Buy zone area is 24.55 to 24.45. TPS: 24.70 and 24.97 Stop loss 24.20 Every system has a limitation
Gold (XAUUSD) prevailing between Rising Channel. wait for little drop at 1874 and buy it. Target is 1882 and 1892. weekly Target is 1901 Stop should be below 1866. Good Luck!
Technically Crude Oil (WTI) is at conflict area where Trendline and HMA. Sell from current price at 41.20 Stop should be 41.75 Initial Target is 40.80 40.20 and 39.60 Reasons: API inventories rose by 4.2 million barrels last week. Latest wave of Covid 19. OPEC and its allies failed to give clear output policy.
Confluence Area at $1872 where Trendlines intersect each other and 20EMA is a little barrier for Gold. My thoughts Gold might be possible consolidate around 20EMA before UK & Tokyo overlap session or Spike when Tokyo session starts. Whatever, all indicators shows Bullish Bias. Recommendation: Buy at 1874 to 1872 Area. TP: 1886 and 1895 Stop should be below...
Sell at current price 3545 take profit at 3502 and 3465 Stop should be 3575 Every system has a limitation!
Two major trendlines Intersect with each other in Daily Timeframe.. Also looks like H&S and in Weekly Rejection of Double is also a Major clue. Market Creates 4h candle below Hull Moving average..✌️ DONT MISS RIDE😎
Whenever the market drops like yesterday the gold market dropped after Covid 19 vaccine news and after that everyone wanted to know how far his recovery would be and when. In this situation when you have no support and resistance you can use 20 EMA (Fast moving average) as a speedy recovery and 50EMA as a Medium recovery and considered as a another...
As you seen in the chart Bullish wedge Trendline and lower Trendline Intersect at important Fibo level $1834. Two major Resistence ahead 1870 and 1888. Recommendation will share soon.
Best buying zone area is 1.3080 to 1.8050 Pivot point 1.3063 Initial Target is 1.3176 is also called confirmation for buying. Targets are 1.3273 and 1.3388 Stop should be below 1.3020 (fibo) Every system has a limitation!
DXY creates H&S in Monthly time frame and also broke the Neck. you can clearly see price action in chart. Initial Goal: $91.11 $87.14 and 83.24 Scalpers and intraday traders stayaway. Think big have big! Good luck.
Weekly PP area is $1928. Important Fibo level is $1935 Correction Cluster Area is 1928 to 1917. Turning Point for buying is $1962. Recommendation for Buying: Wait for a little pullback to $1935 to $ 1928 (Buy Zone Area). or If breaks $1928 than market enters into Correction Cluster area. Goals: 1962 1983 and 2015. Good luck!
Yellow Metal appears to have finally geared up enough momentum to return to rallying, after having bounced off the top of bullish wedge and also formed a double bottom. Technical clues: Rejection of Double bottom. Bounced off the Bullish wedge. Broken structure of conflict area (50EMA, Trendline and Key level 1910) Strong bullish Momentum (Price action) Created...
wait for break of conflict area. Dxy towards next Higher high.
Hi Traders! According to our previous Analysis gold formed a false breakout and rejected by Trendline of (B) at $1927. After that it came back to its previous levels and placed 4H below and Trend line (A) at $1910. which is also called Conflict area of 50EMA and Trendline. Clues we need: Rejection of Conflict area.(Price action traders activates) Need...
Hi Traders, GBPUSD creates H&S in Daily and shows some Bearish bias. Clues: Divergence in RSI in D1. Left shoulder shows Price action after weak Run. Creates Double Top (Not mentioned in chart). Conflict Area of Hull Ma. Rejected in 4h Rising wedge. Initial Target is 1.2690 ( Breaks and confirm) Goals: 1.2440 and 1.2200 Every system has a limitation!
Hi Traders! Technically: Gold didn't placed 4H above previous key area of $1927. Moreover, when gold goes up, It creates proper legs and consolidation phase. So. You can see in charts, Gold was moved very artificial. Daily candle should be close below 1917 for some bearish bias. Initial Goals are 1910 and 1891. Fundamentally: Last friday trump raises stimulus...
Hi Traders! Gold placed last week $1930 High and also created perfect Marubozu in Daily time frame. But respected Trendline which intersect Important fibo level at $1935, which i consider a Turning point for Gold. Two Scenarios: For Bullish! if it breaks conflict area of Trendline and Fibo at $1935 and placed 4H. Goals: $1949 and $1968 and $1980. or For...