Gold sold until it got supported in Level 2278.12 Then it performed a valid CHoCH where it broke and closed above level 2342.92 for bulls to continue with an uptrend, there's a possibility for a short term sell once the price break and close bellow support 2352.92
GBPUSD Went to bounce on the confluence level 1.20437 from monthly prospective to show strong support that may lead to change the trend into to bullish from long run bearish trend. Even though the price broke diagonal resistance into diagonal support trendline, We wont focus on long yet until the price reflects into bullish trend from high to lower time frames.
We previously spoke of this weekly retracement which became a heavily drop from lower time. Now the gold price is approaching the point of interest where we will look for market shift to bullish profile so that we will buy on a discount. Gold price broke support 1925.47, it is now resistance to confirm further drop to our high time frames support between 1842.57...
Possibility for NASDAQ to go down before the breakout of a descending Chanel which represent a bullish continuation.
Last week we Spoke about possibility of the price that it will rally up and get resisted between level 1975.02 - 1983.51 then retrace back to support 1855.02 where 0.618 fibonacci retracement level lies, then shoot up to resistance 2036.34. Instead it didn't retrace between level 1975.19 & 1983.51 but went up to resistance 2036.34 and then fall down to price...
GOLD 1W Gold in weekly time frame formed an ascending triangle which was broken on the upside. Price rallied up to resistance (1975.29), retraced back to level 1889.84 which is now a support level and the price rally up and close to level 1971.19. This week there might be a possibility that the price may continue to go up, get resisted between level 1975.19 -...
NASDAQ - DAILY TIME FRAME Between 16 feb - 29 Apr 2021 NAS showed strong resistance which was broken on 15 Jun 2021 where this indices rallied up to 16775.9. NAS price came back to be supported on this area which was Resistance between FEB & APR 2021,that gave us a hindsight that NAS price will possibly rise again. Our focus is to see daily time frame to change...