charliedavies770

charliedavies770

#XAUUSD One of the high probability setups, I expect to see price pump up today to the resistance atleast before we see any bearish movements. The momentum should kick off pretty soon. Looking for a short term buying opportunity in it.

charliedavies770

Gold price breaks through $2868.80 and closes above it, our next target is $2900. Looking for a buying opportunity in it

charliedavies770

TVC:GOLD clean res at 2877 so far HL support potential just above 2850. if bulls lose 2834 I'm looking for a 2800 re-test, or there about next res 2892 h4 RSI went oversold on Friday for first time since Dec 18th, right around when the last low came into play Looking for a short term selling opportunity in it.

charliedavies770

Technicals: The price of gold tumbled yesterday, putting the precious metal under heavy selling pressure, but the shorts don't seem to have enough strength to get the price to close below $2,900. If sellers achieve this (below 2900), gold prices will aim for the 14 February low of 2877, followed by the 12 February swing low of $2864. Nonetheless, the uptrend will...

charliedavies770

Gold Slips Below $2,930 Amid Market Correction, But Upside Potential Remains Gold Retreats Amid Profit-Taking, but the Bullish Trend Remains Intact The gold (XAU/USD) price dropped by 0.31% on Tuesday as traders started to exit their long positions after bullion failed to hold above the important $2,930 level. Despite a recent technical correction, the fears of a...

charliedavies770

Looking for the short term buying trend in USDJPY as a pullback, Trade with proper risk management setup.

charliedavies770

Currently Gold is in Selling zone, we can predict to go down to the support at 2385, and then bounce back to the 2425 and further we can say next target would be 2438. Looking for short term selling opportunities in it., Trade with discipline and risk management. Have a profitable trading week ahead.

charliedavies770 Updated 

Looking for a buying Setup in EURUAD, Trade with Proper Risk Management to grab the right opportunities. Take the first target at 0.61750 And second long term target will be 0.62500

charliedavies770

USDCAD Technical Analysis – 1 hour Timeframe On the 1 hour chart, we can see that we have a downward trendline and the 61.8% Fibonacci retracement level adding some extra resistance to the 1.3680 level. This is the area where the sellers will keep on piling in from to position for a drop, while the buyers will want to see it failing to gain more conviction for an...

charliedavies770

Forecast for Gold Prices: Sellers seize control of XAU/USD, targeting a protracted slide below $2,300 The price of gold is still restricted in a range, and the 21-day and 50-day Simple Moving Averages (SMA) confluence around $2,345 is the upper limit of the price range, favoring sellers in the short-term technical picture. Conversely, the downside is protected by...

charliedavies770

Buying zone active, Looking for upward movement, Proper risk management suggested, watch my last analysis on gold for more clarification. On D1, gold quotations are above the 200-day Moving Average, suggesting that an uptrend is now in effect. The resistance line is being tested by the RSI. In this scenario, it is anticipated that the price will test and then...

charliedavies770

Buying zone active, Looking for upward movement, Proper risk management suggested, watch my last analysis on gold for more clarification. On D1, gold quotations are above the 200-day Moving Average, suggesting that an uptrend is now in effect. The resistance line is being tested by the RSI. In this scenario, it is anticipated that the price will test and then...

charliedavies770

"Euro vs. US Dollar," EUR/USD A bounce off the Tenkan-Sen line is seen in EUR/USD. There appears to be a downward trend as the pair is heading below the Ichimoku Cloud. It is anticipated that there will be a test of the Double Top reversal pattern's bottom limit at 1.0780, followed by a drop to 1.0645. An further indicator that would validate the decline would be...

charliedavies770

Gold Price Forecast: XAU/USD maintains focus on $2,277 and the Fed and highly significant US CPI The price of gold is holding onto its two-day surge and defending the $2,300 mark early on Wednesday. Amidst the customary market caution before of the crucial US Federal Reserve (Fed) interest rate decision and the US inflation data release, gold dealers choose to...

charliedavies770

USDCHF bounces from the support. This year, USDCHF is rising after breaking a significant trendline that was linked to the highs of 2022 on a daily chart. A breakthrough of this trendline would raise prices inside the large triangular range. The pair appears to be in a greater degree corrective setback following a completed five-wave rally and broken trendline,...

charliedavies770

The 4-hour chart shows that the GBP/USD outlook is negative as it continues to trade below the significant 100-period Exponential Moving Average (EMA). The Relative Strength Index (RSI), which is now hovering around 37.00 and indicates that the downside is the path of least resistance, supports the downward trend. 1.2681, the low of May 30, will be reached with...

charliedavies770

GBP/USD Forecast: Pound Sterling faces stiff resistance at 1.2800 ahead of US NFP At roughly 1.2800, the midpoint of the ascending regression channel corresponds to significant resistance. If that level is broken and the pair begins to use it as support, technical buyers may become interested. In this case, the static level of 1.2850 may serve as a temporary...

charliedavies770

GBP/USD Forecast: Pound Sterling faces stiff resistance at 1.2800 ahead of US NFP At roughly 1.2800, the midpoint of the ascending regression channel corresponds to significant resistance. If that level is broken and the pair begins to use it as support, technical buyers may become interested. In this case, the static level of 1.2850 may serve as a temporary...