GOLD ANALYSIS

As GOLD was the highest voted CFD , here is the full analysis on 4H frameGOLD  trading inside a triangle patternyesterday Gold failed to break through resistance level  at 1740.00Price below SMA 100, 200price now at HVN as important area to determine the directionfirst scenario : if price broken key level  around 1690.00 and 4H close below it , it will confirming bearish movement to support level around 1560.00second scenario : if ...

EUR/USD Technical Analysis 2/6/2020

EUR/USD was in trading range between levels 1.0770 and 1.1010then strong bullish movement occurred and broke the key level (2) at 1.1140 Pair is based above SMA 100 and 200Preferable scenario: we are waiting price to be closed above key level (2) on daily frame to add more long positions, it's expected after that for the continuation of bullish momentum to target supply zone near level 1.1480Another scenario: Bearish movement could be o...

Gold Technical Analysis

Gold is trading in an upward trend in the long term , reached major bullish wave(5) then entered a correction inside a triangle , ended the bearish correction at the wave (e) and started forming bullish impulse wave (1) , ended bearish corrective wave (2) at the level 1700.00 Then broke the downtrend line to start bullish impulse wave (3)price above key level around 1722.00 ,above SMA 100, 200MACD shows bullish momentumRSI in uptrend line above 5...