Rich_From_Home

Rich_From_Home

The major trend remains bearish; we predict that the price will continue its downward movement. TP: 0.88316 (+2) SL: 0.89066 (25 pips)

Rich_From_Home

Overall, the price is in a bearish trend. We anticipate that there is still potential for the price to decline further. TP: 169.905 (+2) SL: 172.155 (75 pips)

Rich_From_Home

The current price is at the upper trendline of a down channel. Overall, the price is in a bearish trend, and we anticipate that it will continue to decline. TP: 175.650 (+2) SL: 178.050 (80 pips)

Rich_From_Home

The current price is at the 0.618 retracement level and also at the upper trendline. We predict that the price will continue to decline until it reaches its major support level. TP: 113.279 (+2) SL: 115.529 (75 pips)

Rich_From_Home

The recent rejection at the previous support level suggests a potential price reversal. TP: 0.65380 (+2) SL: 0.64480 (30 pips)

Rich_From_Home

Overall, the price remains bullish. We predict the price will continue to rise to the nearest daily resistance at 1.11890, forming 5 waves within the bullish channel. TP: 1.11800 (+2) SL: 1.10900 (30 pips)

Rich_From_Home

Overall, the price remains bearish. We predict that the price will continue to fall to its strong support level at 0.588. TP: 0.58700 (+2) SL: 0.59750 (35 pips)

Rich_From_Home

On the daily candle, there is a significant rejection, with the current price positioned at 0.618. We predict the price will rise initially before continuing its decline. There are 2 buy options: 1. Buy now - TP: 106.940 (+3) - SL: 104.940 (50 pips) 2. Buy on breakout, must have a momentum candle - Buy Stop: 105.700 - TP: 106.902 (+2) - SL: 105.102 (60 pips)

Rich_From_Home

It looks like the price has broken out of the ascending channel and performed a retest. The main target is for the price to close the gap. SL: 1.47686 (35 pips) TP: 1.46636 (+2)

Rich_From_Home

A good rejection at 0.66000 as a classic resistance and also as a psychological price level. On the daily chart, there are 2 doji candles followed by a large bearish candle, indicating a potential price reversal marked by the initial formation of Lower Low (LL) and then Lower High (LH). SL: 0.66046 (20 pips) TP: 0.65246 (+3)

Rich_From_Home Updated 

The new moon occurs on July 5, 2024, at 6:58 pm EDT. The potential for a reversal in gold during the new moon is quite significant, especially with the peak of the north declination. If analyzed technically, gold usually rises, as seen by the formation of a base on the H4 chart and a breakout to the upside, creating market optimism that the price will rise during...

Rich_From_Home Updated 

The formation of the ascending triangle pattern, along with the current price being at the lower trendline, and the stochastic divergence, as well as the price action indicating losing momentum marked by a doji candle, increases our optimism to go long. The formation of 2 higher lows indicates a potential trend reversal. In the next 3 candles, we should see...

Rich_From_Home

In the smaller H1 time frame, a rising wedge pattern can be observed. Then, in the H4 time frame, the candles are starting to lose upward momentum. The formation of a double top and the price breaking the trendline and pulling back provide a good reason for a short entry. Sell Stop: 0.91520 SL: 0.91670 (15 pips) TP: 0.91220 (+2)

Rich_From_Home Updated 

It is confirmed that the price has broken the pattern and is currently retesting what appears to be resistance. The H1 candle confirms a good rejection, although it hasn't been confirmed on the H4 candle yet. It should be noted that the next 3 H1 candles must show a significant increase. The next candle might form a doji followed by an increase or a direct...

Rich_From_Home

A fakeout has formed, making it seem like the price broke above the pattern but then failed, leaving a significant shadow as a sign of rejection at the trendline. Additionally, there is a 0.786 Fibonacci area around that region. Typically, the target for a rising wedge pattern is a downward movement, which increases our optimism for short selling. SL: 0.55152...

Rich_From_Home Updated 

After a significant rise, it seems that now is the time for a correction, supported by the candle shape which is starting to shrink. A correction can be confirmed if the H4 candle shows a bearish candle and breaks the mother candle. Sell Stop: 1.47391 SL: 1.47671 (28 pips) TP: 1.46691 (+2.5)

Rich_From_Home

After a slight correction at the 1.618 Fibonacci level, it seems that the price will continue its upward movement. If the H4 candle closes above 0.60095, it confirms the formation of a swing low, with the prediction that the price will continue rising towards the nearest resistance. Buy Stop : 0.60134 SL: 0.60014 (12 pips) TP: 0.60374 (+2)

Rich_From_Home Updated 

On the H4 timeframe, the price is attempting to break the trendline, accompanied by a relatively long wick, indicating that the price tendency is still bearish. Observing the larger timeframe, the price still tends to be bearish. Until a new higher high is formed at the price of 1.27022, we assume that the price remains bearish. For this entry method, I am using...