Looking at the chart. I have analyzed the relative price level where price usually rejects or stabilizes (the red line), the orange line at the bottom is the support, showing that it is slowly going up.
Anyway I assume that price of XAUUSD will short from present price to the 1600 mark. I say this because price of gold looks very unstable as it has...
Hello traders, hope you are all doing well
In my opinion I believe there will be a breakout. Needless to say even though if bitcoin does not go short (which I highly doubt within the timeframe) I believe that a breakout will occur from the the yellow large resistance line in the graph as shown. If predicted so, a high upwards trend will likely occur and will go...
Hello traders, hope you are all doing well.
From my last gold trade and took on board of what I shown, I hope you enjoyed the hefty 3500+ pip movement!
Anyways from the graph, a short term position looks like is going to be expected. Which will be a 400+ pip movement? I am not too sure. Anyway after that it can either go one or two ways. A breakout on a long or...
Looking like it has reached average resistance, it should retrace and go back to the predicted ascending triangle support line. YOU should then once it has reached support, then make a long term investment as a long and wait for it to go back up.
Any comments about the graph please comment below or text me.
As shown within the graph, Gold has a good potential of rising to its resistance. However, once reaching resistance, it is best to sell and hold for a long term investment as it is going in a downward trend in the daily graph.
This is my second time posting with my chart analysis so if you have any questions, please feel free to comment. :)
Hello this is my first post! and relatively new to planning and marking out graphs. However, I believe a short strategy might be taken in place within the hourly timeframe. Potential Big profits to be made, please message or comment to share your views. Thanks