• Summary

    We are seeing a nice setup on NZDJPY and CADJPY as it is approaching resistance where we might be seeing a drop below this level. XAUUSD dropped nicely from our first resistance level and is approaching our major support target: https://www.tradingview.com/chart/XAUUSD/PVCy3MIu-XAUUSD-approaching-resistance-potential-drop/

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1323.81 (23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1313.19 (76.4% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1337.19 (horizontal pullback resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1327.25 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1290 (horizontal pullback resistance, 61.8% fiboancci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1261 (23.6% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1288 (horizontal pullback resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1266 (horizontal pullback support, 23.6% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1234 (horizontal swing high resistance, 61.8% fiboancci extension, 76.4% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1222 (61.8% fibonacci extension, 50% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1234.00 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where a strong drop might occur pushing price down to our major support at 1222.44 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance we might see a corresponding drop in price. Trading CFDs […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1234.81 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1219.92 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastics (89,5,3) is also approaching resistance and we might see a corresponding […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1240.00 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1225.96 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1212.1 (Horizontal pullback support, 100% fiboancci extension, 38.2%, 50% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1240.0 (horizontal overlap resistance, 61.8% fiboancci extension, 38.2% fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1240.06 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur pushing price down to our major support at 1208.78 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also facing bearish pressure and we might see a corresponding drop in […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1215.87 (horizontal overlap support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1238.09 (horizontal pullback resistance, 38.2% Fibonacci retracement). RSI (55) is also seeing a bullish exit and Ichimoku cloud is also showing […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1192.86 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1185.48 (horizontal overlap support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) […]

  • XAUUSD approaching resistance, potential drop!

    XAUUSD is approaching our first resistance at 1197(horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1193 (horizontal overlap support, 100%, 61.8% Fibonacci extension, 50% Fibonacci retracement). Ichimokucloud is also showing signs of bearish pressure in line with […]

  • XAUUSD approaching support, potential bounce!

    XAUUSD is approaching our first support at 1193.73 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1200 (100% Fibonacci extension, 50% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in […]