khurshnarm

khurshnarm

Classic Wyckoff accumulation chart played out for XRPUSD.

khurshnarm

Gold is bouncing in a parallel channel on daily. But I'm publishing weekly chart, because this is where the price action is clear to see. If gold breaks down through 20 ema (purple solid line), next support is weekly 50 ema (yellow crosses), as it has reacted on strong support in Mar'20 - expecting the same at least for a bounce.

khurshnarm

Just a ratio

khurshnarm

Strong brake out from diagonal resistance - on the way up!

khurshnarm

from hidden bullish divergence it seems like going to break out from that long term diagonal resistance line only to go back down to find support only at historic levels..

khurshnarm

About to retest the neckline and head to $34-35 target area.

khurshnarm

They intersect on 28th Jan 2019. Gold will not have any easy time pushing further these lines.... Berrrrish af.

khurshnarm

It must breakout neckline - so far it got rejected, let's wait if it can go past it and wait for retest of it for the entry. Looking at volumes, right shoulder spiked on much smaller volume than the volume printing head. Tbh, I have doubts it be able to breakout easily.

khurshnarm

Seeing so many Bearish opinions on TV, I'm suggesting opposite view - Bullish ascending triangle with breakout and retest of the resistance turned into support.

khurshnarm

Gold broke out to the upside from rising wedge and facing resistance from July levels. Usually price continues downside from rising wedge, but apparently goldbugs are way too excited and think it's doom and gloom time already. Expect lower levels.

khurshnarm Updated 

$ODEM completed Cup&Handle formation, and the blue rectangle is the target.