Directional Bias: Bullish
Pattern Type: Continuation
Pattern Description: This pattern occurs within the context of a longer
uptrend and is characterized by the price forming a u-shaped cup with a short
handle on the right. The duration of the cup should last at least 7 weeks if
using a daily chart.
Volume Description: Volume will typically follow the shape of the...
Analysis Points : -
- 76 Weeks of Consolidation
- VCP Formation
- Near Trendline Breakout
- Fibonacci Extension near to its Previous All time high (1st Target)
- Daily chart outperforming Nifty by 3% in previous week this show relative outperformance of instrument vs Nifty.
Note - This view is not for short term trading purpose this is rather positional...
xauusd short and long 2
using for reference only
2020, 35,50, 55 ,69 these are entry exit key lvl levels(already entry use exit lvl, use trailing stoploss)
final resistance 2076 that means supply , and more one questions when 2076 breakthrought what isthe final target?
goodluck and good earn money to trade confident!
OANDA:XAUUSD Since its not retesting 1950 levels after breakout of the head and shoulder pattern on 30mins and heading straight up , i can see it moving in a channel on 4 hour timeframe it took resistance from the mid line of channel many times but if it breaks it heads straight to the upper range of the channel. The last trading session candle looks strong...
From 1150 level back in August 2018, Gold rallied up to 2075 highs in August 2020. After that peak it corrected to 1860 in March 2021. 1860 became the short term bottom for the price as price found support there twice in March. Later in August and September price found support twice in the 1730 zone as marked on the chart. The bullish flag pattern would remain...
Gold is all set to give a breakout above its 10 year high. we have seen gold gives 10 x in 20 years in which it remains range bound for 10 to 12 years and gives the maximum return in the remaining 8 - 10 years.. As per the above chart a classic rounding base pattern / cup and handle pattern is forming on monthly chart. A monthly close above above $2000 will...
#XAUUSD weekly bias looks bullish. The buyer’s price of interests are 1938.00 1922.00, 1900.00
The possible targets are 1987.00, 2010.00
These analysis are based on the current market swing and we update our views based on the upcoming future swings
