XAU/USD is the label for spot gold traded on the foreign exchange market. Gold (XAU) is traded against the US dollar (USD), and its price represents the cost of one ounce of gold in USD. XAU/USD is traded on the forex marketplace like any traditional currency pair.
The dollar remains strong and as long as it climbs the AUDCAD is going further down. At the moment the triangle scenario seems a little bit more favorable as compared to a regular wave B up. Until further notice I remain bearish on AUDCAD!
In the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time. 💎 But now a multiple compound correction has occurred as seen in the chart. 💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ...
A start of one more beautiful chart. Last week, bought a healthy bag in $OM. #MANTRA is going to be big as the team is doing crazy developments! LFG🚀
the current price 2300 zone is good support and a bounce is expected as per D wave system. This is not a financial advice.
Meyer Burger has faced an enormous uphill battle ever since the shift from being a company known for manufacturing machines for solar panel production (and more...) to combining everything under one roof and sell mainly solar panels. The market reacted very positive to begin with but huge inflow from subsidized and therefore cheaper chinese solar panels made it...
Comparing SPX on the left with UVIX on the right. If UVIX double bottom can hold price above 8.37 and SPX can break below price of 4953.56, I find it highly probable that the top of equities is in. If UVIX at any point breaks below 8.37, then any breaks of SPX below 4953.56 would like be dip-buying opportunities. If UVIX breaks below 8.37, then it is also possible...
Hello,Traders! GBP-CAD went up and The pair is locally overbought So as the pair is approaching A horizontal resistance of 1.7236 A bearish reaction is To be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBP/USD is extending losses toward 1.2500 in European trading on Tuesday. A cautious risk tone and a decent US Dollar comeback weigh negatively on the pair. The focus now shifts to mid-tier US data amid a data-light UK docket.
Gold price (XAU/USD) remains depressed heading into the European session on Tuesday and is currently placed near the lower end of its daily range, just above the $2,320 level.
This is my chart for the current BTCUSDT correction. Seems to have started off as a simple ABC and then morphed into some mutated mess of a correction. The first impulse failed and we are in a second ABC (C wave target 0.764 to 0.854 in cyan and orange respectively) with the final stage apparently a WXY where the Y is an expanding ABC (target 1.618 in blue). All...
-Hello Traders, Price had consolidated for a longer period and recently it broke out due to a strong bullish momentum, recent price action indicated that we are on the verge of reversal on #btcusd. what do you think?
It looks like we have an impulsive count to the downside for a C or 5th wave. I'm looking for the Green 5th wave to extend to the deeper fibonacci target of 278% after a decent 4th wave bounce... but first it needs to complete blue 345 to the downside. Deeper Targets possible - will update the idea as it progresses.
Almost clear where it's going to it's just how it gets there... Quarterly Theory - IPDA over the next week or two maybe the only answers left??
Hey guys and girls, Here is an updated chart from my (Feb 29, 2024) post. Technical Section: Wave 3 < 161.8% of wave 1 Wave 4 = 38.2% of wave 3 (Wave a = 38.2% of wave 3, It did) Wave 5 is probably too large Extended Wave 5 (Target 2 ) = 100% x length of (beginning of Wave 1 to top of Wave 3) (Extended Wave 5 = 161.8% x length of (beginning of Wave 1 to...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck