1st major support - 0.236 Fiboline @ 2330 2nd major support - 0.382 Fiboline @ 2264. Lots of people were too engrossed in the bullrun, and forgot about correction. Daily MACD clearly shows reversal of the bull run, for now that is. At least 3 rejections 2390-2420 range on daily.
2 major support right now for GOLD. 1) 2322 2) 2303-2307 Prices tested 100 MA on 1HR Time frame which was the 1st support (2322). Next support in 4HR TF is 2302, 50 MA.
Gold is heading to 1940. SL 1967 TP 1940 TP early at 1942 for safer results. it must cut through 200 MA on 1H TF if this setup is to work.
Gold rejected 1786 and 50 MA , 1774 support Fibo line 0.23 also tested , next support at 1757 @ 200 MA
Good day everyone. Gold has bottomed based on past price action. Daily MACD showing a change in direction , akin to a double bottom as well. En route to testing 21 MA on daily, 1753. Fibo level 161.8 is around 1770 but i will taking profits early , dont want to risk losing that bag. You can always enter again after a minor correction of the pump regardless. No...
Final support at 13,000. If that punctures, boys pack your bags , all hell will come loose.
Sold from support line 1888 , target is 1855. TP1 - 1875 TP2 - 1855
Gold is currently in a bearish channel. 4H chart shows gold struggling to break through 50 and 200 MA. Key support and resistance areas in red.
Gold XAU/USD is on major correction. Next foot landing is on 1888. Price action after landing will determine exactly where gold will move next.
Fellow traders , My gut is strong about this one. After much contemplation, there is a high chance of breakout to 1870 and higher levels for XAU/USD in the coming months. Based on previous pennants for Gold it has always been a bullish one , and it seems that the bear cycle is coming to an end. Longing is a good idea once the idea is confirmed when gold...
Dear all , one of my old posts was pointing towards the 30k crash which I thought was wrong about , instead , I was right , except it took much later for it to occur. Presently , I have been able to predict BTC based of MACD alone , weekly for that matter. Based on the MACD histogram , once the red shade gets lighter and starts turning green with the EMA's...
With the closing of the last weekly candle , this is confirmation of a bullish close. The pennant in yellow has not only been broken but the retest after the breakout has been bullish as well with the next confirmation being a broken 0.618 fibo level. Weekly MACD has started showing a lighter shade of red signifying lesser selling power , based on my gut...
Ladies and gentlemen , the no bullshit guide to deciphering bitcoin. I have marked two blue flags in my chart for reference as to the price movements after a major dip both in March 2020 and April 2021. It is the same thing all over again. Hold your bags, yes whales are moving bags as well but do not let emotions move you. Also please ignore the weekly MACD , if...
previous set up got invalidated , improvised it. this could find support at $113-116. buy limit set at $113. Will update the next target price for SOL once this set up is confirmed.
I know many will disagree. Long story short , Bitcoin heading to a minimum 30k. TA : - MACD bearish divergence - MACD EMA crossing from positive zone heading to negative zone - RSI bearish divergence - Despite the presence of Golden Cross , it is unlikely to hold based on other indicators. I am not a certified Financial Advisor.
Despite reported breakdowns with Solana , TA looks good so far. Hidden bullish divergence on RSI MACD crossing from negative zone Expected Target is 1.618 ( $252) followed by 2.618 ( $317). Im hodling this though. I am not a certified financial advisor.
Recently , after the massive sell off of XAU , many were traumatized and left traders in a daze. Market has been slow the past few days but if you are one of the many whom lost to the sell off , take a break to compose yourself and make a new trading plan. PLAN - RSI showing bullish divergence , enter when candlestick closes above 1746 which is at 0.786...