forexdumb

forexdumb

on 27 january yesterday the bullish structure was broken. now the price is in the support area and will the 1810 area become a new lower high?

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if you look at it from a moving average perspective, every time the MA makes a death cross, the gold price drops very low. will this happen again?

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when viewed from the daily TF, the price forms a flag pattern. yesterday the price broke the support flag. possible price will continue the bearish trend. do not use this idea, until you do further analysis.

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as you can see on the chart. the price is in the channel area. like the previous pattern, after forming a bullish falling wedge the price continued to the upside. this may be repeated in the future.

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starting last year GBPJPY in a ranging condition, if you look at the large TF. after testing the resistance area, the price fell again, possibly the price will touch the support area again. do not use this idea, until you do further analysis.

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after touching the trendline resistance, the price turned bearish. the price is likely to continue its decline. do not use this idea, until you do further analysis.

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cadchf is in a ranging area. previously formed a double top. maybe the price will still play in the ranging area. do not use this idea, until you do further analysis.

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every time the price touches the trendline resistance, the price always goes down. and 1760 is still gold support which is often used for bearish stops.

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monthly TF price forms a symmetrical triangle. on the daily TF the price is consolidating forming a flag pattern. if the support flag is broken, it is possible that the price will continue to fall towards monthly support. do not use this idea to trade, until you do further analysis.

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currently the price is in the falling wedge area. waiting for the price to exit the area, and look for buy positions. do not use this idea to trade, until you do further analysis.

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weekly TF the price is bullish and is being corrected to form a bearish channel. and the price is currently in the weekly support area. in daily TF the price is forming a bullish channel. do not use this idea to trade, until you do further analysis.

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the price is in the support channel. when viewed from the oscillator the selling power is weakening. but not seen buyers started to enter. waiting for confirmation to buy. be careful with fake breakouts.

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price forms a triangle. it would be like that if using elliott wave theory.

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After forming the descending pattern, the price continues the impulse. waiting for lower prices to look for long positions. do not use it to trade without further analysis. leave a comment if there is something I miss. thank you.

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bullish falling wedge on 4h timeframe. monitor prices in the golden zone. do not use it to trade without further analysis. leave a comment if there is something I miss. thank you.

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bearish still dominates the daily. at the moment the price is approaching resistance, and see how the price reacts in that area. do not use it to trade without further analysis. leave a comment if there is something I miss. thank you.

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bears dominate the daily. the price is currently consolidating. waiting for the trendline to be broken and waiting for some confirmation before entry. do not use it to trade without further analysis. leave a comment if there is something I miss. thank you.

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bulls dominate daily. The price is currently consolidating to form a flag pattern. waiting for the price to break the trendline to determine the next direction. do not use it to trade without further analysis. leave a comment if there is something I miss. thank you.