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#gbpchf
Facing a strong support horizontal and resistance becomes support area. Price has completed its wave 4 near the mentioned zone and started its bullish wave towards the wave 5 which is indicating a correction phase is almost end and new phase is going to start. As we can see price has following a structure and after the consolation a big move can be seen on the chart is well. Price hold the area very accordingly and further if it holds more we may see a good momentum in coming days. As the coming days had a lot of fundamental news which may affect a lot on it's major pair but if price successfully hold the momentum zone then surely will follow-up the mentioned chart.
#xauusd
For the first time after a half year we have seen price has respected any price action channel during the high momentum last week. It looks like moving in a ascending channel pattern and near the vertical resistance sudden fall indicating that price may complete it's 61% fib retracement Level and new buy opportunities can be seen on the chart in coming days. Price has followed it's wave pattern of 12345 and near 5 we have seen a reversal and market may trap buyer near the small support like previous ones. The horizontal solid support is clear and fib Level may have the more power as predicted. Ascending channel can push the price more upwards in coming fundamental data.
#usdchf
Fresh low near the monthly supply zone and most support zone of this year. Price has reached a lower low where chances of recovery is possible towards the resistance zone. As price has formed a solid support which has the ability to push towards the resistance zone in coming days. CHF also following a pattern of waves. In ABC pattern price is ready for the next impulse towards the C area. After the recovery our first targeting zone will be descending trend line where last time price has dropped. More consolidation near the zone will create more opportunities in coming hours. We will be looking for a good reversal candle near the zone which will be end of last impulse. This setup will only be valid until price holding a support zone. If incase price gives no reversal sign near the zone this setup will be fail.
#eurusd
Facing a strong horizontal resistance and price has already formed a double top on the top is well. Price also completed its trend according to wave analysis as we can see the structure. Eur until below the zone chances are higher we may see a drop down towards the fib level of 61% which is the ideal for the bullish Momentum although here setup is risky price can and have the ability to cross over the mentioned zone. But in near the zone a long impulsive leg will also complete its fib retracement of 61% as I mentioned in my last forecast and price followed it very smoothly and we have seen a drop down. In case price has started consolidation near the zone then the setup success chances will be lesser as expected. Before trade check proper price action as the current situation not allowing the trade comfortable ground.
#us30
Reached in a overbought zone although dow Jones gather more buyer above 38k. Price has following a ascending channel in order to maintain its support and resistance price followed vertical support and resistance according to the channel. In ascending channel price has also followed wave structure is well. Wave 5 and E will almost end near the vertical resistance in coming hours where two major factors will create bearish opportunity in my view. As we can see the structure price has moved the same as wave moved. All Point on the channel followed by the price very accordingly. Near the horizontal resistance buyer rushes the price very smoothly and in opening session successfully price has broken the area which was Valid in last week. Although it may stop near the mentioned zone and wave E after completion may push the price downside in coming hours.
#gold
Price hit ATH 2590$ and also hit the ascending channel top resistance where we have seen a little stop. Price has completed its wave 3 and after a correction on the key support we may see another bullish impulse for wave 5. Price is in bullish mood totally and no specific support can be seen on the chart that's why we are considering last broken zone as a good support because this area is also acting as a resistance becomes a support area. Near the zone we may see end of correction wave 4. Gold price bulls turn cautious ahead of the crucial FOMC policy meeting. Bets for a 50 bps Fed rate cut should keep the USD bulls on the defensive and lend some support.China economic woes the US political uncertainty and geopolitical risks further limit losses. All upcoming events will play a Major role. Check proper price action before the Trade.
#xagusd
Price has completed it wave 3 under a channel resistance and last impulse is ready for the correction phase within a channel and correction phase is expected to the 61% fib retracement Level. Price following a ascending channel move for the last two weeks and we can see on the chart whenever price has hit the top resistance we have seen a good reversal towards the bottom vertical support and in coming days we may see a same protocol as price did last time. Wave 4 is very important for next impulse if incase price didn't stop near the mentioned zone then the weekly supply zone sure will push the down and chances are higher it will change its trend is well. Be careful check proper price action before trade.
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#usoil
Oil pricejumps above 70.00 as Iran missile strike on Israel sparks fears In global oil markets. Middle East geopolitical risks underpin the WTI.
Crude Oil Inventory dropped, falling short of expectations. Price hold a very strong horizontal support and started its bullish Momentum after hitting a mentioned Level which is a good sign for the oil. This move will create more opportunities for the bullish trader and chances are higher we may see a upwards momentum towards the descending trend line area.
#gbpusd
Price has following it's impulse correction pattern for the last two months and I showed my best waves on the chart. Price has recently formed a reversal pattern of rising wedge and near the vertical resistance price has also created triple top pattern and price respected the both area and started its correction towards the lower end and vertical support of rising wedge. In wave 5 we have seen a weakness which is the strong indication of new correction towards the bottom end. Near the vertical support price has also having a good horizontal support which has the ability to hold the price very smoothly. Price until moving in a corrections this setup looks Valid for the coming days. If incase it broke the the correction area in any direction then setup validation will be fail. Try to find the best opportunity in both area of rising wedge.
#audcad
Price has following a ascending channel for the last two months and price is moving within a channel and no unexpected move for the recent months. Price will complete its wave 5 and E near the vertical resistance of ascending channel of long term trend. Recently price has grown from the same zone where I predicted and price did the same as expected. Now the current wave structure is allowing price to complete it's wave 3 near the zone and after completion of wave price may start it's bearish correction to complete it's wave 4 and and then may start it's journey towards the last wave of bullish Momentum which will cause may end of trend. Every time price has followed the same wave concept and In coming days I am pretty sure it may act according to analysis as shown on the chart.
#xauusd
Gold holds gains on bets of more Fed cuts, Middle East tensions
Gold is continuing its uptrend as markets continue to price in more interest rate cuts from the Fed. Such cuts would make Gold, a non-yielding asset, more attractive. Rising tensions between Israel and Lebanon push up haven demand for the precious metal.
Breakout of horizontal range During FOMC meeting and completion of wave 5 giving more bullish scenario after the retest of broken zone last week. Price has moved without any corrections and the correction phase is very clear for the next impulse until the gold following the bullish trend and in coming days expectations are higher we may another impulse in higher end.
#gbpaud
Price has completed its wave 4 near the 61% fib retracement Level. In last impulse wave 3 we have seen a good bullish Momentum and may be the like the previous ones price again gives a movement like it. After completing wave 4 price has started its bullish consolidation on the mentioned zone which is a good sign for the mentioned recovery. Near the support price also react a lot and resistance becomes support area pushes more towards the higher high. Still did not make any recovery as expected but hope for the best until price over the zone we can expect more momentum towards the higher end resistance in coming days.
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#eurchf
Moving in a descending channel and three to four times channel support and resistance made a important role in reversal of price. Price complete wave 3 of last pattern and after a small correction price is going for completion of wave within a channel. Where ABC correction further will push the price towards the vertical resistance. Price wave structure allowing us in different places to trade. As the structure demands for a good bullish move on the vertical support of channel where last time price has got recovery. And in coming days we may see again bullish Momentum from the same zone.