Looking at the chart we can see two possibilities with this pairing.
One being we come down a bit more and look to get into a buy position on touch of the trendline, or, price continues to push on and we can look to get into a sell position on the 3rd touch of the bearish trend. At the moment it is in the middle of the market so nothing to do just yet. Be patient.
I hope everyone has had a great weekend and you're all getting ready for another profitable week like me 😎
This is as simple as it looks but I will break it down for you. My 71% to 76.8% Fib Retracement golden zone aligns perfectly with that footprint in the imbalance I've marked.
Most retail traders will see those equal lows and the bounce from 50% to 61.8% and...
This is the only support i can see as bulls have taken full control of price, so any support is good support! Price is rocketing and quiet rightly so in these times of economic uncertainty, As you should know GOLD price feeds on FEAR meaning in times of uncertainty people invest in gold as a safe haven therefore price rockets like it is doing now.
If you need to...
I can see bulls pushing price higher from my support zone, as you can see i have a support zone marked at 10500 just to show you how well price respects key levels, bears pushed price down into this level before bulls quickly pushed price back up creating this spike (long lower wick)
As governments are pushing for a cashless society i can see cryptos becoming...
Price is still in an uptrend
Price Touched the lower trendline
At 15mins chart price created double bottom with long wick rejection
2nd candle taking out first candle
Price crossing 15mins EMA and finding support at previous resistance level
Price at support level which was previous resistance level
Could we see a push down to 1980 before bulls push price through all time highs again?
1980 was a good strong support and resistance level for some time then price smashed its way through without retesting this level as support and most the times when a strong level is broke price will re test the level before moving in the way of the breakout.
Now as price is...
One technical double top reinforced by the monthly fractal as resistance forged at 102.99 - The pattern requires validation below February lows (88.25) and it should target the 200% extension below (75.87), converging with the major 88% fib retracement level and the previous structure lows from 2011;
The inverted head and shoulders ( as a trend...