GOLD (XAUUSD): Technical Analysis Ahead of Trump
One of the important news for today is Trump speech during
the late New York session.
Here is my brief technical outlook for Gold ahead of that.
As we discussed on the yesterday's live stream, the price
is now coiling on a recently broken rising trend line that serves
as a vertical resistance now.
A bullish breakout of that and a daily candle close above
will provide a strong bullish confirmation and push the prices to 3430.
Alternatively, very bearish news today may trigger a retracement
to an underlined horizontal support.
Let's see how the market is going to react tonight.
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MarketBreakdown | USDJPY, NZDUSD, EURJPY, US100
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #USDJPY daily time frame 🇺🇸🇯🇵
The market is trading in uptrend.
After the price updated a high, it retraced.
I see a consolidation now and a formation of a narrow
horizontal trading range.
A bullish breakout of a resistance of the range and a daily
candle close above that will provide a strong trend-following bullish signal.
An uptrend will most likely resume then.
2️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸
A test of a historically significant major demand cluster triggered a strong
bullish reaction. The price violated a strong resistance and closed above that.
I think that the market will most likely continue growing.
3️⃣ #EURJPY daily time frame 🇪🇺🇯🇵
The pair is trading within a horizontal parallel channel.
With the absence of high impact fundamental news today,
I think that the market will most likely continue consolidating
and the price may retrace from the resistance.
4️⃣ #NASDAQ Index #US100 daily time frame 🇺🇸🇨🇭
Looks like the market is preparing to update the ATH.
A confirmed violation of a minor daily resistance and a valid
Change of Character on intraday time frames indicate clear
strength of the buyers.
I guess that 23700 level will be tested soon with its highly probable breakout.
Do you agree with my market breakdown?
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GBPUSD: Bullish Continuation Ahead?! 🇬🇧🇺🇸
GBPUSD violated a significant resistance cluster yesterday.
The market broke through that with a high momentum bullish candle.
Chances will be high that the pair will continue rising.
The next goal for the buyers is 1.35 psychological resistance.
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EURCHF: Intraday Bearish Move?! 🇪🇺🇨🇭
EURCHF reached a key horizontal resistance level.
I think that there is a high probability that the price
will retrace from that.
The closest intraday support is 0.93825,
it will be the goal for the sellers.
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GOLD (XAUUSD): Road to 3430
Quick update for my yesterday's analysis for Gold.
The price broke through the trend line with a local Break of Structre BoS,
updating an intraday-high.
The road to 3430 is now empty, and the market will most likely
continue rising steadily to that.
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EURCAD: More Growth Ahead 🇪🇺🇨🇦
EURCAD broke a resistance line of a bullish flag pattern yesterday.
A consequent confirmed Break of Structure BoS indicates
that the rise will most likely continue.
The next strong resistance is 1.61.
The market is going to reach that soon.
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EURJPY: Classic Bullish Pattern 🇪🇺🇯🇵
There is a high chance that EURJPY will continue growing.
A bullish breakout of a neckline of an inverted head & shoulders
pattern leaves clear bullish clues.
Next resistance - 171.9
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CHFJPY: Pullback From Resistance Confirmed?! 🇨🇭🇯🇵
CHFJPY may retrace from a key daily horizontal resistance.
A breakout of a support line of a consolidation range
on that on an hourly time frame provides a strong intraday confirmation.
Goal - 182.42
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CHFJPY: Pullback Confirmed?! 🇨🇭🇯🇵
CHFJPY may pull back from a key daily support.
A formation of a bullish imbalance candle on an hourly time frame
with a bullish CHoCH provide a reliable confirmation.
Goal - 182.45
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MarketBreakdown | EURCHF, WTI CRUDE OIL, GBPNZD, DXY
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURCHF daily time frame 🇪🇺🇨🇭
The market is testing a strong supply area
based on a solid falling trend line and a horizontal resistance.
Probabilities will be high that the price will retrace from that.
2️⃣ CRUDE OIL #WTI daily time frame 🛢️
The price is very close to a significant demand zone
based on a horizontal support cluster and a rising trend line.
I will expect a bullish reaction to that.
3️⃣ #GBPJPY daily time frame 🇬🇧🇳🇿
The market is trading within a contracting triangle.
The price nicely respected its support line and goes up steadily.
I think that bullish momentum will remain strong and the market
will go up to the resistance line of a triangle.
4️⃣ DOLLAR INDEX #DXY daily time frame 💵
The market is consolidating on a key daily support cluster.
Probabilities will be high that the price will bounce from that.
Today's fundamental news can be a trigger.
Do you agree with my market breakdown?
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GOLD (XAUUSD): Detailed Support & Resistance Analysis
Here is my fresh support & resistance analysis for Gold.
Vertical Structures
Vertical Resistance 1: Rising trend line
Horizontal Structures
Support 1: 3327 - 3344 area
Support 2: 3246 - 3275 area
Resistance 1: 3431 - 3451 area
The price is currently coiling on a trend line.
Your next bullish confirmation will be its breakout.
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CADJPY: Bearish Move From Resistance 🇨🇦🇯🇵
There is a high chance that CADJPY will drop
from a key daily resistance cluster.
As a confirmation, I see a triple top pattern
on an hourly time frame and a violation of its neckline.
Goal - 106.9
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GBPJPY: More Growth is Coming! 🇬🇧🇯🇵
GBPJPY will likely bounce from a key daily support,
following a formation of a double bottom pattern
on an hourly time frame.
I think that the price will reach 196.7 level soon.
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EURUSD: Pullback From Resistance 🇪🇺🇺🇸
EURUSD strongly reacted to the underlined intraday
resistance area after the market opening.
I see a tine double top pattern on that and a formation
of a bearish engulfing candle.
I expect a retracement to 1.154 level.
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EURUSD: Support & Resistance Analysis For Next Week 🇪🇺🇺🇸
Here is my latest structure analysis and important
supports & resistances for EURUSD for next week.
Consider these structures for pullback/breakout trading.
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SILVER (XAGUSD): More Growth Ahead
It looks like Silver is going to continue growing next week,
following a strong bullish reaction to a key daily horizontal support.
The next strong resistance is 3748.
It will be the next goal for the buyers.
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CADCHF: Bullish Move After the Trap 🇨🇦🇨🇭
There is a high chance that CADCHF will go up today.
After a test of a key horizontal support, the price formed
a liquidity grab with a consequent bullish imbalance.
We can expect growth to 0.5887
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GBPJPY: Pullback From Resistance 🇬🇧🇯🇵
I think that GBPJPY will pull back from a wide
intraday supply area.
As a confirmation, I see a bearish imbalance candle that
is formed after its test.
Goal - 198.51
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GOLD (XAUUSD): Bearish Continuation Ahead?!
Gold retested a recently broken significant liquidity cluster.
I see a clear sign of strength of the sellers after its test
with multiple intraday confirmation.
I think that the price will retrace to day to 3276 level.
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GBPUSD: Strong Trend-Following Pattern 🇬🇧🇺🇸
GBPUSD is going to drop lower.
The market has completed a correctional movement within
a bearish flag.
Its support violation provides a strong bearish confirmation.
I expect a drop to 1.3202 level.
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BINANCE COIN (BNBUSD): Bullish Continuation Ahead
BNB is going to resume growth after a retest of a recently broken structure.
A bullish breakout of a resistance line of a bullish flag provides a strong bullish confirmation.
I think that the price will go up to 844 level.
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