iStarter

iStarter

Hello Traders, In the coming week, we could potentially continue looking for long opportunities. The weekly candle rejected the 78.6 area creating a big wick and forming a hammer. 1. Look for opportunities using smaller time frames. 2. Watch key levels and reactions at these psychological levels. 3. Keep an eye on price action and market structure. 4. Use...

iStarter

Hello Traders, Here is my Gold analysis based on the 4-hour time frame for the coming week. Similar to my previous post on the daily time frame. The yellow zone is the 50% Fibonacci on the weekly timeframe and hoping we trade above this level and 1775 if we're to continue bullish.

iStarter

Hello Traders! As you can see, price action respected the 1738 price as suspected on the 61.80 Fibonacci on the weekly tf (also mentioned on the previous chart). We are now looking to buy semi- long term to around 1808-1834 levels. Good luck everyone. Use proper risk management.

iStarter

Failing to break a strong support area (1750) on Friday's session proved that this area could hold in the coming days. In saying that, with the previous bullish structure previously broken on the daily time frame - I am expecting gold to break below the 1750 area to around 1738-1725 before continuing its bull cycle long term.

iStarter

Gold failed to break above the 61.8 Daily Retracement for a potential bullish momentum to 1834, retesting the SMMA 50 and rejected. That being said, gold created a strong bearish momentum to 1791. With the previous bullish structure broken on the daily timeframe, we can expect a further move to the downside and potentially around the 1778 area or further.

iStarter

After last nights breakout. Gold created 2 higher highs on the 4-hour timeframe. Gold may most likely retest the 1800-1798 area before heading to the upside around 1815 and potentially 1834 later next week.

iStarter

GBPAUD