Simba_Trading

We have been ranging on the higher time frame since April 2024 after we broke a decade long resistance and created an all time high. But what about now and coming week's?Technical→ We broke a trend line. → We keep respecting the support level at around 2290. Three times now.→ Monthly closed DOJI which is bearish signal but 3 & 6 Monthly closed in the green. Weekly is also green.Fundamentals → Friday NFPCheck investing.com or forexfactory.com to see the data release on your timeframe. → DXY is struggling to break resistance. Trade→ NFP is very important. I want to see how we close this week→ We need to confirm the trendline by closing above the previous daily high. If we do we can go to the next zone.Gold confirmed break out of the trend line with a strong bullish candle which even broke previous zone. Based on the charts biased is bullish on the short term. [image[We broke out as predicted in my analysis. Congrats to all buyers. Did you not profit the wave up? Here are new opportunities for you in scenario 1 and scenario 2 both looking for long play!. BE AWARE OF THE POTENTIAL GAP BECAUSE WHEN MARKET OPENS ESPECIALLY WITH ASSASINATION ATTEMPT TO TRUMP

Gold is one of the most hyped trading instrument of 2024. With all geopolitics going on I am very bullish of GOLD. I dare to say we can 10x from here when the current financial fiat system collapse as it will at some point. Yes I said it ;-). But let's not listen to me let's look at what the technicals say right now. I believe we will have a pullback coming. Technicals→ We created a double top → Week prior we created an engulfing weekly candle which the body encapsulated the weekly candle before. Although last weekly we saw a doji I still think we can drop soon. → Monthly we didn't have enough volume to close engulfing. We didn't even close past 50% of that wick→ We broke the trendline. → We are creating a bear flag on the daily.Trade → We can go to first zone and bounce back up like the first play say→ I believe second play is most likely. I see a major support there. → 3rd play is the play when whenever price goes there anticipate a HEAVY support. Your trading friend,Simba TradesWith the correct logo now ;-)Outlook is still bearish. Looking for shorts next week.Scenario 1 has played out no bearish bias for short term

BTC has been quite quiet lately but is it accumulating for an ATH? Let's look at the technicals.Technicals → We broke above the channel and respected the retest. However, we failed volume to confirm the trend break. Are we accumulating to go up, or we are we failing? → There is also a zone which price touched multiple times. Trade→ I am conservative here for a swing trade. I like to see we a confirmed break at the 8H first resistance of around 70K$Your trading friend,Simba Trades