2021 August
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XAUUSD is approaching the 2018 bullish trend-line.
- August 9, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
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The Nonfarm Payrolls (much) better than expected numbers delivered a major blow to Gold last Friday, which was extended today into one of the most violent daily sessions of the past 2 years (along with August 12 2020 and March 16 2020), that reached the March 2021 lows, which currently acts as the Support
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BITCOIN is testing the 1D MA200, key to continue the Bull Cycle.
- August 7, 2021
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Not that long ago, on July 21, when Bitcoin hit its two month Support Zone of 29000 – 30100 and Triple Bottomed, I posted the following analysis indicating that the Target was the 1D MA200 (orange trend-line): Well today the price finally reached that level after 72 days (first time since May 26), and
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BITCOIN 2nd straight green week and 1st green month since March!
- August 3, 2021
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
What do the above candle closings on the weekly and monthly time-frames tell us? In my opinion quite a lot of information. The weekly (1W) closing came after holding the 1W MA50 which has been the Support for over 1 year now (since late April 2020) after Bitcoin recovered from the COVID March 2020
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XAUUSD Sideways until one of those lines breaks
- August 2, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
Pattern: Rectangle on 4H. Signal: Scalping as long as the Resistance and Support zones break. (A) Buy if the Resistance breaks, (B) Sell if the Support breaks. Target: (A) 1870 (just below the 2.0 Fibonacci extension), (B) 1760 (just above the 1750 1D Support). Tradingview link: https://www.tradingview.com/chart/XAUUSD/FE4dVAoe-XAUUSD-Sideways-until-one-of-those-lines-breaks
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