XAU USD Potential LONG zone (read comments for in depth details)Hey Guys, looking at gold's most recent price action on the daily TF, we can see we have accumulated almost at the same level of a previous re-accumulation. in fact, in the current accumulation's spring, we cleared the lows of the previous re-accumulation zone. which is very interesting and nice to see. so now that price has accumulated, and made it clear that it took the lows and broke structure upward, we can now look for zones of interest to go long. Now for my zone of interest id like to play of the daily IC, and would like to see a smaller TF accumulation as we enter the zone of interest, if i dont get that accumulation in the zone of interest then i wont be going long. Here's some screen shots in the comments to show a bit more detail.
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DeGRAM | GOLD false breakout and return to consolidationGold is traded in accumulation.
There are no pulse outputs in either direction.
At the moment, a position is set for a further strong movement and most likely it will follow the trend, I think that the price will make a false breakout and fall to support this range of 1764.9
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DeGRAM | GBPJPY keep falling After exiting the channel, the currency pair did not come back, there was a second downward impulse, which confirms the trend change.
The instrument is not able to update local tops under pressure from market participants, but it successfully updates local lows. I assume the price will drop to 150.6
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DeGRAM | USDJPY trend change The currency pair renewed the high, but it was a false breakout, the price exited the uptrend on both sides.
Now, after the breakdown of the support, the instrument has corrected back to the level and I expect an impulse downward movement to the level of 109.7
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DeGRAM | EURUSD Long The instrument continues to adjust to support.
The level is strong and after such a movement,
I suppose that there are few chances for a breakout, so at least I expect a rollback, but it is still possible to change the local trend to an upward one.
The goal is resistance.
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DeGRAM | GOLD crowd divorceThe situation with gold is similar to a divorce regarding a cumulative flat.
We made a false breakdown of support, now we are trying to break through the upper border, but there is a strong trend resistance ahead.
I expect a return to flat after a false breakout and a decline to support.
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DeGRAM | USDCAD keep fallingThe currency pair is working out the upper border of the channel and going down to support.
The trend is downtrend, I suppose there will be a slight pullback from support with a further breakdown and decline to the level of 1.206
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DeGRAM | EURUSD Long The instrument is trading in the support zone, at the bottom of the price channel.
Globally, the instrument looks long.
At the moment, the currency pair rolls back to the level of 1.19,
I think that after the pair will retest the lower border of the channel, after which it will continue to grow along the trend.
Key point - resistance 1.227
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DeGRAM | EURUSD growth after correctionThe instrument is in a correction phase in an uptrend.
The goal of the end of the correction, I suppose, is a strong support level .
The global trend is growing. It is quite difficult to trade against the trend, so I recommend waiting for the level to be tested and further searching for the required formation.
I expect growth from the support level to the point of intersection of several resistances at the price of 1.217
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DeGRAM | GOLD range resistance testingGold returns after a false breakout to the upper savings line.
The trend is downtrend, so I expect a false breakout or rebound from one of the upper boundaries of either accumulation or trend and a further decline to level 165
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DeGRAM | GOLD range resistance testingGold returns after a false breakout to the upper savings line.
The trend is downtrend, so I expect a false breakout or rebound from one of the upper boundaries of either accumulation or trend and a further decline to level 165
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DeGRAM | GBPUSD false breakout. LongThe PoundDollar rolled back to a strong level on the retest and made a false breakout, where it took out the players it did not need and "took" liquidity for further movement.
According to statistics, the strongest movements are obtained after a false breakout.
I expect growth to the key point - resistance 1.423
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DeGRAM | AUDUSD shortLast week, after testing the lower border of the consolidation, that is, after the pullback from the breakout, there was a bearish impulse, which gives hints of a trend change.
I expect a drop to support, which was not reached at the end of last week's session. Level - 0.7411
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DeGRAM | EURUSD growth after correctionThe instrument is in a correction phase in an uptrend.
The goal of the end of the correction, I suppose, is a strong support level.
The global trend is growing. It is quite difficult to trade against the trend, so I recommend waiting for the level to be tested and further searching for the required formation.
I expect growth from the support level to the point of intersection of several resistances at the price of 1.217
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DeGRAM | CADJPY False breakout. ShortAfter a false breakout, the currency pair corrected downward. After a rollback, the instrument does not update the vertices. Closed above the level, but I assume that if it does not update the local top, the instrument will go down to support
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DeGRAM | AUDJPY LongTool in a wide range.
After the breakdown of the strong trend support, it did not go far down, limit buyers are holding back at the border of the flat.
The trend is up,
I suppose that the price can reach the range resistance and test the strong trend level.
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DeGRAM | EURNZD growth from channel support The currency pair is at the end of the correction inside the upward price channel.
A rapid distribution movement may end up at the support level.
After testing this border, I expect an increase along the trend to the resistance of the channel
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DeGRAM | AUDCAD breakout of support. Short The instrument closed under a strong support level, this fact indicates a high potential for a breakdown of this level downward, since it is also a retest.
Downward trend.
I think that we will have to test the level 0.9199 and then reach 0.9107
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DeGRAM | GOLD in consolidation. Short Gold is trading in a narrow range of 1795 - 1764, the trend is downtrend, they cannot buy back the instrument from the levels, perhaps there is selling pressure in the market.
I assume that after testing the upper border of the channel, gold will go down and continue the downtrend.
Target - support 1725
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DeGRAM | GBPAUD breakout of resistance. LongThe instrument on retest breaks through the upper limit of the annual accumulation.
Consolidation above the level foreshadows a strong upward movement.
I expect growth within the formed bullish channel to the resistance of 1.8774
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DeGRAM | EURJPY breakout, Short The instrument came out of a strong ascending channel downwards.
The pair rolled back and consolidated below the support level.
After consolidation, we can understand that there should be a slight drop now. I expect the price to reach 130.5 support
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