Get started

Indexes

GOLD: Potential Scenario and Bearish Forecast hey traders, after reaching 1440 level we see a clear weakening bullish momentum on gold. with consequent lower highs and rsi divergence, I anticipate a formation of a descending triangle with the sequence of new lower highs. many times bears will push the market to 1380 structure support and most likely we will see a bearish breakout with bullish trend violation. if I see a bearish breakout I will follow a trading plan that I have recently posted. just check the related ideas. good luck
FX:XAUUSDShort
by VasilyTrader
11
GOLD: Exhausted Market and Bearish Continuation On a daily timeframe, we see a very strong rejection of 1440 level. after two attempts to break and close above this level, we see a formation of a double top pattern in conjunction with RSI Overbought + Divergence and dodji + rejection bars. the last resort for bulls is 1380 support, if bears break and close below this level, most likely gold will start deeper correction and we will see bearish continuation to lower support levels. Key support levels on focus: 1360 1340
FX:XAUUSDShort
by VasilyTrader
8
Overall view of NAS100 and US markets - Update of July 1stPrices were subjected to a bear pressure after settling on the all-time high resistance zone . Without any follow-through, the US markets quietly recovered and reached the @7800.00 target for the second time. In fact, after the G20 meeting this weekend and the set of agreement resulting from it, the odds that NAS100 keeps a bullish momentum are high. Possible targets: @7900.00 (+1300pips or 130points which is around the all-time high) and @8000.00 (+2400pips or 240points). Advice: Stay bullish and buy at any low point while we don't break the 7600.00 bottom level.
OANDA:NAS100USDLong
by Theperfectionist
2