decentshaw

decentshaw

USDCAD approaching my SELL Zone. Sell Setup Ready . Price action as per charts

decentshaw

Gold Analysis- forecast Next Week 28-Aug to 01-Sep-2023 Looking at the last week candle, the Gold Made bounce back from 1885 Level. This is multiple rejection support now. Weekly green candle suggest that upcoming week can be bullish for Gold. Gold also made bullish breakout of the downward trend last week and I recon the bullish bounce will continue till...

decentshaw

Gold: Technically, Gold is in neutral Zone . Gold is still under the spell of bullish breakout. Only if 1905-1907 level is broken, this bullish breakout is invalidated. Yesterday Gold made a pullback from 1920-23 level making a double top . Current market is waiting for the Powel speech today at Jackson Hole Symposium . This is a major event which can...

decentshaw

Hello All! I must say gold Upbeat all the bearish indicators yesterday. Gold crossed the 200 DMA in its first attempt and crossed the Downward facing trendline. Oil was falling, Dxy was rising and Gold didnt followed its presumed correlation with these. Now I wish an opinion from the Senior experts. How we can define the yesterday movement of Gold? Possible...

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GBPCAD is at important resistance Zone. I am expecting a Pull back to identified support Zone.

decentshaw

Gold is trending downwards but at the same time showed a minor Bullish Breakout. I have to see if it is sustained. If price beaks 1890 level again, this breakout is invalidated. Price has shown strong support at our defined area 1885-1886 I already went into buying this support yesterday where we made good profits. Yet price visited this Zone second time and i...

decentshaw

Gold: Gold is trending downwards. Interest rates fears & strong Dollar index keeping Gold pressured and causing its meltdown. Dollar index in Bullish trend it will increase pressure on the gold in upcoming period. Gold Price is under ICHIMOKU CLOUD, moving in descending triangle, Under key Moving averages. I will look for sell entries upon confirmed setups....

decentshaw

Gold is under pressure and bearish. Price is under the ICHIMOKU CLOUD showing resistance at #1943-1945 Region. Key Moving average showing Strong resistance at #1942-1947 Block. Trendlines support the same Resistance levels. I am expecting strong rejection from this level. DXY is moving in a bullish channel and above 102 mark. RSI is below 50 at 4H and 1H...

decentshaw

Gold: After the crash on last Thursdays (US-GDP announcement) , Gold is licking its wounds. However upward trend is broken in short term. Gold is unable to surpass 1960-63 Level comprehensively on Friday and also today so far. This week is crucial as it has US Non Farm Pyroll announcement. US labour market is strong and i am expecting strong results of a...

decentshaw

Gold: Gold Is trending Bullish. MACD, ICHIMOKU Cloud Moving averages, trendline are pointing bullish momentum to continue. Ideal buying today will be around support levels1966-1972 with the target of 1988 and 2000. My Price action is bullish. Talking on fundamentals , market it taking tommorow interest rate hike by FED as one of last before the pause. So market is...

decentshaw

Dow Jones: We have a W - pattern which represent Double Bottom & Double top preceded by a bullish trend. Price attempted to break the 34600 resistance on Friday amid echoes of Fed interest rate pause. I think Fundamentals and technical are set for bullish run for Stocks and DJ30. Breaking of 34600 will fuel the bullish run. I will be relying on 34300 Support for...

decentshaw

Well We have 3 Head and shoulder structures on 2H chart depicting the buyers pullbacks of the Low level. We have a ascending trendline and higher Highs and higher lows. And to mention a Cup and handle structure. What this means... Gold is bullish? But Gold bulls has to surpass the 200 SMA on 4 H chart positioned at 1940 and and 100 DMA at 1949 as bears defense....

decentshaw

Gold is moving in Downward trend (4 H trend). However the price showed reversal with reversal pattern on Friday (Inverted Head & Shoulder). I think after this pattern , Gold will possess the bullish symptoms temporarily. For long entries, we can count on two levels, the ascending trendline support + Horizontal support at 1920 and 1910. On fundamentals end, we...

decentshaw

Gold was trending bearish. Price broke the 1900 Level and went down to 1893 where bulls came into action and price bounced back. If we see the price structure. The price has made head and shoulder structure on 1 H chart. Now sentiment is neutral overall. But i am seeing bullish reversal for short term and test of 1940-1945 with in next week. If price manages to...

decentshaw

Gold is trending Bearish. As per technicals , we should look for Sell entries. Last day, Price has seen multiple rejection from 1930 Level. As of writing of this analysis 20 SMA is at 1922, 50 SMS is at 1935 and 200 SMA is at 1958 (4H chart). All moving averages pointing downwards and price is under the said MAs. On daily chart Price is under 20-50-100 SMAs. I...

decentshaw

Tipple top can be seen on the Weekly chart . Since making a all time high( 2080) on 3rd May , the Gold movement is downwards afterwards. On short TF , we have another triple top at 1980 Level so we can ascertain this level as area of high interest for Bears. It is likely to act a a strong resistance. I am expecting price may test the 1980-1982 Again. And if...

decentshaw

DOW JONES- US30 is down and out. Price has broken all the recent supports. I forecast it going towards 31,000 Level. Ideal Sell will be revisit of 33000 Level, previous support now turn into resistance.

decentshaw

Gold: In the US session on Friday, Gold made an unexpected move on comments by FED chairman , Powell. Powell said that there is stress in the banking sector and interest should not be high. “Our policy rate may not need to rise as much as it would have otherwise to achieve our goals,” he added. “Of course, the extent of that is highly uncertain.” I am very...