*XAUUSD - 2H Technical Analysis Report | OANDA* *Current Price: $3,976.39 | Change: -$83.94 | -2.07%* *1. PRICE STRUCTURE* Market is *testing the bottom of Descending Channel*. Major Swing: $4,200 high on July 3 → Channel down → Now at channel...
NZDUSD H2 Technical Analysis: Rising Channel, Testing Midline Support. NZDUSD is trading at 0.58428 on the 2-hour chart and remains inside a clear ascending channel. The H2 timeframe shows a strong rally from 0.58054 that pushed price up toward the...
Common Mistakes to Avoid When Using Fibonacci Retracement 1. The "Recency Bias" in Swing Point Selection Beyond just being inconsistent, traders often pick the most recent swing high/low because it’s visually obvious. This is a mistake because not...
Gold Analysis The XAU/USD currency pair maintains a short-term bearish bias below the 200-day Simple Moving Average (SMA) and inside a larger downward parallel channel. Yet, mixed momentum indicators—a marginally positive Moving Average Convergence...
