Gold trading inside minor and major support zones Gold Sell off as Dollar rallies after CPI report Volatile market conditions expected The Daily Support Zone Last week we spoke about the major support zone in GC in this article. We still find a lot of buy support happening at this level even after a major Read More…
The Ichimoku cloud indicator, also called the Ichimoku Kinko Hyo, is arguably one of the most versatile technical indicators. At first glance, it may appear convoluted and probably hard to understand, especially due to the several components. However, its greatest advantage is that it combines backward and forward-moving averages to determine an asset’s trend, momentum, Read More…
Major Support Zone Proving to be strong on the Daily chart Downtrend Channel on the 2-hourly chart Potential 1-2-3 Reversal pattern on Daily Chart What Has Happened? Since August 31, we expected some strong support around the $1,715.3 level; we have seen that play out now with bids coming in the past week as the Read More…
Moving averages (MAs) are among the most popular technical trading indicators. Their popularity majorly stems from their simplicity and versatility – they are easy to calculate and use; can be used to show both a price action’s trend and strength. Thanks to their popularity, several variations of the moving average exist. This guide will discuss Read More…
Continuation chart patterns occur in a trending market and typically indicate a momentary period of price consolidation before the market continues trending in the previously observed trend. This guide focuses on one such chart pattern – the flag chart pattern. We’ll break down the bear and bull flag pattern trading. What is the Flag Chart Read More…
Trading the support and resistance levels of an asset is probably one of the oldest and most reliable technical strategies. It goes without saying that asset prices never trend in a straight line – any trending market is often punctuated with momentary pullbacks or retracements. This is where Fibonacci retracement levels come in. These levels Read More…
