The gold market (XAU/USD) showed remarkable resilience, extending its gains on Friday and rising slightly by about 0.89% to trade around $4,379, successfully recovering from its previous lows to a near two-month low of $4,235. This upward momentum...
NZD/USD H4 Outlook: RSI 39.63 Signals Bearish Momentum as MACD Remains Negative NZD/USD is trading at 0.57204 on the H4 chart. The visible indicators show a market with weak short-term momentum following its prolonged decline. RSI(14) is at 39.63,...
XAUUSD D1 — Complete Smart Money Concept Market Structure Analysis 1. Overall Daily Market Structure Your chart is XAUUSD, D1, and the analysis below is based strictly on the price action, candle formations, levels, volume and marked structures...
Analysis of the GBPUSD Daily Chart: Market Structure and Price Action The primary trend on this Daily (D1) chart reflects a broad consolidation phase that has evolved into a corrective bearish structure. Following the peak established in late April...
Basic Price Action in Forex Trading Price action is the study of how price moves on a chart. Instead of depending mainly on indicators, price action traders focus on candles, highs, lows, market structure, support and resistance, breakouts,...
