This pair overall sentiment is bearish on a htf. 1 - (respecting Level) Price previously bounced at the golden zone (orange), also a previous supply zone (blue), also premium zone (SELL High, BUY Low rule) on 4H or D tf (grey). 2 - (weakening) I saw a divergence on RSI and AO suggesting weakening of bulls 3 - (intention of going opposite the minor trend - sky blue...
Overall trend is bullish. No divergence is observed yet to suggest this pair is weakening from its bullish rally. Also, no change of character is observed suggesting a bearish impulse. If price makes bearish move on monday, it could potentially be just a pullback. A good discount zone to enter Long is at 142.050 - 141.245. This discount zone is relative to the...
We saw a shift in sentiment from bearish to bullish June 9. Price is currently sitting at the discount area (perfect zone for longs in a bullish sentiment) relative to June 14 low. Assuming price will continue to go up, we can enter long comes monday. Disclaimer: The ideas, opinions, and analysis expressed here are solely based on personal interpretation and...
Price is sitting at a bullish zone. After days of pullback, news later could spell the bullish continuation.
Overall minor trend is bearish. Price is getting a bearish rejection.
Price just broke a really important level - strong resistance. Price could bounce off of this level to go more bullish.
Price could continue shorting, hits the support area then bounce back up as retracement. ** Assuming the 2 USD news will weaken greenback.
Overall sentiment is bearish. Yesterday we saw a small pullback. Price is currently at a good pivot zone to re-enter short trades. Although we saw positive results for>> AIG Manufacturing Index (Mar) - good for AUD, a huge rejection happened at the pivot zone, hinting a bearish continuation.
Price could either make a pull back going up or continue the drop. Refer to levels on chart.
Price has been bullish for 4 days last week with the exception of Tuesday being a pullback to the downside. Price created a gap last Friday which could potentially be mitigated today. A break in 133.383 downward could start this move. Otherwise, price will continue to rally.
Price made a little breakout downwards as the market opened few hours ago. Assuming the price will follow a bearish minor sentiment, the marked level could potentially tilt price lower.
Overall trend is bullish. Price could potentially dip before going LONG further.
We have seen bullish minor trend for gold in the past week. We might see a continuation or breakout downwards. Confirmations in the lower tf. Good Luck!
The news is against USD but as price reached the premium area for Sell it was rejected which gives us a hint that price could break downwards in favor still of the greenback.
Last week Friday touched the discount area/buy zone. Monday to Wednesday was very bullish for this pair. We are seeing weakening or possible pullback. This is backed up by divergence (image posted). At H4 we can see supply area which price could possibly touch before going down in favor of USD.
Price is currently at the ceiling of the bearish channel. We are also seeing regular bearish divergence. If price makes a ChoCh going downwards, then we can consider selling. Good Luck!
We are seeing a change of character to the downside. - Australia Consumer Price Index (CPI) YoY (from 7.4% to 6.8%) bad for AUD We see HH but LL - also known to some traders as QM or QML. We trade on the pullback - SELL ZONE. See M5 image to the right.
Price is breaking out of the bearish trend. Price to test the S/R (black zone). Breaking that upwards confirms the shift in trends. Looking into buying the lows when that takes place. Good Luck!