I have analyzed the strongest bearish rallies on gold since 2017.
What I noticed is that both the selloff of 2018 and 2020 made gold lose almost 15% of its value.
a new bearish rally that started in august has already corrected the price by 10%.
Even though the trend remains sharply bullish , it looks like we...
gold just reached a strong falling trend line .
for now we see a positive bearish reaction from that and this touch may initiate a strong bearish swing move.
I will pay attention to a support line of a bullish flag pattern.
in case of a daily candle close below its support, bearish continuation will be highly...
as we see in the chart we have micro gc in 15min . we noticed there are two historical resistances and a solide support , then it still going up since a couple of days , in the next few days we will see if it gonna break the first resistance or the support to go down
I think longer term gold will play an evil trick because, the fundamentals for golds rise have not gone yet. so when price collapses and makes a good daily buy in price, its best to think accordingly. find a set up on lower timeframe to long gold, for targets at 1950. dxy will fall again as its in downtrend, as traders its our job to make profit from this.
Hi traders and investors , if the price breaks the parallel channel and the resistance with the volume we will see a great rise and if the price breaks the parallel channel down of couse the market will go down
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 think my first two ideas were not upto scratch. i think looking back on 4h chart we can inverted head and shoulders with a pullback to the neckline, what is confusing right now though is the 4h pinbar and overbought accumulation on that particular timeframe. I personally believe the daily chart is still pretty bullish after making higher highs. so i love price...
we have a great breaking of the rectangle wich mean the market will go to the resistance (1) . so if the market breaks the first resistance (the target) it will go down to the resistance number (2) . So if you have a suggestion or advice leave it in the comments . and if you like my analysis break the 'Like' button s
I know that many of you are struggling with making long-term predictions on wti.
being fundamental trader or technician, the future right now is unknown.
the only thing that we must admit for now is that the market is currently consolidating.
we broke below the uptrend parabolic channel and now we are trading...
if the market breaks the resistance of the rectangle it will rise or , if it breaks the support of rectangle the market will go down .
So if you have a suggestion or advice, leave it in the comments And if you like my analysis, break the Like button