Weekly/Daily: Clear uptrend. H4: Price recently formed a triangle which followed by a massive sell-off. Price bounces back from a key level and slowly pushing higher. H1: An uptrend trendline can be seen on the chart. Bias: The price might retest the support level @ 6.78400 and continue its upward momentum with initial target @ 6.85200, second target @...
Next target is 140.500 and might continue to 144/146
Inverse Head and Shoulders formation on the 4H chart. Considering a LONG entry upon confirmation of a clear break and retest.
Here forms an inverse head and shoulders for a potential BUY setup at 4h timeframe - actually same setup I posted for GBPUSD... I will be watching for the H&S formation to be completed and waiting for a break and retest for a safe and beautiful entry then. N.B. The setup would be invalid unless the H&S pattern builds up clearly and then break+retest is actual!
My technical view of Gold/XAUUSD XAUUSD/GOLD has been in a consolidation play between 1680 to 1750 since April 13th. The instrument could have either of these two scenarios: A) A confirmed break above 1750 to send the pair higher to 1900 (highs of Sep 2011)with possible stop and/or reversal in the middle (1800). B) Break below 1680 could take Gold price to 1450...
Potential LONG.. Swing trade. Subject to break + retest + bullish candle closing above the blue line.
Weekly/Daily/H4/H2/H1: Price is in a downtrend direction and currently approaching a support level which is also a key zone. 30m: In the lower time starting from 30m to 5m I can see price is holding 9.4300 level in a consolidation form and it is forming a triangle wedge in the next few days." Scenario A: Price could continue to drop until 9.31000 Scenario B:...
Weekly/Daily : Price is in a downtrend direction. H4: Price pushed a little bit higher to 1.67600 but was rejected from that level. H1: Mini trendline was broken to the downside but price meets a strong rejection at @ 1.66400 level My bias: I believe that price would likely consolidate above and around the 1.66400 level. If price doesn't break this level to...
Weekly : Price approaches a support level @ price 1.94500. The area is a key zone too. Daily : A trendline has been broken to the downside and price has retested it and continue dropping. Price broke a key Support level and currently retesting it. H4: Price broke a Support level and retraced back for a retest or should it be a false break? H1: Price broke a...
Potential rally to the upside if the trendline is broken... Somebody agrees?
Possible SHORT opportunity from the key resistance price approaches now! Subject to confirmation on the lower timeframe
A successful break to 108 would propose a further upside.
For me, the longer-term outlook for Gold is still a BUY and this isn't as easy as one day rally... Price would prepare itself for the miracle upside mpve!
Can I anticipate a SELL opportunity at this level as the price seems to be rejected at the level? Let me know your views in the comment section!
My bias remains bearish f price respects the trendline and reacts well over there.
I'm expecting a decent price action in this area and the pair will likely go for short. Let's see how the price reacts here and then booooom!