OraclePips

In the daily chart above, we see how the bulls have taken control of the market before the recent pullback. The wedge pattern has been broken to the upside and the price has retraced to the demand area. What next? The answer is that the bulls may continue pushing the market to the upside in the coming week because of the bullish pin bar that has been printed on the h4 timeframe, as this is an indication of weakness in the bears. Trade with sense; don't just jump into the market blindly. Wait patiently for confirmation.

Hello there, let's discuss what could probably happen in the gold market in the coming week. As you might see, the gold order flow has been bearish for the past few weeks now, as indicated in the weekly timeframe by a trendline drawn in the chart, showing us that gold might continue to go down to the 1885.325 support level area. You may ask why selling gold. See the answer below: Important Note : An inside bar that formed at the key level area (trendline resistance area) in the weekly chart is a clear selling confirmation of this downward move. There may be a little pullback though, which could make the coming week's weekly candlestick have a wick/tail before completely going down to the 1885.325 support level area. If gold succeeds in breaking this level to the downside, it could head down to 1804.873. But, watch out to sell gold in the coming week in the lower timeframes like h4 downward. Conclusion: Gold flow is bearish, and it will sell in the coming week.

The price has retraced to the FVG and mitigated it. It has also respected the 50% Fibonacci level by printing an inside bar candlestick pattern, which is an indication of the price reversal We are waiting for one more signal before taking a trade. But the overall market bias is bearish.

We remain bearish as long as the price stays below the supply zone. The current market behavior around that zone shows that the bulls are struggling to break to the upside. If they fail, then expect the price to head down to the demand area before the bull could step back into the market to push the price higher. Remember, the banks will never buy there. If they are successful in breaking the zone to the upside, then expect the price to continue going up.

Currently, the gold is at the supply zone lingering and showing rejections of the zone, which is an indication of the bulls becoming uninterested in the price of the asset. If finally, the bulls show no more interest in the current gold price, then expect it to drop down to the demand area where we could see the bulls coming in to push the price higher. Bias: we remain bearish as long as the price is below the supply zone. But the moment the bulls are successful in breaking above the supply zone, then we turn bullish on the market.

The xauusd market flow is bearish, as indicated in the chart analysis above. The price has retraced to the order block area and shows a rejection in the upward movement as it reached 76.8 I fib level. Order type: Market Stop: above the bearish don't candle Take profit: 1920.095

Hello there, technically, the xauusd is showing a bearish reversal as the price has broken the previous low and is headed for a retest right now. The smt chart pattern that the price has printed on the chart is called a bearish mitigation block. The price is currently below the 50 percent fib level, showing a bearish momentum to the downside.

Hello there, we may see a sell continuation today in the gold market as the price is currently lingering between 61.8 and 50 percent of Fibonacci levels in the downtrend market. Also, a nice bearish engulfing candle that completely swallowed the previous bar has been printed on the chart, showing us that the bears are in control. Market condition: Bearish Order Type: Market Stop loss: Place it above the bearish engulfing candle=1940.745 or 1935:313, depending on your lot size. Profit Target: First: 1907.931 Second: 1894.313 Third: 1829.365--Don't be greedy. Happy trading

Looking at the chart above, you will see that the price is making a short pullback to the key level area. But I bet with you that this is the best time to shorten it by going down to the lower timeframe like H1 or m15. The price is still within the range of the pin bar candlestick. If you short this market, then the best area to place your stop is above the resistance line.

Currently, the gold order flow is bearish. The price has broken and retested the strong support level. Now, the bulls appear to show no more interest in the price of Gold because of the presence of the exhaustion candle, a semiclassic pin bar, that has been printed on the chart at the key level area, followed by a small bearish candle. Expectations: we expect a bearish continuation tomorrow. I'm expecting this to move to 1912.342 tomorrow.