Following yesterday’s sell-off, spot gold attempts to recover and resume the ascent, with prices fail to show a robust bullish move since mid-February, when the current downside correction started. Since the start of the week, the yellow metal can’t regain the $1.320 mark which is the key obstacle for bulls now.
The local recovery attempts are limited by the...
CHART TIMEFRAME : H4
INDICATORS: EMA50 & EMA100
CHART PATTERNS: Double Bottom and Potential Bearish Harmonic Pattern to be completed at D Leg. - Fibonacci 88.60 of XA -
NOTES: 63.00 Neckline of the DB
AREA OF ENTRY: Current Level and Possible Retracement EMA50 Support.
Details as described on the chart.
DISCLAIMER: This is a technical analysis study, not an...
I believe Silver is an underrated commodity which has been now under the shadow of a correction for far too long. We remain into a very interesting lateral market for Silver, but the weekly chart indicates that this trend may finish in 2018-2019. Despite the big manipulation of some commodity price by big institutions, the price of certain assets like Silver,...
We were calling an up and down move since last week for WTI (Crude Oil) so we entered a LONG position targeting at 62.30 for a first.
We expect oil to move around 64 and then go back to 55-56 levels. As you can see in the chart, a downtrend channel is probable.
Let's wait for confirmation before doing anything.
XAUUSD is at a Major Resistance Area , Price Seems to always reversal going in a bearish within that area however the market has disrespected the trendline by price breaking out of it , it could possibly go in a bullish direction towards the Resistance Zone! if so , price would retest back on the trend line and head up!
I wouldn't place a trade on XAUUSD at this...
The chart preparatory. I do no predictions. If the situation with CUUUSD unfolds I will assess it carefully to decide at that point whether I go long or short.
At the moment CUUUSD is weakening on the daily charts having reached a key inflexion point on the weekly time frame. This is not surprising.
Some traders want to know in advance whether price is going...