Strong level of Resistance has held up well. Bears seems to be in control now with a strong bearish engulfing candle emerging. Set up a target at the lower support area. Entry set if price breaks the 1.1780 support level. Let's keep the technical simple and easy for all to understand. Like and Follow guys!
The is major support level that has failed to be broken. Price has been rejected with a long wick, a nice indicator to go long. But at the same time a triangle pattern is forming up. Setting up the 1st TP on the down trendline and if it breakthrough 2nd TP will be at the next known resistance level. Like and follow guys!
Basically what we can see is that gold is creating lower highs meaning there is a down trend happening. But there is a strong support line on the 23.6% Fibo area. Nevertheless its is still trending down so we can expect that 23.6% level will be tested again and that will be the area of 1st TP. Should it breaks through 2nd TP will be at 0% level. Let's keep...
From the ATH, we can see from the candlestick pattern it has been a strong bearish momentum. A minor support level @ 3340.00 has been broken, confirming the downtrend and heading for the next support level slightly after the 23.6% Fibo level. This is a level to watch. There is still a chance it will reverse back from here but based on previous statistics, after an...
This pair has hit a point of reversal and making its way back up. Entry signal is when price has bounce off 2 trendlines. Profit target set is @ 38.2% & 50% respectively. Like and follow guys!
We can see now the price is heading down. Waiting for a break below 0.9200 to enter the trade.
Finally a breakout from the current support level. This is a chance to go in for a sell till the next support level.
Missed this good trade when there was a bounce off support level and a break in trend line. But still a good entry now to go long and target the next resistance level which is around the 50% Fibo . Like and follow guys!
This is possibly the breakout that we need to go long on cable. With recent data indicators being positive and further stimulus expected. SHort-term target, 50% fibo level. Like and follow guys!