Cartela

Price is warming up to make a massive drop (correction) in higher Timeframe. We can spot a Wedge pattern that’s currently forming on the H4 timeframe which signals a bearish continuation. This would be the first significant correction since price broke out of the $2000 psychological level. A sell opportunity is what we await to capitalize on this market.

XAU/USD just found a resistant around the 3357.80 level. This brings about a new development on the pair by shifting from bullish sentiment to bearish. Therefore in couple of months to come, I anticipate a shorterm bearish trend to emerge in this asset. We’ll be tracking the market for potential sell opportunities.

BTC reacted a pullback support of 117,140 this is a crucial point where we look forward to seeing a rebound. We anticipate a bullish rally from this week. Keep an eye at this level as the week progresses. A rebound indicates possible gains. A break below might take us back to 110k level.

XAUUSD (Gold) previous bullish momentum that was currently developing slowed down in the early hours of New York trading session today around the resistance level of 3357.80 I sense a big correction coming on Gold especially as higher timeframe (monthly) is already showing multiple candlestick exhaustion which signals profit taking activities after a prolonged bullish trend that has been developing since the major breakout around the $2,000 level. A sell opportunity is Envisaged once our entry criteria is met. Expect a significant drop in price!

We’re looking at the market structures BTC is making from the M15 timeframe and we can spot a nice buy opportunity around the 38.2% fibo retracement of the recent impulse like pattern created in H4 I still believe price is going to trade bullish up onto $123419 A buy opportunity is envisaged from the current market price.

Price surged High with strong buy momentum in H4 timeframe and recently traded a new all time high. This provides us with a potential buy opportunity as price currently trades at 117392.00 our target profit is at 119634

I am still bearish in XAUUSD. I still anticipate a correction to occur in the market as price still finds it difficult to break the make a new high. Technically, I’ll be monitoring when price will resist the High one more time this coming week so as to gain a potential sell entry!

Price broke and retested the level of 3311.56 therefore, from the technical perspective, a double button pattern is already formed and the neckline is broke. So, buy opportunity is envisaged.

The support level of $3248 remains unbroken which means the bullish trend is likely to resume after we had a sharp drop In price few days ago. We’re expecting a 450pip in profit from XAUUSD.

H1 is trending bearish. Price is reacting at a pullback resistance. From a technical standpoint, I anticipate price to drop below that level. A sell opportunity is envisaged from the current market price.