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
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
👏1
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
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
❤4
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
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
👍6
#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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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
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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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
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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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
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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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
🔥7
The Ace Trading (Free Forex Signals)
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…
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GOLD (#XAUUSD): Another Selling Opportunity
The price of 📉Gold has indeed fallen, as I had anticipated.
Today, I see another opportunity to sell.
This time, the price tested a significant intraday resistance level and subsequently formed a double-top pattern.
There is a strong likelihood that the pair will continue its retracement, potentially reaching the 4080 level.
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Hourly time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
The price of 📉Gold has indeed fallen, as I had anticipated.
Today, I see another opportunity to sell.
This time, the price tested a significant intraday resistance level and subsequently formed a double-top pattern.
There is a strong likelihood that the pair will continue its retracement, potentially reaching the 4080 level.
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Hourly time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
❤4
Forwarded from LINØFX1 VIP SIGNALS (LINØFX)
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GOLD (#XAUUSD): Important Selling Zone Detected
I see an important supply zone on 📉GOLD.
It is based on a recent violation of a horizontal support cluster and a rising trend line.
I believe that selling orders will accumulate within that area.
There is a strong likelihood that the price will decline from that point, at least to the 3970 support level.
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4H time frame
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Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08
I see an important supply zone on 📉GOLD.
It is based on a recent violation of a horizontal support cluster and a rising trend line.
I believe that selling orders will accumulate within that area.
There is a strong likelihood that the price will decline from that point, at least to the 3970 support level.
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4H time frame
—————————
Tested and Trusted Broker 👇
https://one.exnesstrack.org/a/u0exuwlj08