arnvon1213

GOLD TECHNICAL ANALYSIS As of October 17, 2023, at 09:00 AM, let's analyze the current technical situation of Gold. 🟡 Gold is currently positioned at a higher low (HL) on the downtrend line. It recently encountered resistance at the Senkun Span, which is a significant level within the Ichimoku Cloud. Subsequently, it underwent a brief bearish movement to maintain its position below the cloud. We should keep a close watch on whether this trendline will break, as such a development could indicate a robust bullish momentum, particularly in reference to the lagging span (the green line). After enduring a bearish trend over the past 10 days, a break in this trendline might propel Gold back towards the $2000 level. Additionally, there are signs of a distribution phase underway, suggesting that Gold might trade sideways. If this scenario unfolds, we should be prepared for another downtrend, likely as a corrective phase. 😊😊😊

Gold if Passed and breaks the 1985 level we might be seing another 2000 level in the making. Extra caution on SELL position if happens. Stay close on the bounce. It may happen anytime soon.

This week will be critical if the 2nd wave correction is done or it will continue to be on bearish momentum. Let's see.

Welcome to our TradingView analysis for the upcoming week of June 26th to June 30th, 2023! 📈📉 In this forecast, we anticipate the continuation of a bearish momentum in the market, suggesting potential trading opportunities to play on the 1900-1935 level before encountering strong support at 1880. However, if the bearish trend persists, based on historical trends, there is a possibility of the price hitting the 1820 level. 🐻 Bullish traders will need to strategize and overcome this crucial point to prevent further continuation of the bearish movement. Monitoring price action and identifying potential bullish signals will be key in determining whether the market can reverse its current downward trend. 🐂💪 Stay tuned for our daily updates throughout the week as we closely monitor the market's movements and provide timely insights to help you navigate these trading conditions. Remember to exercise caution, perform thorough analysis, and develop a well-defined trading plan to mitigate risks and maximize potential profits. 🚀💼 Disclaimer: This analysis is based on historical price trends and indicators, and it is important to conduct your own research and analysis before making any investment decisions. Trading involves risks, and past performance is not indicative of future results. ⚠️📊

XRPUSD about to form a Cup and Handle Pattern??? Take a closer look on what might happen to XRPUSD. If it correct or make a pullback on 0.50 level, then we have a last chance to get XRP on its lowest level prior to higher level. Watch out for any development the might happen anytime soon. Case: SEC vs Ripple XRP.

The next candle for Gold will be critical as it breaks the downtrendline. Traders should pay attention on a possible big movement due to the problem of US banks. This will be felt in other setor and even in crypto. If it confirms the bullish candle the next couple of days, I will be on LONG position for gold.

with a strong Dollar, I can still see the Gold to be on a downtrend for this coming week and may hit @ 1792.00 level if the Trend continues. and bounce back to 1809 level.

BTC Form a Hidden Bullish Divergence that resulted to a bullish momentum. Next target will be 26,000 level. Expect minor pullback prior to target Price. I will short and then Long for this.

For Gold for this week, waiting for the crossing of the Tenkan-Sen(9) and Kijun-sen(26) this week., Upon crossing expect sideways or a reversal trend to happen. Likewise Be particular on the Bearish ENGULFING happen last Thursday candlestick. Expect more Short Selling this week as the candle was to big to ignore. Let me know your idea and comment below.

My current GOLD Set-up for the week, SHORT SELL if Trendline (RSI) breaks, if it breaks the 1950 I might SL may SHORT SELL @ 1940.00. It is slowly lossing momentum now (on Uptrend).