professionalgoldtrader

professionalgoldtrader Updated 

If gold breaks 2946, the next target will be 2963-2977. However, there is also a possibility of a fake breakout, just like it did previously. When the market reached 2946 before, it made a fake breakout and then climbed to 2949. Now, it’s possible that it could do the same again before pulling back. At the moment, the market is trading within the 2933-2946 zone,...

professionalgoldtrader

Currently, USD/JPY is in a bearish momentum, meaning the price is moving downward. Once this bearish move ends, a bullish reversal is expected. I have marked two key zones where a potential reversal could occur. Potential Reversal Zones (Support Levels): 1. 146.500 - 147.500 → A critical support area where price may bounce and start a bullish move. 2. 143.500 -...

professionalgoldtrader

If 109.46 DXY is broken, it will undoubtedly reach 111.61. At that point, a bearish reversal could occur

professionalgoldtrader

Before XAU/USD moves bullish, it will go through a brief bearish retracement, reaching the levels of 2822 - 2812. After that, it will pull back and continue its bullish movement, reaching 2996 - 3012.

professionalgoldtrader

GBP/JPY will make a single bullish move before reversing to bearish, reaching the levels of 183.54 - 182.21.

professionalgoldtrader Updated 

GBP/JPY is expected to make a significant upward move. However, it is possible that it may first experience a bearish pullback as a market correction before continuing its bullish trend.

professionalgoldtrader Updated 

This chart shows that XAU/USD is currently moving within an ascending channel, with clear support at the lower trendline and resistance at the upper trendline. The market is currently resting near $2700, testing the upper trendline and the key resistance level around $2726.67. Key Levels Analysis: 1. Resistance at $2726.67: If this level is broken, the market...

professionalgoldtrader

Gold is currently making a very healthy retracement, which seems to be setting up for a bullish move. Right now, it’s trading around the 2891–2895 range, a key level that could act as a potential launch point for an upward push. However, there’s also a possibility that it could drop further to the 2833–2825 zone, where strong support might trigger a rebound. This...

professionalgoldtrader Updated 

Gold will reach 2946. At that point, a reversal or a pullback is expected, leading to a potential correction

professionalgoldtrader

DXY will initially move slightly bullish before returning to its correct bearish direction

professionalgoldtrader Updated 

will reach or retrace to the bearish trade zone around 2812-2824 before making a move

professionalgoldtrader Updated 

what I’m seeing here is a clear bullish breakout setup. Let me explain what’s happening: Wave Patterns: As you can see, the price initially dropped significantly from a higher level, but it’s now showing signs of recovery. This movement has formed a triangular consolidation pattern, which is highlighted by the yellow trendlines. Trendlines (Yellow Lines): These...

professionalgoldtrader Updated 

Harmonic Analysis: The GBP/USD chart shows a potential "AB=CD" or "Gartley Pattern" structure. There are clear harmonic movements forming an upward trend. The green line pointing upward indicates the completion of the D point, where we might expect GBP/USD to rise further after the "CD" leg completes. Opportunities and Risks: Opportunity: If GBP/USD bounces off...

professionalgoldtrader Updated 

Looking at this chart, the DXY is moving within an ascending channel defined by the two white trendlines. Based on my analysis, there are a few key levels to watch, especially the Fibonacci retracement levels. First, if the price starts to drop from the upper boundary of the channel, it is likely to retrace down to the 0.61 Fibonacci level. This is an important...

professionalgoldtrader Updated 

In this chart, I am analyzing the XAU/USD market, and I expect a brief bearish correction before the market resumes a strong bullish trend. Let me break it down: 1. Retracement (Pause): I anticipate the market will retrace downwards to the Fibonacci 0.61 level, which is around $2,630.79. This is a key level where markets often find support. 2. Bearish...

professionalgoldtrader Updated 

1. Key Level at 0.78 Fibonacci Retracement The blue marker at the bottom (190.650) represents a significant level where the market may find strong support. This level corresponds to the 0.78 Fibonacci retracement, which is often considered a potential reversal point during a downtrend. 2. Comparison of Moving Averages (MAs): The red moving average is currently...

professionalgoldtrader Updated 

The pattern I am analyzing is the Deep Crab Pattern, which is one of the key harmonic patterns used in technical market analysis. I’ll break it down step by step according to the Fibonacci levels and market direction: X to A: This represents a strong upward move that sets the foundation of the pattern. It is the initial leg of the movement. A to B: Here, we see...

professionalgoldtrader Updated 

1. Basic Structure of the Chart: This is a 4-hour (4H) chart showing the price movements of GBP/JPY. There are two Exponential Moving Averages (EMA) on the chart: The blue line (EMA 50). The yellow line (EMA 200). These EMAs are used to identify the trend direction and momentum of the price. 2. Gartley Pattern (Harmonic Patterns): The chart features a Gartley...