At this moment, it seems that we are in the bullish scenario with XauUsd price above the triangle's resistance that contained it since the mid of December. The target for this pattern is 1880, which is also an old important resistance on the longer term time frames. In conclusion, Gold will remain bullish as long as the price stays above the 1800 zone with close attention … [Read more...]

Gold is pushing back from strong support, confirming a bullish trend in the market. Buyers were able to hold the 1765 level. Price is in an uptrend channel , but at the same time I pointed out the formation of a sideways range of 1807-1765, in the left corner I pointed out the flat trading format. Price is moving from resistance to support and vice versa In our case, the … [Read more...]

USDCAD is falling after the dollar index. I marked on the chart the important level of 1.35029, in comparison with which the price makes a false-break and forms the pattern "Head & Shoulders". The upward price channel can be broken, but only if the price breaks the support of the "H&S" pattern or the support of the price channel. The key level is 1.33874, against … [Read more...]

Gold is rising 11.6% from the Triple Bottom pattern that was formed. As we saw, the price within the downtrend respected the boundaries of the downtrend price channel . The reversal pattern was formed on the support of the range Since early November, when the third confirmation of the bottom was made, the gold has recovered from the low to almost $1800 (by 11.6%). Following … [Read more...]

GBPUSD is in an ascending range. The currency pair is clearly observing the upward support line. Formation of a pattern, which is interpreted as "continuation of the trend" The price pulls back from the high of 1.2153 and a "symmetrical triangle" is formed from the support line near the uptrend support area . I think that breakdown of the pattern resistance will allow to … [Read more...]

GOLD from the opening of the session seeks to update the local highs. The price is in an ascending price channel and previously the support zone was tested. Gold does not roll back to the support zone on the retest, since the opening of the session the price is strengthening and at the time of writing the price is already 1758.69 I assume that gold is headed for resistance … [Read more...]

EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel , indicating to us a more accelerated recovery. But a false break-down of the resistance at 1.02692 is formed. In the chart, … [Read more...]

Gold continues to experience pressure from the resistance in the form of the daily MA-200, the price is in an upward range. The price makes a false break of the strong resistance zone and forms a decline, also a bullish signal is indicated by the presence of a bearish Gartley "Bat" pattern The daily Gartley pattern is a pullback to 0.889 (ideally 0.886) from the XA movement. … [Read more...]