Continuation Chart Pattern with a breakout from the trendline and a retest giving ample confirmation of a Bullish move. Possibility to go long.
Clear rising wedge pattern and price at the key trend line. Possible movement towards the towards the 1808 level.
Rising wedge pattern and a breakout from the Trend Line Signalling a bearish trend has started.
On the Hourly Chart, it is Rally Base Rally for Gold all the way upto 1800 level.
Falling Wedge Pattern identified in the daily timeframe. Most likely EUR to bounce back and if the trend line is breached, then opportunity to go long.
With Greenback on the road to recovery from the previous week's low, Gold is likely to see some bearish days.
After a long time the Loonie has managed to touch upon on the very key resistance level it had seen in months mainly due to the lockdown situation in Aussie which had seen the currency plummet since Jun 21. A breakout at this key level will see the loonie fly off, however, since the RSI is currently in the overbought zone, this may also signal a possible...
What do you guys think of this. Gold respects its support and resistance level. At this consolidating wedge pattern it may break through to the upside to reach the previously drawn support level of 1832
In my view Natural gas is due to break the bull run now and heading for a bearish mode