Starting off on the Daily time frame to understand the overall trend, you can see that price has recently made a new high around $1550 zone and now have started to Flag or consolidating close its ema’s. At the beginning of October we saw Daily price testing its 50 EMA and bouncing off that support … Read more XAUUSD – GOLD 4H Timeframe Technical Analysis
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As shown in the chart below, daily price action broke above the resistance level at $1.64 to print a higher high around $1.66 zone. Following this higher high, price has now pulled back to find support at uptrend line and the EMA’s. Forming a breakout and a pullback to its previous support structure. On the … Read more GBPCAD Technical Analysis
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Daily price action has made a higher high at $1.557 and now has pulled back to its previous structure level at $1.500. $ 1.500 price zone has provided multiple support levels arising from Price Support & EMA support. One thing watch out is if this pull back start to form a Bearish Flag. Ideally I … Read more GOLD (XAUUSD) setting up for a another push up