Still looking bearish, rejection from VAL level, The target should be nPOC/Double Top Pattern Target. This won't come today or tomorrow, it will take months until it gets there.
Weekly closing above trendline support with bullish RSI divergence shows bullish bias. Potential broadening wedge pattern is more likely to form as highlighted if it sustains above trendline support on weekly timeframe. If this plays out as expected, then the max upside should be around 7250 level (top of the wedge pattern). Everyone is having a bearish outlook...
METALS READY TO LEAD THE WAY #BLESSEDPIPS
Hello guys, welcome to this analysis on XAU-EUR. As you can see on the chart it appears like Gold has made a distribution pattern since April that got confirmed by a high volume markdown below 1523 last week. The round arching formations above the 1520 level are usually an indication of weakness and distribution. This can be confirmed by the bearish divergence...
The MTLBTC is moving within a pennant and now arrived at almost end of this pennant. Since Nov 2019 the pricline has found another support above the pennant's support and hitting that support at the moment. The bollinger band is showing sideways movement since Nov 2019. Stochastic is oversold and already has given bull cross. The MACD has given weak bullish...
AUDUSD, professionals closed both sides positions for profit taking. price testing support for the month of May 2019. suspect to form double bottom. usdindex has formed top. $index suspect bearish ahead.
copper making seasonal bottom, professionals open long & short positions, while bank profiting taking by closing both sides. price may go further dip to catch stop losses.