1.usoil is curretly trading near its weekly resistance 2.daily trend is still lower high-lower low 3.we are getting rejected from a descending trendline 4.we had formed equal lows, which may be grabbed soon 5.to the cnfluence we can also see a rejection of 0.50-61.8% retracment
WE HAD SEEN A CLEAN MOVE TO THE SUPPORT IN US30 1.WE ARE NOW AT THE PREVIOUS NEARBY SUPPORT 2.ALONG WITH THE CONFORMATION OF 400 EMA AND 0.5 RETRACMENT BUYING AT THE SUPPORT ALWWAYS GIVES A GOOD RR RATHER THAN THE BREAKOUTS
WE CAN SEE SILVER NEAR SUPPORT, WE CAN SEE A BUILDUP NEAR IT BREAKDOWN OF XAGUSD HAVE A HIGH CHANCE BUT FOR A BULLISH SIDE WE ARE NEAR THE TRENDLINE SUPPORT ALONG WITH 0.618 FIBBO LEVEL SUPPORT WAIT FOR A UPSIDE BREAKPOUT
DAILY TF:- BEARISH 4H TFD:- BEARISH I HAD PREVIOUSLY SHARED ABOUT THE RISING WEDGE ON 13 JULY 2021 N WE HAD GOT THE SAME MOMENTUM FROM THE RESISTANCE OF THE WEDGE I GUESS WE CAN SEE A BREAKDOWN OF THE GOLD PREETY SOON
1.1D TREND-BEARISH 2.4H TREND-BEARISH 3.1H TREND-BULLISH -WE CAN SEE A RISING WEDGE PATTERN IN XAUUSD IN A HOURLY TF WITH A COMPLEX HEAD N SHOULDER FORMATION SUPPORT LEVEL=1794 RESISTANCE LEVEL=1812 ABOVE 1820 WE CAN THINK FOR BULLISH TRADES BUT FOR THIS MOMENT LETS BE WITH TREND N SELL ON RISE
TREND:-WEEKLY-BULLISH DAILY-BULLISH WE HAD GOT A BREAK FROM THE MAJOR TRENDLINE IN DAILY TF!!!! -NOW FORMING A GOOD ASCENDING TREIANGLE IN THE DAILY TF -WE ALSO GET TO SEE A FIB SUPPORT OF 0.382 IN REECENT TIMES
TREND:-1D:-BULLISH WE CAN SEE A INVERSE HEAD AND SHOULDER ON USOIL ON A 2H TF A BULLISH CANDLE CLOSE ABOVE 74.76 CAN MAKE A GOOD BUY TO THE WEEKLY RESISTANCE
MONTHLY TREND:- BULLISH WEEKLY TREND:-BULLISH --WE ARE ON PHASE D ACCORDING TO ACCUMULATION STAGE --WE MAY SEE A CLEAR UPMOVE IF WE CAN TAKE OUT THE 1796 LEVEL, WE CAN SEE A TRIANGULAR PATTERN AND INVERSE HNS ON 4H TIMEFRAME, WE CAN ALSO SEE PRICE REACTING FROM 0.618 LEVEL
MONTHLY TREND:-BULLISH WEEKLY TREND:- BULLISH -DON'T KNOW ABOUT FUNDAMENTALS BUT IN MY VIEW WE CAN SEE AN INVERSE HEAD AND SHOULDER PATTERN WHICH IS A REVERSAL PATTERN ON 4H TF ON GOLD,WHICH SUGGEST A BULLISH MOMENTUM IN UPCOMING SESSION -WE CAN ALSO SEE THE 0.618 LEVEL OF FIBBONACCI ACCORDING TO DAILY TF GIVING A SUPPORT TO GOLD -WE CAN ALSO SEE WEEKLY...
ACCORDING TO TECHNICAL BASIC, WE CAN SEE SILVER CREATING A SYMMETRICAL TRIANGLE IN DAILY TF,WE CAN ALSO FIND A HORIZONTAL SUPPORT AND 0.618 LEVEL SUPPORT AT THE CURRENT LEVEL OF SILVER BUY THE FEAR,
we can expect a higher move in the daily TF ofcourse the smaller tf are preety negative but always remember,lower tf folows the highe tf n its also in an oversold area in smaller tf