Gold could see limited upside here before it reaches the resistance zone highlighted at 1898.23 - 1900.62. At this area, we could see a trend line breakout and retest and this level lines up with the fibonacci confluence area as well. What are your thoughts on gold?
Again, very much the same as what we have here for ETHEREUM, a break above 2100-2200 and relevant H4/D1 close before a subsequent pullback would be perfect confirmation that we are back bullish bias again.
Breaking out of our bearish consolidated trading zones and climbing higher, good signals for long trading and investment additions. 5R up to previous high.
Gold is likely to see a retest of 1884 area before a roll over targeting 1850. A break above 1884 will make this trade invalid.
DXY (USD Currency Index) has broken above 90.200 with a strong bull run which shows us strength in the USD in the short term at least, potentially moving into the longer term.
This position is an Intra Day - Swing depending on market...
The instrument is in an upward price channel .
Ahead of the trend is strong resistance - the February price peak 1.4242, followed by the historical target - 1.4375, which the currency pair should reach in the near future.
Now we expect the end of the correction and a rebound from the support of the price channel to 1.4242, a breakdown and growth to the...
The growing trend within the growing channel remains relevant.
We have clear boundaries of the price channel , the instrument respects them.
At the moment, there is a small correction from 1.2218 to the upward support, which intersects at 1.2177 with strong historical support.
I expect the instrument to consolidate at the support level at about 1.2177...