The parabolic curve on the CL chart continues to act as support. A Potential inverse Head & Shoulders formation on the 4-Hourly time frame. Point of control volume profile acting as resistance. Daily Chart Recap From last week’s multiple tests of the parabolic curve, CL is repeating the same tests once more, with the price Read More…
Gold bears are targeting lower prices. Spinning top from yesterday’s session on the Daily chart. Price retraces to test the neckline of a head & shoulders on the 2-Hourly chart. Recap From Earlier This Week On Monday 24th, we looked at the slight bounce in Gold prices out of the minor support potentially forming a Read More…
The recent price run-up seems to be slowing down. Resistance has been found at the 78% Fib level. Expecting lower prices for NQ with a possible target of $11,068.50. Daily Chart The Fibonacci retracements give us a possible scenario where the price could test the 100% line at $11,068.50. Looking at the recent bounce off Read More…
A recap of the Bullish Parabolic curve. CL looking more Bullish Potential targets of $90 & $93.64 are still probable. The Parabola The parabolic curve mentioned in last week’s analysis has been tested on five different sessions now, with each attempt being bought up, resulting in bullish candlestick formations on the daily chart. This indicates Read More…
Could this be the last call for the bears as price rallies? Bearish Doji Pattern forms on the Daily chart. Symmetrical Triangle Formation On 4-Hourly chart. Short Opportunities With Very Low Risk Before we take a look at the developments in the Euro and what to expect moving forward, read over the previous article as Read More…
Gold Futures prices bounce off the minor support zone. The smaller time frames show many trade opportunities. The bearish sentiment remains. Quick Recap Last week, we mentioned the possibility of a bounce out of the minor support zone at $1,622.20-$1638.50 within the larger term downtrend. Take a look at the article here to get a Read More…
