Mahtab_Tradia

Mahtab_Tradia

As it is clear in the 4H time frame, XAUUSD is in a downtrend with lower highs and lower lows structure. We can see the downside push on the price in the daily time frame either. Currently, price has broken the last low (yellow support zone) at 1638 and is facing bearish pressure. The current 4H candle closure is below the first yellow zone, so we expect a...

Mahtab_Tradia

EURUSD has been dropping significantly in the last few weeks. Currently, price has been pushed to the upside after approaching to the red support level. Moreover, it is moving in an ascending parallel channel and has been rejected from the channel’s lower band. We can also see the bullish structure with the higher low formation on the chart. I expect a rise for...

Mahtab_Tradia

Price is moving in an uptrend and after a significant rise we can see some weakness and price failed to make a higher high. It seems like price is making a descending triangle. Descending triangles can occur at the end of an uptrend as a reversal pattern. They also happen in downtrends as a continuation pattern. In daily time frame, we can see that today’s...

Mahtab_Tradia

Last week, XAUUSD continued to drop and after breaking the support level at 1661, fell to 1640 as we expected. Currently, there is a struggle between buyers and sellers. On the other hand, price has made a minor higher low which indicates it might break the resistance and make a higher higher either. I have marked two key levels for XAUUSD which are important to...

Mahtab_Tradia

As I expected in my previous analysis, XAUUSD had a great fall and dropped significantly towards the targets. Currently, price is stuck between the support and resistance zones and is bouncing in that area. Since it is unclear that price has started a downtrend and this is an exhaustion phase before dropping again or this downside move was a retrace of the last...

Mahtab_Tradia Updated 

According to my previous analysis, XAUUSD had a rise to 1729 which is a resistance zone, but price didn’t throwback and retrace as I expected, and grew sharply straight to the target. Currently, price has been rejected and pushed to the downside from the red resistance zone and is dropping. Moreover, we can see a bearish reversal double top pattern has been...

Mahtab_Tradia Updated 

As I mentioned in my previous analysis, price was consolidating and after some rest, it broke up the consolidation zone to the upside. Currently, we can see a higher high and lower low structure. In daily chart there is also a strong bullish pressure. At this point, we need to wait for a throwback and some retrace and then enter a long position. If price came...

Mahtab_Tradia

XAUUSD started an uptrend from last week with a maximum rise to 1675. In 4H and 1H we can see the higher high and higher lows formation. In the daily time frame price is still in a downtrend and hasn’t made any higher high yet. Currently, price has reached to the resistance area and got rejected from it and is consolidating in the yellow consolidation area which...

Mahtab_Tradia

As I expected, price dropped to 1618 and after touching 1616 which was a support area, we saw a strong upside push on XAUUSD and a rise to 1653. Currently, price has broken the last high and has made a higher. We can see the bullish pressure on the market but we should wait for a higher low to be formed. There is a resistance level (red line) at 1650 which has...

Mahtab_Tradia

As you see in the 1H time frame, there is a downtrend structure and price had an upside move after falling, to retrace the bearish move. Currently, we can see that price has made a higher low with an upside push, but the bullish move was not strong enough and price entered to a consolidation zone and is bouncing inside it for now. We should wait for a breakout...

Mahtab_Tradia

As it is shown in the chart, price dropped sharply in the last week and made lower lows and lower highs. Currently, we can see an upside retrace and a pull back to the yellow broken level and a downside rejection afterwards. Price is still facing downside pressure and is willing to drop more. There is a probability of more upside retrace before starting to drop...

Mahtab_Tradia

What an epic week was the last week! Due to important economic news like CPI release, we have seen big significant moves in the financial markets. XAUUSD had a sharp and strong drop in the past few weeks and as it is clear, price has a downtrend formation. In the lower time frame like 4H, price had a pull back towards the yellow resistance area to 1680 and then...

Mahtab_Tradia

Price is moving on the ascending trend line and making a bullish structure. Yesterday, XAUUSD had a rise to 1735 but came down to retest the support. Personally, I expected a stronger upside move but in daily time frame the yesterday’s candle closure was not satisfying enough. Currently, we can see a bullish pressure on price after touching the trend line. If...

Mahtab_Tradia

As you see in the 4H chart, price had made a double top pattern and after breaking the neckline, started to drop sharply. Although we have missed the huge move, it is not late yet! In the daily chart there are bearish candles below each other which indicates there will be still a downside move. Currently, price has approached to a support level at 1.2975 in the...

Mahtab_Tradia Updated 

As I expected in my previous analyses of XAUUSD, price could not break the daily support at 1695 and started an upside reversal move. Currently, in 4H time frame, we can see the previous 4H candle is a strong bullish candle, and the current 4H candle has been opened above the previous candle. Moreover, if we take a look at the price structure, we can see the...

Mahtab_Tradia

After a big significant rise, US dollar is getting weak. As you see in the 4H chart, price has started a sharp downside move and is dropping. In daily time frame, we can see strong bearish candles has been closed for yesterday and the day before. Currently, price has broken the support level (red colour) at 108.970 and has been fixed below this level. I expect a...

Mahtab_Tradia

As I expected price had a good growth and reverse after retesting the daily support level at 1695. Currently, we can see a bullish push and rise on XAUUSD. There is a key level between 1723 - 1726 which is a resistance zone and I expect a rise to this key level for price for now. We should wait for an upside breakout or a rejection after price approached to this...

Mahtab_Tradia

GJ had a significant growth in the past few days and currently price has approached to the red resistance zone and has been held. As you see in the 4H time frame, there was a descending trend line which was broken to the upside. For now, we should wait for price to see if it breaks the resistance area or throw back to the yellow support zone. If price failed to...