I expect price to rise before getting rejected and we head further lower. to my target of 1950.50
Gold price seems to be trading in a head and shoulder pattern. The weekly timeframe also indicates that we are trending bearish. On the weekly timeframe we also have an inverted hammer (25 Dec 2023) which further confirms we are in a bearish trend. The safe trade is displayed on the idea. The aggressive trade is shown below in the image. idea
Due to the economic news expect a small pullback lower, with price rising significantly higher for the rest of the week. Entry and stop loss are shown in the image below
Price to continue and drop to approx. 1680 and then bounce and breakout to new all time highs
classic head and shoulders pattern with a potential 190 pip gain
currently trading within a wedge pattern, current prices present a buying opportunity before actual breakout begins.
Bitcoin is about to test a key trend line which also caught the market low in 2020. I expect this key level to hold and act as support and soon bounce higher. This is an old chart which I designed back in 2020 April also got the market high in 2021
I'm already in a long trade in gold from 1774. Here is another chance to get into a gold trade which is due to breakout from its pattern at $1828. Be careful with position size as this is a medium to long term trade to hold.
Silver due for a pull back to complete the inverted head and shoulders pattern. The long target price for silver is $28
Noticed a trend with bitcoin between now and 2013. Cycle may repeat with a possible drop in October before we have a continual rise based on 2013 chart.
Dxy currently trading within a rising channel. Possible breakdown to occur this month or next. Yellow trend will act as strong support. Dxy is also trading in a long term rising channel based on the image shown below which shows the dollar will eventually rise in the long term
Price has held support at my blue long term trend line. Expecting price to now breakout from the down trend we are currently in and hit resistance at my red box. If we have a clean break of resistance then expect new all time highs. Any rejection expect a retrace to my support levels indicated below in green.
expect price to continue to trade within the wedge until possible breakout near end of July
Anticipating gold price retracing to 1734 where there is strong support and consolidating for a while before rising higher.
price is currently trading in a descending channel expect another retest of support
Tesla currently trading within a possible descending triangle, Also with news of Michael Burry short position in the stock it helps support the short view. Each green coloured horizontal trend line is a support level
stock has good fundamentals and is due to break higher in line with a higher gold price