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I will begin NASDAQ ZeroMarket US100 Chart Analysis for October 21th .
This is a 30 minute chart short position strategy.
Check the green resistance line / blue support line convergence.
And , Pay...
Expecting a Push back higher towards the 1930-1950 region on Gold (XAU/USD), Technical & Fundamental Confluences are being demonstrated, forming a Ascending Trend Zone on the Hourly Time Frame, Secondly we should look to retest the Descending Trend Line starting from the $2000 Region. Along with the Presidential Elections nearing, generally we see Gold strength...
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1851.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
While the RSI resistance #1 at 62 is not broken, the probability of price increase...
XAUUSD 21% before rise. My analysis assumes that the XAUUSD 2x ATR rises. The current under construction fractal is exactly twice the first fractal motion trajectory shown in the figure. In case the analysis is correct then the rising track target price is 2309 usd.
While the price is below the resistance 46.50, resumption of downtrend is expected.
We make sure when the support at 38.90 breaks.
If the resistance at 46.50 is broken, the short-term forecast -resumption of downtrend- will be invalid.
A trough is formed in daily chart at 38.90 on 10/02/2020, so more gains to resistance(s)...
Jobless claims up by about 5 percent on top of dxy extension could be a good time to short the dxy by going long on metals. similar price action occuring at a similar level in price, daily is still accumulating so im looking for buys this 4h candle looks tasty.
I'm thinking, we might see one more push to this channel, although $42pb is a big ask, then a possible drop to $36pb. This coincides with the large megaphone S&P500 resistance pattern.
Due to a rise in new cases of coronavirus, there is lower demand for oil and reserves will begin to increase. Over supply and low demand could pull WTI down.
With jitters from US...
While the price is above the support 19.65, resumption of uptrend is expected.
We make sure when the resistance at 26.20 breaks.
If the support at 19.65 is broken, the short-term forecast -resumption of uptrend- will be invalid.
The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.