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GOLD : UPDATE PRICE ACTION - PRICE IS FALLING Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
OANDA:XAUUSDShort
by DAY_PROFITS
1
Gold Weekly Analysis: Still Downtrend As Long As Below 1835.00After a big crash in the last week, Gold has successfully recovered fully. Right now, Gold is holding above the last week’s flash crash price level. It’s a bit good sign for the gold, at least all the big investors are not biased by the crashes. Inflation was the only market mover data for the last week. Theoretically, USD was supposed to drop because the inflation report was mixed, and Dollar Index was in the long-term resistance level. Such mixed fundamental reports were not enough to beak such a strong resistance level of the Dollar Index. Gold and Dollar Index has a negative co-relation. Here is the Dollar Index Chart. What About The Next-Week Market Mover Data? There are some big market mover data’s are due to publish. 1. Core Retail Sales 2. Retail Sales 3. FED Chair Powell Speaks 4. FOMC Minute Meeting Among the market mover data’s Powell speaks and FOMC will be the real trend changer. Retail sales and core retail sales will have little impact nearly 50/80 pips move on Gold, I think nothing more than that. Even, retail sales and core retail sales can’t even change strong trends rather it helps to follow trends if reports favor them. As the market is in a downtrend, if retail sales and core retail sales rise, Gold has more room to drop. If retail sales and core retail sales drop and can’t meet the expectation gold will test near resistance level 1800/1810 price zone. I don’t think only negative retail sales and core retail sales reports are enough to break above the 1835/1840 price zone. If the reports come mixed, Gold will spike above and will drop again as the trend is still down. Can any market mover data’s break 1835/1840 price zone in next week? Yes, it can. And there is a high chance as well in the next week. There are two market mover data that are to be published in the next week that can turmoil the market and can change the trend. Powell's speech and FOMC can change anything. If we see some previous FOMC reports, the statement was a bit hawkish than dovish. Recent job market reports were economically supportive. Inflation was mixed though it has not increased expectedly. And if the next week’s retail sales and core retail sales come positive, there is a high chance FED and Powell will deliver a hawkish statement in the next week. So, fundamentally Gold has chances to drop again. But the alternative scenario also may happen. If FED don’t hind any rate hike position or they refuse to hike bank rates in the near-term schedule and any statement like they are very concerned about economic growth or they point pandemic may cause another economic or financial crisis and any kind of dovish statement, then Gold will break above 1835/1840 price zone immediately. So, it is very important for the gold traders who care about fundamental news and reports like me and professional traders. What Does The Technical Analysis Say? Personally, I don’t use too many technical indicators and tools but only price action. My chart is very simple and easy to read. Technically, from the present price zone, Gold is holding below the trend line. But the Daily chart shows Gold has formed a full bullish candle. Technically, Gold has a chance to go up in the next week and hold upside bias till the 1805/1810.00 price zone (Descending Trend Line) through 1795.00 looking for immediate resistance. Breaking above the 1810/1815 price zone may open the door for the 1835/1840 price zone. Above 1840.00 price zone, our final target to the upside 1900/1910 price zone. Breaking above 1840.00 price zone, gold needs pure dovish FED statement, otherwise, it is not possible, I think. On The Other hand, technically, gold still holding below the trendline. So, it may drop from the present level as well or it may drop from the near-term resistance level 1795.00 price zone. Near-term first downside target 1725.00 price zone. Breaking below the 1725 price zone will open the door for 1685/1680 price one. 1680/1685 is really a critical support level. In case if we see gold breaks below the 1680.00 price zone, our long-term downside target 1 is the 1550.00 price zone and finally the 1450 price zone. If you think my analysis and charts are helping you, please like, comment and share. Thanks, everybody.
TVC:GOLD
by Gold_Trading_Expert
10
POLKADOT , Dot Ready to climb !! All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help . ⚠️ This Analysis will be updated ... 📊 #DOTUSDT ( Polkadot ) 💹 Time Frame : Weekly 🔵 Personal Opinion : HODL 🎯 Entry : 17$ — 20$ 👤 Saeid.Mahbob 📅 08.Feb.22 ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️ BINANCE:DOTUSDT
Long
by SaeidMahbob
8
BTC , Bullish Senario !Bitcoin This scenario can be considered as one of the rising scenarios of Bitcoin! A few months ago, in the last fall, Bitcoin was in a bearish channel almost like now, and after breaking it, a new rally started! Will it be the same this time? Or this breaking will be a fake failure! 📊 #BTCUSD ( BTC ) 💹 Time Frame : Daily (Update) 👤 Saeid.Mahbob 📅 02.06.2022 ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️ BINANCE:BTCUSDT
by SaeidMahbob
2
DOGE , Buy or Sell ? Dodge Coin has long been in a downtrend and is trapped in a downtrend It does not seem to be able to break the midline of the channel this time (it is unlikely in this bear market!) The next level of Dodge support is between 0.06 - 0.08 and it is expected that by testing this level , the trend will change and the price will be thrown All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help . 📊 #Dogeusdt ( Doge Coin ) 💹 Time Frame : Daily 🔵 Personal Opinion : SHORT 👤 Saeid.Mahbob 📅 02.06.2022
Short
by SaeidMahbob
15
ETH , Short in midtermThe ETH is still falling down in its descending channel But it does not seem to be able to break the Channel ceiling and downward trend this time as well I think the price needs to be retest again at the 2000$ level. Unless Bitcoin completely returns to Bullish , the whole scenario will change ! 📊 #ETH ( Ethereum ) 💹 Time Frame : Daily 👤 Saeid.Mahbob 📅 02.05.2022 ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️ BINANCE:ETHUSDT
Short
by SaeidMahbob
6
Tezos , Breaking the downtrend line !All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help . 📊#XTZUSDT ( Tezos ) 💹 Time Frame : Daily 🔵 Personal Opinion : HODL 👤 Saeid.Mahbob 📅 02.05.2022 ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by SaeidMahbob
2
EURCHF ON THE MOVE!!! Hi Traders Please see the chart above Eur/Chf. We are extremely excited about this opportunity which we will break down with you below. What are we forecasting now and why? • Our first step is always to break down a pair with multi time frame analysis so let’s do that to begin with. On the Daily time frame Eur/Chf has been in a bearish descending trend with no real correction at all. We are now expecting that correction which has been initially signalled by price rejecting and breaking out of this trend. • We can see price has also created a nice double bottom which we are now validating with the confluence of the above break of trend. • Price has now created a simply impulse and correction move respecting a key Fibonacci level at 0.318 and showing a rejection as well as a rejection of previous resistance now turned support. • Moving down onto the 4hr chart we can see that our EMA’s have now turned bullish, and we are buying from oversold conditions. How will we enter the short? • This trade is active now. We have the market rejecting the Fibonacci key level and finding additional support from the 50 and 200 EMA’s. We may see price consolidate a little around this zone but ultimately, we want to see a big bullish move. Where will our first target be? • If you look back to around August / September 2021 we see this exact same scenario with a massive bearish run followed by a nice bullish correction. This correction back in August / September 2021 took us to the 0.5 Fibonacci level of the impulse and this is where we will be targeting first. We will then monitor the price action and potentially leave part of this trade open towards our target 2 but will react to price once we get there. Let me know in the comments below if full break downs like this are helpful and if you would like me to go into more detail for anything illustrated on the charts. If you agree with this idea, be sure to hit the thumbs up and if you haven’t done so already follow for more set ups like this and full breakdowns. Thanks in advance, The Fx Chartist
Long
by TheFxChartist_
4
GOLD looking up 🦐GOLD on the daily chart after the last impulse retraced at the 0.786 fibonacci level. The price after the consolidation is now attempting to break above the resistance. According to Plancton's strategy if the price will break above and satisfy the ACADEMY rules we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
22
XAU Entries + Exits! (REVERSE IS GUARENTEED IF PLAYED CORRECTLY)The ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how to play it: How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
FX:XAUUSD
by ExclusivelyFX
1
Gold remains undecisive Holds On a strong Trend-lineGold is currently undecisive price is at a key level both bullish and bearish scenario applies. Price could respect the prolonged blue trendline and form sort of like a 1-2 1-2 sequence and makes a move to the upside I also like the fact that we are currently trading on a 78,6 Fibonacci retracement. The bearish scenario suggests that we are forming a 1-2-3-4-5 and we are trading at the 3rd wave phase and we need to wait for wave 4 to occur before selling.
TVC:GOLD
by Weshareio