Currently on the hour timeframe there are signs price is overextended to the downside and maybe due for a pullback into resistance at the Order Block. Once price hits the OB expect price to go lower to take profit target. Also price is forming a possible head and shoulders pattern too. Please manage your risk carefully.
Due to a strong dollar on the larger timeframes on the DXY. I'm expecting GU to move further down. Currently on the hour timeframe there are signs price is overextended to the downside and maybe due for a pullback into resistance at the Order Block. However, if price creates a new low before retesting resistance at the OB then the trade will be invalidated....
Price is currently trading range bound in a rising wedge and should rally into resistance at the OB during the Asian and then reverse during the London session. A simple 3 to 1 ratio for you
Expect price to pull back into support before we rally higher and test resistance at the Take Profit target. A nice simple 3 to 1 ratio for you
Price is showing signs that it is topping out, through a rising wedge forming on the 4 hour. Volume has also been decreasing whilst price has been rising which indicates a correction is due. Price should retest resistance at the Order block then retrace for a few days until it finds daily support which could be around 144.454
After gold's attempt to hit new all time highs expect a pull back to levels of support at 0.382 fib levels. Expect a few days of consolidation before we look to make a move to all time highs within the coming weeks. I urge caution with Lot size as this is a swing trade
I expect price to rise before getting rejected and we head further lower. to my target of 1950.50
Gold price seems to be trading in a head and shoulder pattern. The weekly timeframe also indicates that we are trending bearish. On the weekly timeframe we also have an inverted hammer (25 Dec 2023) which further confirms we are in a bearish trend. The safe trade is displayed on the idea. The aggressive trade is shown below in the image. idea
Due to the economic news expect a small pullback lower, with price rising significantly higher for the rest of the week. Entry and stop loss are shown in the image below
Price to continue and drop to approx. 1680 and then bounce and breakout to new all time highs
classic head and shoulders pattern with a potential 190 pip gain
currently trading within a wedge pattern, current prices present a buying opportunity before actual breakout begins.
Bitcoin is about to test a key trend line which also caught the market low in 2020. I expect this key level to hold and act as support and soon bounce higher. This is an old chart which I designed back in 2020 April also got the market high in 2021
I'm already in a long trade in gold from 1774. Here is another chance to get into a gold trade which is due to breakout from its pattern at $1828. Be careful with position size as this is a medium to long term trade to hold.
Silver due for a pull back to complete the inverted head and shoulders pattern. The long target price for silver is $28
Noticed a trend with bitcoin between now and 2013. Cycle may repeat with a possible drop in October before we have a continual rise based on 2013 chart.
Dxy currently trading within a rising channel. Possible breakdown to occur this month or next. Yellow trend will act as strong support. Dxy is also trading in a long term rising channel based on the image shown below which shows the dollar will eventually rise in the long term