sergio8attieh
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sergio8attieh
Looking at the Monthly timeframe and weekly time frame BTC/USD May retrace down from 36K level 38% fib level to 30 K areas Where there will be buying zone. This is what I'm interested in otherwise I see no entry for a swing trader or intraday trader.So rejection from 36 K areas may Lead to 30 k AREA .30 K area buying zone where there will be opportunities for long positions.Be Patient
sergio8attieh
BTC USD looking to retest my blue line ( Major resistance level) and 50 % fib level2- Clear head and shoulder formation on weekly time frameWhat to do ? : Monitor this level clearly and wait for price action on lower time frame if you see and sort of rejections, wicks or struggle to break above this level ( consolidation) look for short opportunities.If You see bullish pressure don't enter wait for a valid break and retest so you can buy till next support level 34 K.If you have any questions don't hesitate to ask on the comment section below.Be carefull and happy hunting
sergio8attieh
As you can see gold formed a double bottom at 1810 creating a high impulse to the outside. On Friday Gold broke a major resistance level at 1883 levels and closed a daily bullish candle above of the resistance levels so this shows major upside for gold .Im looking for a bit of a correction to the downside before going further up to test 2000 areas again. Remember Last year The famous situation between Russia and Ukraine ? Same thing happening now in the Middle East so this means fundamentally speaking gold will continue to the upside . However 1940's level and 1950 level is a major resistance( double top on Daily time frame) level where gold can do a small correction from it . So in my opinion gold will do a small correction here.
sergio8attieh
XAUUSD CURRENTLY IN AN UPSIDE TREND AS YOU CAN SEE PRICE FORMING CLEAR HIGHER HIGHS HOWEVER GOLD REACHED A CRITICAL AREA AND REJECTED HARD FROM IT AS YOU CAN SEE.But due to world situation and heat and tension in Middle East will gold form a higher high?or we will see a lower low?AS expected GOLD UP DUE TO WORLD SITAUTION
sergio8attieh
1- Clear Head and shoulders formed on Daily Time frame2- Psychological level Rejection3- Broke lower trend-lineTargets Mentioned In the Picture
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