Anticipating a break and subsequent retest of the support level on CAD/JPY, with the intention to capitalize on a sell-off toward the designated highlighted zone.
Gold has experienced a downward trend, displaying a discernible flag pattern on the 4-hour timeframe. An opportunity to enter a sell position arises when the price intersects the trendline within the flag pattern, substantiated by confirmation from lower timeframes. Alternatively, a long position may be considered if the price surpasses the trendline and the...
Greetings fellow traders! How's everyone viewing the current state of GOLD? Noteworthy is its recent break above the downtrend line, coupled with a successful pullback. Furthermore, the bullish momentum is evident across weekly, daily, and H4 timeframes. The expectation is that, after some fluctuations within this range, GOLD is poised to ascend, possibly reaching...