Rich_From_Home

Rich_From_Home

This pattern looks like a descending triangle, the target should be down, but if I see this as a trap, I have been looking at gold charts for more than 10 years, I have an intuition that this is a trap. for conservative entry, you can wait for the break of the digonal trendline.

Rich_From_Home Updated 

(sorry I wrote this took quite a long time so the price has moved first) Summary: The recent drop in Bitcoin is primarily due to geopolitical tensions specifically the conflict between Israel and Iran. This is interpreted as a short-term market shock rather than a fundamental breakdown. Structurally, the bias remains bullish with expectations of a near-term...

Rich_From_Home Updated 

After the cpi news this afternoon, we get an hourly candle that strongly shows rejection after closing the 3358 gap, and for the current pattern, a rising wedge or channel is formed (depending on where you draw the line). and my view for now is that gold could decline, even the furthest target could reach the 3202 gap.

Rich_From_Home

From the small timeframe we have seen a trend transition, I predict gold will go back up. marked by the formation of a swing low on the small timeframe and occurred in the block order area, and also the formation of a bullish flag. I am here taking a buy stop position at the price of 3323 SL: 3309 (140 pips) TP: 3358

Rich_From_Home Updated 

Be careful for those who sell there is potential for btc to continue to rise with the formation of a cup n handle pattern. I am here taking a buy stop position at the price of 105500 sl: 104750 TP: 106750

Rich_From_Home Updated 

In the small timeframe we see the trend in gold bearish then the formation of a channel that has now been broken and is now doing a pullback in the fibonacci area is predicted to continue its decline again.

Rich_From_Home

In the big trend of btc in the big pattern there is a head n shoulder, then on the monthly close we get a double top failing to break its high, from the minor trend the formation of an ascending broadening wedge pattern. I predict there is still potential to go down further

Rich_From_Home

Minor timeframe formed base after reject from support and now trying to break upwards, potential for longs.

Rich_From_Home

in the minor trend there is a potential trend reversal to bearish, I took a short position there is a possibility that gold will go down first.

Rich_From_Home

If we look at the small timeframe, the coding has changed to bullish, can we go back up? at least retest the resistance before going down if he will go back down, I am still biased for btc is bullish, so as much as possible looking for entries to buy. there are 2 scenarios at the moment buy now or buy limit, the reason to buy now is because it has broken minor...

Rich_From_Home Updated 

in trend UJ is in decline seen swing high adds to the potential to continue the decline SL: 143.7 (25 pips)

Rich_From_Home Updated 

Gold has the potential to go down to close the lower gap in the range of 3200, as it has broken its bullish channel with the formation of a Head and shoulder pattern which is also rejected at 0.618, I predict gold will go down first. Sell Stop 3306 SL: 3326 TP: 3206

Rich_From_Home

seen on the small m5 timeframe, the coding has changed to bearish, and gold has a rejection on the expert trend, it is likely to fall first to continue the increase.

Rich_From_Home

when viewed on small timeframes the trend has transitioned to bearish with large timeframes potentially forming a head n shoulder. SL: 3325 TP: 3250

Rich_From_Home

we see from the 15-minute timeframe that the price is still falling quite strongly, I predict that there will be a rejection of the fibonacci cluster accompanied by a reject at the dynamic support of the 200 ema. to buy in this area is quite high risk, the safe option is to sell at the peak of the right shoulder formation with a fairly far target if it confirms...

Rich_From_Home Updated 

The upper gap is still wide open, the potential for gold to rise to 3330 to close the gap is very large, on small timeframes the base is formed, and if we pull back in this area a base is also formed, this is the characteristic of gold that I have observed for a long time, if there is a base drop at past prices then at this price the base rallies, most likely...

Rich_From_Home Updated 

minor timeframe formed ascending broadening wedge pattern, I have sold from afar but forgot to give the analysis, for the target is still quite far away at 3155. SL: 3221 (150 pips) TP: 3155

Rich_From_Home Updated 

From the major trend it is clear that this gold is still bearish, from the minor trend it forms a channel pattern that has been broken and is currently testing the patter again, with a target of 3175 for the gap and 3155 for the target pattern 3120 for final target.