WBEclipse

WBEclipse

Possible reverse double top pattern. TP1 0.67 TP2 0.6743 TP3 0.6788

WBEclipse

Wait for the rebound from 4hr supply like a significant red candle or candlestick pattern final target is 147. Or if you use MA a crossover. Good trade everyone!

WBEclipse

Fair value gap need to be filled. target at least 0.6325. 1hr demand acting as strong support

WBEclipse

Price seems to hold. 21 EMA acting as resistance on 1 hr timeframe. It has retest the trendline but retracement to 2000 level is still probable. Possible sell contract here but proper risk management should be always taken first. targets are 1975 and 1954 SL 1995

WBEclipse

As we see price action bounced from the 4h demand level then we got multiple rejections on the 0.38 fib which is also the 1 hour demand level and a good sign for continuation trending up, to note it has now formed a morning star candlestick pattern. breaking above the marked yellow line will be our confirmation to open a new buy position, target is 0.6348

WBEclipse

new supply level has been set on the 1hr timeframe. it is possible to open a new sell contract with targets 1.0789 and 1.0750 which completes the rising wedge pattern. proper risk management must be taken.

WBEclipse

Gold has broke the trend now wait for the retest + candlestick confermation. any other confluences are good though. new targets are 1954 and 1940.

WBEclipse

This is for short term swing. Wait for the breakout + retest before opening the trade last target is 0.9837.

WBEclipse

Price got an aggressive move to the downside, now is correcting to fill the imbalance. it can also retreace only to the 0.5 fib which is our 21 EMA then continuing the downtrend. if multiple rejections will be presented at that level then this idea will be invalid until then 0.6341 is still final target.

WBEclipse

My previous idea is still valid Gold has created a bearish ascending triangle pattern which suggest a breakout soon. 21 EMA is now starting to act as a valid resistance. We could expect a fakeout to the upside at 2028 level but a solid downtrend is highly probable

WBEclipse

Price action has formed a new supply zone in the 1h timeframe, possibility to open a sell contract but can retest the 89 SMA (1hr). proper risk management must be taken.

WBEclipse

Rising Wedge, Breakout + retest, EMA crossover, really not a lot to say it speaks for itself ;)

WBEclipse

Price action retested the supply zone grabbing all the liquidity and after that it has formed a big bearish pinbar on the 4h timeframe which is our main bearish signal. Sudden drop then we got a bearish flag pattern which also represent a breakout of a trendline + retest that we can use as confermation of the downtrend we got at least 3 confluences. 21 EMA below...

WBEclipse

XAUUSD is now in a consolidation phase is not easy to see where could be the Bias. there are mainly 3 possible scenarios to happen . First it could brake 1885 and easily go to 1890 then 1900, second scenario is if it breaks below 1870 profit targets will be first 1865 then 1852 the 0.5 of fibonacci retracement or it could reach 1865 then get a reversal going to...

WBEclipse

I have Bearish bias for EUR USD till 0.995 level. Chart pattern and Indicator are supporting this idea plus we have US Dollar that need to retest the 110 level. After it will reach that level my Bias will change to Bullish Expecting a reversal. Good trade everyone!

WBEclipse

Gold has formed a big rising wedge started at 1680 Level. I think we gonna see soon a retest of that level before any continuation up or rally. On the other side we have the US dollar that need to retest the 110 level supporting this idea which is important cause they are inversely correlated. It has a positive correlation with EurUsd instead which is acting the...

WBEclipse

Market is random till a certain point... until is manipulated. Using the Volume Indicator I noticed a spike of selling pressure on 16 March 2020. That red spike can be caused only by big institutions, we retail traders don't have the power neither the resources to do that. I suspect that sooner they going to close that position and we will notice then a buying...

WBEclipse

Can someone explain why is there a spike of volume on 16 June 2022 and starting from that the price did go down. The same amount of Volume is now reencountered on 27 October 2022 exactly on the breakout above the channel. I suspect there is something going on in here. Maybe another start of a rally is going to happen sooner. let's get updated