XAUUSD Technical Analysis1st resistance level $1763-1769
Second resistance level $1775-1786
There was no military conflict between the US and China after the US top brass visited Taiwan and the Chinese Foreign Ministry issued a unilateral and stern statement. In line with market expectations, gold prices are expected to risk aversion decay, there is a possibility of further pullback, such as a rebound to resistance levels can try to short, need to remind us that the political events (events have not escalated to military conflict) is still not over, need to beware of the price upward impulse.
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Predictions
XAUUSD AnalysisYou can find patterns of price movement in the charts and can know that the current price is rising on the 66 SMA, having pulled back, only to have it rise again. In addition, the U.S. top brass recently visited Taiwan and China is standing by. Miscalculations and misunderstandings between the two countries could lead to increased friction, followed by a local war. So there is reason to believe that XAUUSD still remains strong in this week.
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HYMC heading for a breakout? 7/12/2022HYMC seems to have changed its trend. You will see that we have entered with higher lows and higher highs. This could signal a breakout above 1.10 testing its next resistance level at 1.19. If the momentum continues then I would say that we could break out of the 200 DMA. However, there is A LOT of resistance at the 1.19 level.
The MACD just crossed over and I am getting signals on the 3, 13 EMA Cross. The volume also seems to be steadily increasing with today being one of the better days for volume.
RBLX the Next 30 DaysI am new to this, but I really enjoy it and would love any feedback. This is not financial advice.
This analysis is based on the Elliott Wave Theory. I think you will see one more major move up before watching it fall to the ground like a dead cat. This is based on the 5-3 theory and considering that this is a psychological play more than a fundamental play it would make sense to have one more major continuation before she falls through the floor.
EURUSD shows strong performanceThe U.S. government is trying to ride out the inflation crisis with a combination of interest rate hikes and loose fiscal and tight monetary policy, which could be a positive factor for the dollar. With food and energy inflation much higher in Europe than in the U.S., the market is predicting that the ECB will enter a rate hike cycle. The path of future rate hikes will depend on commodity prices and economic growth in the eurozone.
The price is predicted to move to the gray zone in the chart.
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Don't have a lot of hope for Blizzard right now. A predictionNot Financial Advice ~ A prediction
I think blizzard has met its newest level of resistance. In the upcoming weeks I expect ATVI to head back down to its latest level of support. To bounce back up, but I think the continuation bounce is going to be significantly lighter than the first.
EURCAD Beginners Attempt Chart AnalysisSo, I'm no expert at this just yet but I have been practicing and seem to think that this idea will play out as I am predicting it to...
Please don't take this idea as financial or trading advice of any kind - instead, if it is not correct, can someone please tell me where I went wrong?
Happy trading everyone!