LucasMgoldview

LucasMgoldview

FX:GBPUSD is approaching a key resistance level that previously acted as a strong barrier, triggering some significant bearish momentum. This area could be a potential point of interest for those looking for short-selling opportunities. Given its historical importance, how price reacts here could set the tone for the next move. If bearish signals appear, such...

LucasMgoldview

OANDA:EURUSD is currently trading near a strong resistance level, which is an area where price has struggled to break through in the past and reversed to the downside. This is also where sellers have previously stepped in, so it’s worth watching—especially for anyone considering short trades. If we start to see signs that price is being rejected here—such as...

LucasMgoldview

Dear friends, it's a pleasure to see you again in today's gold trading session. At present, according to careful observation and technical analysis, we can see that OANDA:XAUUSD is showing signs of a slight correction and is likely forming a bearish pennant pattern, consistent with a common continuation candlestick pattern in a downtrend....

LucasMgoldview

OANDA:XAUUSD is currently trading within an ascending channel, with price recently bouncing off the trendline support after a corrective move. This rebound indicates that buyers are stepping in, maintaining the bullish structure within the channel. If the bullish momentum continues, we could see a move toward $3,450, aligning with a key resistance level within...

LucasMgoldview

OANDA:XAUUSD is likely undergoing a corrective move as it tests the lower boundary of the ascending channel, as shown on my chart. This boundary acts as dynamic trendline support, and a significant bullish reaction may occur if buyers step in at this level. A successful rebound from this support could lead to a move toward the midline of the channel, with the...