#GOLD
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GOLD is consolidating after a strong move up in price. The market is moving in an accumulation-expansion pattern. The market is trading in an ascending channel by making HHs and HLs. We anticipate a buying opportunity at the confluence of the support and trendline.
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Hello everyone!
#EURUSD
🔥New idea - Link
EURUSD is testing the major daily resistance zone and the upper channel's border. The market overall is consolidating because price action is printing HHs and LLs, indicating indecision in the market. We expect a bearish move.
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#AUDCHF
🔥New idea - Link
AUDCHF is testing the resistance zone , which is the consolidation border. Price action has previously reacted several times to that zone. The market is pulling back against the major bearish trend. We anticipate a downward trend.
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#GBPCAD
🔥New idea - Link
GBPCAD failed to break and close above the descending channel. The market has rejected local resistance by creating double top. Notice, price action approached the level by printing small candles, indicating that there's no strength to go higher. Price action is likely to pullback to the support level and go further down.
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#GOLD
🔥New idea - Link
GOLD is moving sideways in the ascending channel. The market is approaching resistance, but the price doesn't show us enough momentum to break the level. Price action will most likely go down to retest the support level. We expect a short term pullback from the resistance.
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