mamnunamalik

mamnunamalik Updated 

Gold will follow this channel and there will be 12345 Waves inside of it. Keep your eyes on it.

mamnunamalik Updated 

All I can find a falling wedge and price is moving up from FIBO 78% and also an order block. I am still holding my GOLD buy.

mamnunamalik Updated 

Dear Fellow Traders, Why do I think like this? What are the reasons behind it? I am going to breakdown all of these. Part A (Price Action) 1. Price had made last Higher High (2067) on 4 May 2023 2. Price had made the Major CHOCH (Change of Character) by breaking the previous Higher Low (1969) on 18 May 2023 3. So the Major CHOCH order block sets at...

mamnunamalik Updated 

Yes I think so. No need much explanation. The Buying Zone: 1.26734-1.26954 Target Zone: 1.30295-1.30494

mamnunamalik Updated 

A possible DXY short from the zone (102.591-102.775) Target should be (100.551-100.721)

mamnunamalik Updated 

Hello traders, In day chart GOLD is making an inverted head and shoulder. Will GOLD reverse and break the neckline? Share your comment and boost for more analysis. I will provide the break down of other time frame chart in this analysis so don't forget to follow.

mamnunamalik

A good long opportunity Buy Zone: 0.53213-0.53264 Target Zone: 0.54111-0.54191

mamnunamalik Updated 

Nothing much to explain. Chart has formed a Bearish Rising Wedge and completed all 5 waves into it. Price is currently at a strong supply zone (0.87898-0.88014) Price seems like bearish so far. I am selling from this zone.

mamnunamalik Updated 

A possible trend reversal may happen of GOLD. We can see it is currently forming an inverted head and shoulder pattern. if it breaks the neck line then we can assume the price may move up to 2000 zone in long run where it has left an unmitigated order block while getting down from 2045 zone. Again if the price fails to break the neck of IH&S and fall below 1900...

mamnunamalik Updated 

Hello traders, There is a battle going on between the Bull and the Bear. So what is my expectation or what does probability say for upcoming week trades? Lets begin. We saw a massive impulsive downward move from a key order block last week including positive GDP and Unemployment claim as well as FED raise their rate. On Friday, Core PCE news came neutral in...

mamnunamalik Updated 

What's next for GOLD? Price has completed all its 5 waves so far. Today after positive unemployment claim price began to fall. Will this fall continue? As I have mentioned before price will be Bullish till 26 July and I am still with this statement. Price will execute more orders at the zone (1977.890-1984.695) and fall to zone (1945.840-1955.670) or the zone...

mamnunamalik Updated 

In 4 hour chart we can see a bearish momentum is continuing from the MAJOR CHOCH ORDER BLOCK (103.383-103.910) after getting all the liquidity of the inducement level (103.143-103.337) but now the price is near the MINOR CHOCH ORDER BLOCK (102.006-102.212) The price may pullback from this zone and get more orders from the new order block (102.950-103.184) and...

mamnunamalik Updated 

As we saw from my last analysis the GOLD has broken the neckline of inverted head and shoulder and started a bullish movement. A poor CPI let this happens. So where will be this precious metal next destination? In 15 minutes chart, GOLD has completed the wave 12345 and did ABC correction. C zone (1955.335-1957.310) looks like a buyers interest zone. Price may...

mamnunamalik

Weekly chart break down: 1. Price is currently near at inducement level (1.31200-1.32988) 2. It will break this zone and move towards unmitigated BOS order block (1.35323-1.37489) 3. Then fall towards CHOCH order block (1.11468-1.13749) This is what I can see from GBPUSD weekly chart. I will wait for the price till reaches that unmitigated zone before price...

mamnunamalik

Possible scenarios of OANDA:XAUUSD : Either it will go 2000+ by holding its Impulsive 5 (White) Or it will drop to 1870 by holding its Impulsive 5 (Yellow) As we know FED has announced they will look for double interest rate hike if the inflation will not come under control so we may see a bearish momentum continues. All depend on the 26 July FOMC meeting. I...

mamnunamalik Updated 

OANDA:XAUUSD price tried to break the key level of 1940 but failed again. In 30 minutes chart we can see it has made a new Lower High in stead of Higher High. A minor change of character happens. Price may move up to the Minor CHOCH Order Block (1938.265-1940.280) and grab all the liquidity inside the Inducement zone (1929.420-1930.805) from dropping there. A...

mamnunamalik Updated 

One EURUSD fall can lead a 250+ pips. Price may drop from the unmitigated order block (1.09798-1.10037) A drop to this zone (1.06618-1.06828) can be possible.

mamnunamalik

Either the price moves back to the ZONE (0.67880-0.68046) and fall to the ZONE (0.64583-0.64944) Or VICE VERSA