Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Gold: bouncing from local support
2021-02-22 • Updated
Gold’s multi-month downtrend is continuing its way. Recently, it came to 1 765 – the November highs. However, that support level sent gold back upwards. Unless gold reverts at 1 800, expect it to go upwards to 1 825 – that may be a possible target for bulls where the price will form a local high to go down again. If the bullish push will be more extended, the resistance level to watch will be 1 850 – that will only be the mark that’ll confirm if the downtrend will stay in power.
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone