FortXau

FortXau

Dollar will retest and find support to go and fill the gap above before making its decent lower.

FortXau

Breakout of chart pattern and dollar is going to drop which will push gold higher.

FortXau

Xauusd has broken out of the channel it was in which looked like a bearish flag, it's also trading below the 200 MA, after breaking out the channel the market did a retest of the channel and at the same time it touched the 50% fib and rejected strongly off of it, I see the dollar going up and Xauusd going down.

FortXau

Here we see the market is above the 200 MA, it's, we have a retracement to the 38.20 fib level and then a move up so it is highly probable that the market will break the previous high and breakout of the daily channel.

FortXau

Market has been creating somewhat of a bearish flag and within the bearish towards the current structure of the market its touched the 15m trend line in place which is holding the movement bearish heading towards the lower level of the bear flag, confirmations will have to be in place, look for pinbars and price action patterns. So on the 5m I am looking for a...

FortXau

Nas100 Daily analysis On Nas100 we could have a push up on the open of the market to the level of resistance above the current point in the market to drive it down to retest the previous level of resistance which is now support before going higher up into the megaphone pattern.

FortXau

Rising wedge on H1, monitor and execute.

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Bearish divergence on H4, market could push higher but from my point of view it's losing momentum...keep an eye out for the trend lines, the Grey is the first phase and the green is the second.

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Currently on the weekly we see that gold has broken through the upper trend line and came back down to retest the level I've highlighted.

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Here we see 2 possible outcomes , my bullish analysis shows a breakout which we have to just be PATIENT for and my bearish scenario is what could happen if the current trend holds the market down.

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BEAR SCENARIO: Currently when we look at the Us30 we see that its broken out of the short term trend line and then it went to a short term key level at 30903.3 before retesting the trend line at 31112.0.Once the market breaks below the LOI (line of interest) it will touch the medium trend line coloured green then retest the LOI at price level 30903.3.When the...

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In this scenario we have a head and shoulders pattern so if we have a break of the neckline it will be a good opportunity to sell on the retest of the neckline but if the market starts closing above the confirmation box and the LOI (LINE OF INTEREST) it will push higher to create a higher high before retesting the LOI which will create a higher low then push higher.

FortXau

BULL SCENARIO: In the first Bull scenario the market needs to break above the LOI (LINE OF INTEREST) at 3853.8 there after it needs to find rejection at price level 3867.4 and retest price level 3853.8 before breaking out of price level 3867.4.Once price level 3867.4 becomes support after the breakout of resistance it will retest that price level after it finds...

FortXau

Right now the market is in an uptrend On the H4 the market seems to be creating a double top pattern but we cant trade the pattern if the market passes through my confirmation zone which is the body of the high candle and the wick of the high candle,if the market moves above it I consider it a trend continuation.

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So on the H1 time frame we see a head and shoulders pattern forming but it isnt confirmed,if the market breaks through the regression trend it will proceed to the price of 3343.03 then go back and retest the same level as the left shoulder which will create the right shoulder,then once the neckline breaks itll proceed to the head of the daily time frame inverse...

FortXau

Here we see an inverse head and shoulders pattern which is above its neckline on the daily time frame telling us to long .On the 1 hour time frame its showing us a head and shoulders pattern as a possibility which tells us it could retrace to the head level of the inverted head and shoulders pattern before proceeding to the targets above for the inverse head and...

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Heres a better view

FortXau

Theres a series of Higher highs and Higher lows but now the markets reaching a point of trend resistance and also the 161.80 fibonacci level which could push it down and create a lower high and lower low,once thats established it could be the start of a down trend and the head and shoulders pattern usually occurs at the end of one of these Higher high and Higher...