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PRO Trader and Trading Mentor With 6-Year Experience Trading Education & Technical Analysis This channel is made for beginners who want to learn, invest & understand FOREX. We will post the Forecast, and trading ideas. Contact - @Ask_linofx1
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GOLD (#XAUUSD): Short-Term Bullish Signal
Gold has breached a resistance level within a narrow consolidation range on an hourly chart.
There is a high probability that the market will continue its recovery.
The next target for buyers is set at 4075.
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Hourly time frame
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Tested and Trusted Broker 👇
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GOLD (#XAUUSD): One More Breakout
As I predicted earlier, 📉Gold experienced a notable decline following a significant structural breakout. It appears the price successfully breached an additional support level.
The pair closed below 4072 - 4024 area.
The broken structure turned into a key resistance.
We might foresee a continued bearish trend towards the 3900 level.
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
GOLD (#XAUUSD): Will Downtrend Continue?
Gold is currently showing a prolonged bearish trend.
The recent violation of a significant intraday support cluster and the formation of a new lower low and lower close indicate considerable selling pressure.
It is highly probable that another downward movement will commence from this point, heading towards the subsequent support level.
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
GOLD (#XAUUSD): Time to Recover?!
The 📈Gold price formed a cup and handle pattern and has broken its neckline on an hourly timeframe.
This indicates a confirmed Change of Character (CHoCH) and suggests a local bullish reversal.
The market may begin to recover and could reach the 4230 resistance level in the near future.
GOLD (#XAUUSD): Bearish Rally Continues
The price of 📈Gold has broken and closed below a significant intraday support level.
The broken structure and a descending trend line now form a contracting supply zone.
It is my perspective that the pair has the potential to decline further towards the next support level.
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4H/Hourly time frame
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GOLD (#XAUUSD) Short Trade Explained
⚠️GOLD opened with a nice gap yesterday. It is generally observed that approximately 80% of such gaps tend to be filled.
To trade this gap, we recommend monitoring the horizontal support level between 4300 and 4308. It is the neckline of a head and shoulders pattern.
A short position should be considered upon a confirmed 1-hour candle close below this support, followed by a retest.
The initial target for this trade is set at 4240.
❗️If the price sets a new higher high, the setup will be invalid.
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Hourly time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
GOLD (#XAUUSD): Time For Correction?!
Gold formed two bullish patterns on the hourly timeframe after a bearish movement last week.
We see the formation of a minor double bottom and a falling wedge pattern. Both patterns have successfully breached their respective neckline and trendline resistance levels.
This technical development suggests a potential upward price movement, with an initial target of 4353.
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Hourly time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
#EURUSD: Pullback Trade Explained
The EURUSD pair looks bullish to me.
The price has just violated a support line of a consolidation range on an hourly timeframe.
It indicates a highly probable pullback.
Goal - 1.1570
