Seasonality, gold is favoured to be bullish in July and August with great average returns. Statistically, there is 65% chance that gold will end the month positive than negative, it's even better for the month of August with a 68% probability of ticking up!
Having said that, gold's channel is weakening on H4 and may decline. A break below 1790 may cause gold...
The instrument continues to adjust to support.
The level is strong and after such a movement,
I suppose that there are few chances for a breakout, so at least I expect a rollback, but it is still possible to change the local trend to an upward one.
The goal is resistance.
5 / 5 last EURUSD ideas come TRUE
Medium Term analysis on MATIC USDT, based on the idea that Bitcoin will not sustain the downward ranging pattern we are forming at the moment.
MATIC found strong support at 61.8% fib level and Anchor VWAP from the lows off 0.3 cents, meaning that bulls want to take control of the chart.
An AB=CD harmonic pattern is not out of the picture, putting us testing the...
Sometimes one needs to take a step back to see the bigger picture on what is going, to learn from the past and start making plans of actions on what to do next ✌
1929 Crash (Wikipedia article)
1987 Black Monday Crash (Wikipedia article)
Following log chart from previous halving cycles, recent correction shows similar pattern to previous, dropping to similar log Fibonacci level. Expecting continuation of trend to peak 180-280k levels between Sep-Dec before 'blow-off top' and mean reversion.
My opinion is that dax30 will continue this almighty bull run for another couple of weeks and will end up in the 156xxs area before pulling back to test the last support/trend lines.
Very simple analysis, clean and with a controlled risk. Nice gains can be made.
NOT FINANCIAL ADVICE!
First, at the end of February, the price broke through the resistance line at 0.730, and after returning to the trend, it collapsed and now made a false breakdown of the support line at 0.719. This line has been in use since June 2020.
The price has already tried to break through it, but it still returned to the trend. Therefore, now I expect that first...
Markets have not been respecting levels very well this month, however we must go on.
Got a nice level here, its been solid support and now resistance.
There was also good volume on the breakout of this support
Nice 1:1 trade
Statistically/Seasonally, gold and silver for the past 5 years always end the last 2 weeks of the year bullish. If similar scenario will play out in 2020 last 2 trading week, then, there is high tendency for gold price to rally towards 1950 before the year runs out...
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPAUD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...