Technical Analysis of Gold 1. Chart Description and Content The chart shows a 4-hour chart for gold, where the following tools are used for technical analysis: Weekly pivot point levels, which are used as support and resistance levels throughout...
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EUR/USD is currently trading around the 1.1688 level on the H4 timeframe, indicating that price action is indicative of a controlled consolidation phase following a recent bullish expansion. The pair has entered a structured pause rather than...
False breakouts are one of the most common and frustrating traps in forex trading. They occur when price appears to break through a key level—such as support, resistance, or a trendline—but then quickly reverses direction. Many traders interpret the...
Greetings, and have a good day to all my traders and visitors from all over the world. Today the market is open, and we can trade according to our trading plans. I will also share a technical outlook for the EURUSD. Let's start to analyze the...
