And today I extend my forecast as the price continues to fall. I expect that the first thing the price touches the support line 1803.37 and only after that it will reverse and start growing towards the resistance line. Thus, my final target is the resistance line at 1850.53.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
EURUSD will be bullish this weekEURUSD will be bullish this week.
EURUSD is going up to 1.227
Breakup of a major resistance of a previous higher high at 4h.
Reaction at the essential levels of fib.
the light crude oil will be bullish next days the light crude oil will be bullish next 3 or 4 days .
it will goes uo to 68.00 for sure .
the market rejected the 61% of the fib and the area of support and also the trend line .
about the Gold TrendThe Z wave is not over but detecting the bottom of this correction takes time to complete the Z wave.
GOLD reversal in RESISTANCE zone and FALLAfter the breakdown of the support level of 1763.79, the gold price continued to move between the level and the resistance line of 2018. At the beginning of May, the price pushed back from the level and now it is not a cloud from the resistance zone at the intersection of the lines of August 2020 and March 2018. I expect the price to reverse in the 1805.86 resistance zone. After that, it will break through the support zone 1763.79 and fall to the support line 1710.34. This will be our goal.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
GOLD pause on RESISTANCE line and fallThe price resumed its decline, as we expected.
The second time, having bounced off the support line of June 2019 at point 1688.04, the price increased, broke through the support line 1726.79 and tried to break through the resistance line 1765.15. This is the trending inya of August 2020. I expect the price to fall back to support from it - 1705.63.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
MarketBreakdown | EURUSD, GOLD, USDJPY, USDCAD
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1️⃣ EURUSD - 8H time frame
The market remains bullish and trades within a rising parallel channel.
Though bias remains bullish, it looks like the pair is slowing down.
The last higher high did not manage to reach a resistance of the channel
and returned back to retest a channel's support.
In case of a bearish breakout, be prepared for a potential correctional movement.
The pair looks too overbought.
2️⃣ USDCAD - Daily time frame
The pair is very close to a year's low.
The price has already formed a dodji candle so a pullback is highly probable.
Keep monitoring the intraday time frame for a pullback trade.
3️⃣ GOLD - 16H time frame
The price broke and closed below a support line of a rising wedge pattern.
It looks like the retracement leg may proceed.
The closest support to watch is 1748 - 1758
I did not short because the price did not reach a key level within the wedge.
Instead, I will look for buying opportunities from support.
4️⃣ USDJPY - 3 Days time frame
The price has respected a major rising trend line.
The market has formed a nice dodji on that and we see a nice consequent bullish continuation.
The pair will most likely keep growing.
Next resistance - 109.7
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CADCHFPossible reversal to test trend that was broken or create a complete reversal. the head and shoulders does indicate a reversal pattern rather than a continuation pattern to go with the downside so in this case I will be looking for breaks to the upside.
🔥Nice 1:7 Risk:Reward Buy on GBP/USD!!!🔥Will be looking to enter if price reaches our zone. Confluence: Support + 61.8% fib + Trendline
Gold Sells for later on...Looking to sell Gold later possibly during the NY session. Will be looking closely at the highlighted area.
XAUUSD (GOLD) Daily Bullish View After consolidated in the level mirroring Q2 2020 price movement at 1660-1760 area,
XAUSUD form double bottom at 1675 then rebound and break above 1755 and 1770.
Based on Trading Ideas 22 March 2021: XAUUSD In Consolidation Level
that's said "A break and hold above 1770 would add bullish power to rebound targeting 1820, 1875, and 1925."
And for a while, XAUUSD rejected around 1800 near its MA 100 Daily.
And now, a break and hold above 1800 would continue its rebound to
1816 and 1856.
A break and hold above 1856 would add its power bullish to 1875, 1925, and 1965.
But below 1856 would jeopardize its bullish view to neutral.
Anyway, fail to break above 1800 would bring back down to its former resistance ( as now support) 1755
and its MA 50 Daily (now around 1745)
and open the way to retest its double bottom at 1675.
