AGCL

1. Bullish Flag continuation pattern which support Bulls if Day closing end at 67,000$ and above.2. ABCD pattern formation where exact retracement occurred at Fib 0.50 point which also support Bulls.3. Harmonic ABCD pattern Point D expected to be completed at 89,000$ in coming days if price remain above 67,000$.4. Fundamentally war and war like activities boost market prices.Bullish ABCD Pattern Summary.AB Leg: The initial move starts from point A (low) to point B (high).BC Leg: The price then retraces from point B to point C. This retracement typically aligns with a Fibonacci level, such as 0.618 or 0.786 of the AB leg.CD Leg: After reaching point C, the price moves in the direction of the original AB leg, extending to point D. The length of the CD leg is typically equal to the length of the AB leg.Entry Point: Traders often look to enter a long position near point D, expecting a reversal.Confirmation: Fibonacci extensions, previous support/resistance levels, and other technical indicators are used to confirm the validity of the pattern.

1. Bearish BAT Pattern completed and prices showed significant reversal.2. Price exactly at Support and Sell side liquidity zone area.3. Price looking towards 2330 and 2350 respectively because of much more correction.4. Dow Theory where formation of HH and HL can be seen easily.5. Fundamentally war and war like activities stimulate gold price because of safe haven.

ABCD pattern formation where C point exactly formed at Fib 38% where D point indicates 2080 level. Market Opening and Price Strengthening:The market opened with price strengthening and retested the level of 2055.The mood of the market suggests potential medium-term price growth.The correlation with the dollar is temporarily decreasing, and gold appears to be a strong asset fundamentally.Volatility and Holiday Weekend:Volatility is expected to be lower than the daily average due to the holiday weekend in the USA.Technical Analysis:The market is currently testing the 2048 level, and price consolidation above this area could signal bullish potential.Bullish potential could push the price to 2080, 2100, and 2152 in the medium term.Moving averages are worth paying attention to.Support and Resistance Levels:Support Levels: 2048 ,2038Resistance Levels: 2062, 2072,2082Fundamental Background:The market is testing support, and there is a suggestion that gold could strengthen due to a favorable fundamental background for the asset.In summary, the analysis indicates a positive outlook for gold in the medium term, with attention to technical indicators, support and resistance levels, and the overall fundamental background. Traders and investors may want to monitor the mentioned levels and factors for potential trading opportunities. Keep in mind that market conditions can change, and it's essential to stay updated with the latest information.

Cup and Handle formation at weekly chart where Cup completed its task and Handle needs consolidation between 40,000$ to 47,000$.Upon completion of Handle then actual Bearish or Bullish direction will be confirmed on break out of Handle.Handle above breakout will lead price towards 65,000$ (Liquidity zone)Handle below breakout will lead price towards 20,000$ (Point of interest)

Initiated a Short/Sell position in Gold at 2038, driven by the recognition of an ABCD pattern formation, with the C point precisely aligning with the Fibonacci golden ratio of 50%.In addition, declining on the basis of fundamentals since last week, The price makes a false break of resistance and decreases by 1.7%.Furthermore, the current price levels reside comfortably below the Exponential Moving Average (EMA) 50, reinforcing the presence of bearish signals in the market.The Dow Theory has also signaled the formation of a new lower higher , indicating a resumption of the down word trend, in line with our trading strategy.

Reasons to Sell Gold1. Break out of Distribution Phase (Wyckoff)2. Declining phase 3. Bearish divergenceBears will remain in charge below last higher high (2046-2047) (Charles Dow)Disclaimer:The information provided on this platform/website is for educational and informational purposes only. It is not intended to be and should not be construed as investment advice. The forex market is highly speculative and carries a high level of risk. Trading in the foreign exchange market may not be suitable for all individuals. Before deciding to participate in the forex market, you should carefully consider your investment objectives, level of experience, and risk appetite.

In simple terms, it looks like the market is showing signs of going up. The weakening of the DXY (U.S. Dollar Index) and support forming for gold below $2028 suggest a positive trend. The key level to watch is $2032 and the 0.382 Fibonacci retracement, which is significant for us. If the price consolidates near the resistance and breaks above $2040 despite a previous false breakout, it indicates potential for further growth, especially if there's positive news supporting it.

1-H1 current price below EMAS 20,50,100,200 which indicates bearish momentum.2- Fundamentally price will be bearish due to coming days FED rates announcements.Between December 11 and December 15, I anticipate a busy week, especially in terms of market dynamics. On Friday, there was a significant increase in the value of the dollar, causing gold prices to drop from the specified range. The market's underlying factors are still in play, and they will likely continue to impact prices over the medium term. It's important to keep an eye on the dollar's performance. When looking at the weekly chart, we observe the formation of a pinbar and a bullish candlestick, which are stronger signals indicating potential further strengthening. Consequently, both gold and the forex market may respond accordingly.

1- Current Price on Monthly support and resistance 2- Potential reversal point as Month support.3- ABCD Pattern formation where C point exactly form on 43800 $ which is Fib golden ratio.4- Vice Versa if Month support break then Fall can be seen towards 42,400$.The ABCD pattern in trading is a technical analysis pattern that consists of four price points forming a geometric shape. The pattern is typically used to identify potential trend reversals or continuations. Each point in the pattern is labeled A, B, C, and D.If you want to create a Bitcoin ABCD pattern where the C point falls exactly on the Fibonacci golden ratio, you would need to incorporate Fibonacci retracement levels into the pattern. Here's a general guide:Determine Points A and B:Choose a significant low point as A (start of the pattern).Identify a subsequent high point as B (end of the initial price move).Calculate Fibonacci Retracement Levels:Use Fibonacci retracement levels to determine potential support levels. Common retracement levels include 38.2%, 50%, and 61.8%. You can also consider the 23.6% level.Identify Point C:Point C is typically a retracement from the initial move AB. Choose a retracement level that corresponds to the Fibonacci golden ratio (around 61.8%).Determine Point D:Point D is the anticipated reversal point. It is typically found at the 78.6% retracement level or 127.2% extension level of the AB move.Here's an example:A: Bitcoin's low at $43,720B: Bitcoin's high at $44,358Fibonacci retracement levels: 38.2%, 50%, 61.8%, etc.Choose C: $15,591 (approximately 61.8% retracement of AB move)This forms the basic ABCD pattern. However, it's crucial to note that technical analysis, including pattern recognition, should be used in conjunction with other indicators and analysis methods. Markets are complex, and patterns may not always play out as expected.Always remember to consider other factors such as market trends, volume, and broader market conditions before making any trading decisions. Additionally, past performance is not indicative of future results, so exercise caution and risk management in your trading activities.

Gold-FVG and upcoming direction 2060$-2000$ 1- Fare Value Gape which is expected to be filled at 2060$ 2- Price above EMA200 H1 if break then fall can be expected towards 2000$ 3- Bearish Head & Shoulder formation A bearish head and shoulders pattern is a technical analysis chart pattern that may indicate a reversal of an uptrend. It is considered a reversal pattern and consists of three peaks: a higher peak (head) between two lower peaks (shoulders). The neckline is a support level formed by connecting the lows of the two troughs that separate the peaks. Here's how the pattern is typically identified: 1-Left Shoulder: The price rises to a peak and then falls, forming the left shoulder. 2-Head: The price rises again to a higher peak than the left shoulder and then falls again. 3-Right Shoulder: Another rise to a peak, which is lower than the head, and then a fall. 4-Neckline: Connect the lows of the two troughs between the peaks to form the neckline. The completion of the bearish head and shoulders pattern is when the price breaks below the neckline. This breakout is often interpreted as a signal that the uptrend is reversing, and a downtrend may be starting. Remember that predicting market movements involves a level of uncertainty, and it's essential to consider various factors, including economic indicators, geopolitical events, and market sentiment, in addition to technical analysis.