Gold has already found its momentum to return to the upside. This analysis is specific to trading positions, and takes place over the medium to long term. Target 1 -> 2020, Target 2 -> 2175.
STRONK HOLD :raised_hands: :bull: :rocket: :moon:
My analysis is simple, as you can see on my chart, a double top pattern has been formed on the H1 time frame, which means there is a trend reversal from uptrend to downtrend. Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
On the H4 time frame, there is a divergence between the upward movement of the candlestick and the downward movement of the Stochastic indicator. So it can be concluded that in the short to medium term Gold will rise. Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
A bearish flag pattern is being formed in the consolidation on the 15m time frame, which means it is still continuing the downward trend in the short term.
As seen on the chart, there is a divergence between the candlestick on the H4 time frame with the Stochastic indicator, the candlestick is moving downwards while the Stochastic at a glance looks like it is going up. Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
After Gold underwent a correction to touch the price range of 1810.42, and also because it was supported by important news, then from the movement until now I saw an “Expansion” almost formed after a few days of experiencing “Correction” first. This is in line with my previous analysis on the H4 time frame. Note: This is just an idea from me, please compare...
"Contraction" and "Expansion" patterns have been formed and are followed by the First Leg and Second Leg which are marked as confirmation that Silver is continuing its main upward trend. Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
After I analyze again, just ignore the previous EURUSD analysis for correction and go back down. I checked again on the daily time frame, it turns out that the price has touched 1.19804 at the 50% Fibonacci Retracement ratio, and I can be sure that EURUSD will rise further. Note: This is just an idea from me, please compare it with your own analysis before...
I was wrong beforehand, it turns out that after being noticed on the H4 time frame, as there has been a contraction and expansion phase, it's just a matter of waiting for gold to rise higher. What do you think?. Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Seen on the 15 minute time frame, NASDAQ 100 is still consolidating by forming a bull flag, and it looks like it will make another false breakout by touching the price of 13633.27 first (38.2% Fibonacci Retracement) before finally rising again. Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Let's look at the H4 chart, it looks like gold will make a correction to the price of 1855.19 at the 38.2% Fibonacci Retracement ratio, and after that it will return to a downward trend.
It looks like EURUSD will first go up for a retracement at the 50% Fibonacci Retracement ratio at 1.21560, and then will continue its downward trend again.
As we can see from the chart image that appears, a diamond pattern has been formed which means that gold will bounce upwards. Note: Like and comment if my idea is helpful and fits your analysis. Thank you.
I see that there has been a diamond pattern on the H4 time frame which means that DXY will go down again.
You can see on the chart that appears, that WTI is in a very strong upward period, but in some time it will still be consolidating first by forming a bull flag, before doing a further uptrend. Note: Like and comment if my idea helps. Thank you.
For some time, AUDUSD is still consolidating in the form of a symmetrical triangle before moving further up. Note: Like and comment if my idea helps. Thank you.
As seen on the displayed chart, GBPJPY will go up slightly past the price of 139.857 at the 61.8% Fibonacci retracement level ratio, before finally going down. On the other hand, if the price continues to move up past the price of 140.450, it is likely that the price will continue to rise.