FX:XAUUSD continues to form correction. Price has been breaking through support since the open and is testing the key liquidity area formed on Dec. 4 $2,145 - $2,150 Overall, the price is not ready to go above the made high. Yes, there was an earlier breakout of the resistance level from December 2023, but there seems to be pressure from the resistance side...
FX:XAUUSD is updating the global maximum. The distribution stops. The market goes into correction state. But, what is also interesting, a setup is forming on the chart, foreshadowing a support breakout. Let's briefly discuss the current situation in gold, without a long rant. The upcoming week is full of news. FED & FOMC meetings and Powell's speech are the...
ICP looks very strong from a technical perspective. We can see that we have started this whole uptrend with an impulse wave 12345, which is very good to see if you are an Elliott Wave trader. We are now in a corrective phase, and usually we want to see a liquidity sweep below the previous wave (4). In this case, below 8.5 USDT - that would be a great level to buy...
FX:XAUUSD continues to trade within the counter-trend correction channel. Another resistance retest is being formed, and the market is under pressure from the resistance. Gold has a neutral-negative fundamental background due to a wave of positive news in the US market. The dollar is strengthening a bit, which generally forms a resistance pressure on the...
FX:XAUUSD is in the correction phase. A range between 2195 and 2145 is forming. On the local timeframe, the expected correction range is formed, and at this time the price is testing the psychological resistance level. The growth of gold stops. The price does not reach 2200. Obchms are declining, price is forming a consolidation or even a trading range. On H1...
I am giving you this information in advance! Just before a huge pump that is going to happen very soon. Why? We have a very long accumulation phase by whales on the weekly chart (670-day). Usually, after such a long time, there is a great expectation for such a move. From the Elliott Wave perspective, we have a bullish (1)(2)(1)(2) combo (nest) which is pretty...
FX:XAUUSD is consolidating above 2175, but at the same time a descending triangle is forming. Theoretically, price should break support, which will form a false break of 2175. On D1, volumes are declining, price is stopping after a strong rally. On H1, support 2175-2175 is formed and price has been squeezing towards support for a few hours, which increases...
FX:XAUUSD has been trading quietly since the opening of the session, but after a strong growth the price starts to stop. 2195 - 2168 actual consolidation. It is necessary to follow the reaction of the price to the flat boundaries. The market today without news, trading can be quite calm. The dollar index is testing a strong support area, the shadow of...
FX:USDCAD demonstrates an attempt to change the trend on the background of weak USD fundamentals. The Canadian is strengthening on this background and this phase may continue further. Globally, the currency pair is in the range of 1.32 - 1.38. Trading is taking place between intermediate strong levels. Buyers are still unable to overcome 1.35, as the dollar...
FX:EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area For two weeks in a row the dollar index ( TVC:DXY ) is trading with a negative fundamental background, which is quite favorable for the euro. As the price is inside the...
FX:EURUSD is forging consolidation within the ascending channel after the breakout of the local trend. This setup may be aimed at further growth towards range resistance. On D1 we see consolidation forming above the key support at 1.07958. A rather strange paranormal volume was drawn on Thursday, which is difficult to interpret in the current environment. The...
FX:XAUUSD continues to test the highs. Price is trading above ATH 2023y. Bull Run may not be permanent, market maker may form a false resistance breakout amid distribution exhaustion. The exhaustion of the strong rally can be seen on this chart. Price is at its highs after a strong rally. It is not profitable for the market maker to let everyone make money...
BINANCE:CHZUSDT has been in the stage of forming an uptrend for the last half a year, but lags behind the general movement of altcoins. But, the coin is testing trend resistance, the break of which may give a surge of volatility. On the weekly timeframe, the market has obviously formed a bottom at 0.05, after which a reversal set-up with a positive long-term...
FX:XAUUSD is breaking through strong resistance and testing the 2050 area, favorably influenced by the fundamental background from Thursday. The market is trying to move into a bullish phase, but globally the price is held back by a huge sideways flat. Idea from 29.02: GOLD → Consolidation is narrowing. The calm before the storm On H4 we see the price...
FX:XAUUSD is holding strong, yesterday's economic news also supported the price. The price of metal forms numerous retests of resistance, as well as forms a pre-breakdown consolidation. The complexity of the situation is that we have a very narrow range and within this range the market maker will gain liquidity by any means, but sometimes there are...
FOREXCOM:XAUUSD does not reach the resistance zone. Another strong seller appears on the market. The market pressure is formed and the price of XAU forms a set-up that predicts further decline to the range support. Today at 13:30 the US GDP will be published. Analysts expect GDP to decrease by 1.6%. But based on the general data there is a possibility that...
FX:GBPUSD on the background of the bullish trend is forming a correction, which is within the descending channel. We have prerequisites that indicate the soon end of the set-up and the continuation of growth. Last week the price tested the resistance of the channel with a false breakdown, but it did not happen what everyone was waiting for. There is no fall...
Technical analysis In the previous analysis on GTAI 7 days ago, I recommended buying GTAI at around 2.2 USDT per coin. The current price is 4.0 USDT, which is a great profit. Can this coin go to 8.0 USDT in 1 week or 2 weeks? I think this is definitely very possible. This is my new, fresh analysis of GTAI. As you can see on the chart, the price broke out above...