It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GOLD chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
Gold on CPI, selling off in line with the bearish data outcome, managing risk and adding to the position to breakeven while below key daily and weekly levels.
The gold is a strong bullish trend of wave C, the first target 2340 is reach, but never found the reverse patterns or signals so far, and we've hold this position over 57 days, gain 3500 pips The next target will be 2550!
Monthly is winding up for a big drop or huge jump. Monthly: Weekly: Daily shows price winding up potentially the rest of the year. So I will look towards year end for the fireworks, that will decide if our pent up momentum will release upwards or downwards. My gut says inflation will send it upward in the near future.
Hello,Friends! We are now examining the SILVER pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 25.756 level. ✅LIKE AND COMMENT MY IDEAS✅
By checking the gold chart in the weekly time frame, we see that the price is trading in the range of $2348, today we will have the CPI statistics, and if the actual rate is announced higher than the predicted rate, we can expect a fall in gold. I still don't see any signs of price reversal on the chart and I think we should wait for more powerful movements to...
The current gold K-line is too strong, and you can continue to go long after it falls back. At present, all the K lines are big positive lines. Even if they fall back, the big positive lines directly engulf the rise, and there is almost no closing negative line. This trend is a super buying trend. The daily line has been rising for almost a month. This trend is...
Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday...
Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday...
Hi all. Timeframe 1 day. ASRUSDT has formed a triangle, looking for a long break/retest. Goals on the chart.
Quick update on the charts pre-event. We'll keep it simple as for this, there is likely to be a lot of volume entering the markets on the release, and the movement can be extreme. A lot of traders are expecting this to pullback, and they may get the move, however, they could surprise everyone and continue this move to the upside before then bringing it down. We...
5000% THE BIG LONG AWAITED SILVER BULL IS HERE... Slow and steady wins the race. Every 20k from here is 1 milly... IN 37 YEARS 100k 5 milly... IN 37 YEARS 2061 before a major correction. There will be a couple 60% few year pauses. This market makes more sense to me nowadays than Bitcoin, or Stocks. Bitcoin and Stocks are speculative mania... Gold is...
Preferred direction: SELL Comment: The trading idea for gold , which was given at the beginning of the week, is still relevant in the middle of the week, when the market is looking forward to the publication of US inflation data . For gold , we are considering a medium-term outlook, which is highly likely to work out in favor of the seller. The most likely ...
Preferred direction: BUY Comment: Metals continue to be in the top news amid a new all-time high for gold . This metal remains a strong buy-priority at the beginning of this week, and a new high is expected before the long-awaited correction. It should be noted that in the longer term, one can continue to accumulate a short position, following all the...
Preferred direction: BUY Comment: Medium-term long positions for the AUDUSD currency pair are active, according to our previous trading idea for this instrument. In addition, short-term prospects also encourage active purchases, and with the opening of the European session, one can take a closer look at longs, especially those who did not manage to enter...
Preferred direction: SELL Comment: We continue to consider metals as part of medium-term sales, but there is no good reason to enter yet. Of course, one can gain a position with a small volume using a "step by step" system. In the short term, silver and gold are likely to strengthen again. Thus, silver will update the local maximum, and gold will update...
Preferred direction: BUY Comment: Visually, the technical situations for the euro and pound look as similar as possible to each other. Here, too, the buy-priority remains, and the nearest target for this week is located at the level of 1.27000 . The growth potential is even higher, but setting a target above the level of 1.28000 would be a rather...
Preferred direction: BUY Comment: The New Zealand dollar copies the situation with the Australian dollar. Here, we also continue to adhere to the previously outlined long scenario and have almost already reached the target at the level of 0.60713 . Today, it is relevant to consider short-term purchases with the same target at the level of 0.60713 . There...