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Gold quickly reached our target.
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GOLD (#XAUUSD): Bearish Continuation
Gold has formed a significant head and shoulders pattern following a test of a key daily/intraday resistance level.
The breach of its neckline serves as a strong bearish trend-following signal.
It is anticipated that the market will continue its downward trend. The next support level is projected to be at 4030.
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4H time frame
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#EURUSD: Classic Trend-Following Pattern
The ⚠️EURUSD pair is trading in a bearish trend. The price set its last low on a daily/intraday chart, and a correctional movement started.
The market was steadily growing within a bearish flag pattern.
An accurate signal of a resumption of a bearish trend will be a breakout and a candle close below the support line of the flag pattern.
A bearish wave will then be expected to reach at least 1.1370.
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4H time frame
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GOLD (#XAUUSD): Bearish Trend Will Resume Soon?!
It looks like 📉GOLD is showing bearish tendencies subsequent to testing a significant daily/intraday horizontal resistance level.
The price formed an inverted cup and handle pattern, and its neckline has been violated with a strong bearish candle.
Given that the pair is currently trading within a broader bearish trend, there is a high probability of this trend continuing in the near future.
I anticipate a bearish continuation, at least to the 4090 level.
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
DOLLAR INDEX (#DXY): Intraday Bearish Signal
It appears that the 📉Dollar Index is positioned to drop after a test of a significant intraday horizontal resistance.
A bearish breakout of the support line of a rising wedge pattern provides substantial confirmation.
Goal - 100.69
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
Do not forget that today is an official banking holiday in the US—Independence Day.
GOLD (#XAUUSD): Market Outlook & Short Update
Gold Update:
I received multiple requests to provide an update after the last predicted bounce before the target level of 3900.
Gold is currently consolidating within a horizontal parallel channel (range).
The market will likely stay within these boundaries until today's high-impact US NFP and Unemployment Rate releases.
For now, look for trading opportunities near the range boundaries.
Once the news drops, a breakout will provide strong confirmation of the market's future direction. Though I'm expecting a bullish breakout.
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
#EURUSD: Selling Opportunity
It appears that 📉EURUSD is preparing for another downward movement.
The market has completed a period of consolidation, breaching a horizontal range support on a 4-hour chart.
The immediate support level is identified at 1.1350.
We anticipate this level will be tested in the near future.
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
There will be a significant number of impactful news releases within the next hour.
SILVER (#XAGUSD): Another Bearish Wave Coming?!
⚠️Silver may drop significantly one more time. The current price action seems to be a corrective movement.
The correction happened within a bearish flag pattern.
Its support violation may initiate another round of selling with a highly probable continuation to 55.00.
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
#EURUSD: Classic Reversal Loading... Don’t Miss the Breakout!
The ⚠️EURUSD pair formed a significant cup and handle pattern. Its neckline is currently based on the resistance level.
Your next strong bullish signal will be its breakout and a 4H candle close above 1.1440.
Buy the market then, expecting a rise at least to the 1.1480 resistance level.
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
