Looking for market to push to the downside after break of bullish trend combined with a retest of structure to confirm market reversal.
Gold currently broke Resistance Level and is currently sitting on it. There are two options to consider: 1. This is a break and retest of structure for gold to push to the 1800's OR 2. This may very well be a fake out and market may continue bearish momentum. For option 1 to be confirmed we need to see rejection from current level where market is sitting...
On the daily we see market failing to break fib retracement at 61%. Forming a possible double tops at fib retracement we may see a continuation of a bearish momentum to first target the neckline and possible further.
Market had a strong bullish momentum then broke trendline. We see where market then retested trendline after breaking it signaling a change in the bullish to bearish momentum. Looking for a sell now to target level.
Looking for market to complete head and shoulder pattern.
Looking for market to complete this harmonic pattern before selling as EURGBP has been long overbought.
Looking for market to retest structure before pushing to the downside to complete harmonic pattern ( Bearish Bat). Setting two targets as market could reverse from target 1 as investors gain confidence in the market due to the combat efforts of G7 to the COVID-19 virus.
On the hourly we see market reversing from a bearish momentum to key reversal level. On the lower timeframe (15 minute timeframe) we see market forming a reversal candle at 61% fib retracement forming a Cup Pattern. Looking for a short movement of market to form Handle to complete Cup and Handle Pattern to target 1487.
On the weekly we see a strong reversal candle at key reversal level (Major Support Level). On the 4H timeframe we see market continuing a bullish momentum. Waiting for a break and retest of resistance level to the upside before buying to target.
Gold current at key reversal looking to push to the upside. Currently it is at the same level it did back in December 2019 before a strong bullish momentum. Looking for a retest of structure to confirm bullish momentum. Should market confirm we may see a bullish market to 1800.
Market formed double bottom at major support level. signalling a reverse in the bearish trend. Looking for bullish momentum to 1800. Waiting for a retest of structure for confirmation as market could very well form triple bottom even though gold is not known to form triple bottom.
On weekly time frame we see gold recovering from a massive selloff to key monthly level similar level to 2012 ans 2013. Currently market is showing signs of a major reversal from bearish momentum with reversal patterns forming on the hourly time frame at major support level.Looking for a bullish momentum to 1800.
Weekly timeframe showing signs of a retest of resistance level which was previous support level. On the 15 minute timeframe looking for market to pullback to 0.95100 - 0.95200 region before resuming bearish trend to target 0.91800.
On the weekly time frame market is currently in a strong selling pressure region, the same as it did in 2016. On weekly back in January 25, 2016 selling pressure closed at 1.51268 with a strong bearish reversal candle at key level signalling a reversal which is now our current target. Overall we may see a continuation of bearish momentum to target 1.51268. weekly...
On the weekly market have not tested key reversal level 130.429 why I believe market still have bearish momentum left. On the daily there is a confirmation for this as there is still a strong bearish momentum. On the 15 minute time frame market bounced from reversal level 132.500. Looking for a small push to the upside to 133.000 - 133.200 region before market...
Market failed to break resistance level forming triple tops. Looking for market to push to the downside
Looking for market to recover from a long sell. Looking for a bullish momentum to 1640 and possibly beyond.
Looking for a strong bullish momentum on this pair after market closed the gap on March 11, 2020. There has been a strong bullish push following a fakeout on the daily timeframe ( ). Current market showing signs of break and retest of resistance level which may possible become support level today. Overall analysis is a possible bullish push.