Gold- my two bearish scenariosAs I argued last week, Gold can change its medium-term trend to bearish, and after breaking under 1800, we have a confirmation for this.
With this bearish view in mind, I have 2 scenarios for price evolution:
Scenario 1:
Gold will break down its short-term consolidation and drop towards 1700 zone without correcting and testing 1755-1760 resistance zone
Scenario 2:
Gold will correct and test resistance and fall after to a new local low
In any case, Gold is strongly bearish as long as it stays under 1760
Signalservices
XAUUSD > On-Demand Analysis for Gold.Analysis of #XAUUSD
I got a lot of requests to do an analysis for Gold and here is my analysis.
as you can see from my chart I highlighted how choppy is a move for gold and how sensitive it is to every news.
Currently, we are in a range or sideways movement.
Short-term support near 1815, we can do small buys
Short-term resistance 1842-1845, we can do small sell
Significant resistance level 1872-1879, we can look to start a sell here if the rules for entry are met.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
GBPUSD > Small Bullish Harmonic Gartley PatternAnalysis of #EURUSD
GBPUSD 15 Minutes bullish harmonic Gartley pattern, you might enter at the d completion near 1.200 using limit order or wait for a further push to test structure support zone near 1.2170 for better reward to risk
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
AUDUSD > Simple Classic Bearish Harmonic Bat Pattern.Analysis of #AUDUSD
Simple classic bearish harmonic bat pattern, still early though but keep an eye on this setup if and when it breaks B leg we can start looking for a sell entry at D leg completion or inside the structure resistance zone, depending on how the market will get there
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
GBPUSD > The Perfect Place for A Sell.Analysis of #GBPUSD
the GBPUSD is getting squeezed between trend line support and resistance and trader are not able to push the market further to the upside as you can see the highs are getting shorter and shorter, however, this is not enough to get in a short trade just right now.
I am waiting for a break of trendline support and a close below the minor structure support level before considering a sell.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
AUDUSD > The Best Place for A Sell..Analysis of #AUDUSD
AUDUSD broken trend line support after the market made a strong top as laid out on the chart, now I am looking for classic broken trend line entry if and when the market makes a retracement to test trend line again which also a Fib 0.618 level which will make a good entry with a stop just above the top targeting the next level of support.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
AUDJPY > My Favorite Setup for The Day..Analysis of #AUDJPY
A bearish harmonic Gartley pattern might complete near strong downtrend line with strong bearish structure resistance this makes it my favorite setup for the day.
if the market completes my harmonic Gatley I will wait to let the market push further into my structure zone to get in sell trade with favorable risk to reward.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURJPY > Strong Bullish Trend, Looking for A Buy!!Analysis of #EURJPY
a beautiful bullish uptrend within a rising channel so I am only looking for a buy for now.
if the market comes and tests my trend line support also structure support level I will then drop a one-time frame looking for a buy entry to target the previous highs
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURCAD > Possible Bearish Harmonic Bat Pattern!!Analysis of #EURCAD
here we have a possible bearish harmonic bat pattern that might complete the D leg near a strong structure resistance level which will make a good level for a short entry.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURAUD > A Possible Double Top with RSI Divergence.Analysis of #EURAUD
A possible double top with RSI divergence, I am being conservative and looking for a confirmation on the lowest time frame on the hourly time frame before getting in a sell trade if the rules are met.
if the market breaks to the upside this will invalidate this idea.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
SHOP Earnings Miss | Slowest Revenue Growth in Seven YearsIf you haven`t sold SHOP at $945:
Then you should know that Shopify said adjusted earnings for Q1 came in at 20 cents per share per share VS a profit of $2.01 per share over the same period last year and VS a consensus forecast of 77 cents per share.
Gross merchandise volumes rose 16% to $43.2 billion VS Street forecasts of a $45.4 billion.
The stock is closer to our $350-400 buy range now.
Looking forward to read your opinion about it.
USDCAD Price heading to 1.3100The price of USDCAD gave a nice retracement for more long opportunities last week and is currently heading to the order block at 1.3100 to 1.3200. We may see another optimal trade entry on Tuesday next week or Wednesday for more longs.
If you like this idea, kindly follow me and give this a like. Also don't forget to drop a comment.
EURNZD > Strong Sell Signal I Do Not Want to Miss!!Analysis on #EURNZD
EURNZD is one of my favorite pairs to trade and now it is providing this beautiful bearish harmonic bat pattern and ABCD harmonic pattern where the market dropped more than 1000 pips.
Trading Plan:
>> If the EURNZD completes my harmonics patterns I will then look for a short trade with good reward to risk if the rules are met.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
GOLD Barrick Gold Corporation safe haven just in caseBarrick Gold Corporation, which engages in the exploration, mine development, production, and sale of gold and copper properties looks like a safe haven just in case of a war.
The DIVidend YIELD at 1.63% and P/E ratio at 19.94 look decent.
My price targets are $24.80 against inflation and $29.60 in case of an escalating conflict.
EURUSD > Strong Sell May Come Soon!Analysis on #EURUSD
In Monday posts I predicted that we will see some selling pressure on the dollar and that is indeed what happened, the EURUSD has been moving up for the past three days and soon it will come to test an internal resistance zone.
>> if the EURUSD continues up to test my structure resistance level near 1.1360 - 1.1380, I will then look for a sell entry.
>> if the EURUSD breaks and closes above 1.1380, then this idea is invalid anymore.
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
GBPJPY short from RESISTANCEThe price updates the lower extremum and after a deep false breakout rolls back to the local resistance. If the price fails to break through this resistance, then I expect a fall. My goal is strong support 154.7
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURUSD📉 Support level?❗The EUR / USD forecast assumes the development of a correction and a test of the resistance area near the level of 1.1595. Where can we expect a rebound and an attempt to fall in the pair to an area below the level of 1.1355. A test of the trend line on the relative strength index (RSI) will be in favor of reducing the currency pair. Cancellation of the EUR / USD pair fall option will be a strong growth in quotations and a breakdown at the level of 1.1665. This will indicate a breakdown of the resistance area and a continuation of the rise of the currency pair on Forex to the area above the level of 1.1975.
Have a nice trade!