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[mihaitrader]

#Gold- Immense Bearish Engulfing, change of long term trend? There had been 2 very volatile days for Gold , Friday with a strong reversal from 1825 to 1875 and yesterday with a hard drop from 1880 to 1825 again, putting in an immense Bearish Engulfing on our daily chart . At this moment the long-term bull trend for Gold can be in jeopardy with the price sitting on very important confluence support given by 1820 horizontal support, but, more importantly, on the long-term trend line . Considering the sequence of lower highs started with 2050 old ATH and the incapacity of Gold's incapacity to pass above 1880 resistance there is a high probability of a change in the long-term trend. I'm bearish at this moment as long as the price stays under 1880 and selling rallies can be a good strategy. 1840-1850 zone is resistance and, a break under 1800 could lead to a big drop even to 1680 on longer term. #xauusd #forex #fx #forextrading #forextrader https://www.instagram.com/p/Cexh9lBDuZW/?igshid=NGJjMDIxMWI=

[mihaitrader]

#GbpUsd- Where is my sell zone? Since the recent 1.2180 low, GbpUsd has risen nicely and now the pair is trading at 1.2640. However, the long-term trend for the pair is grossly bearish and the pair now is facing strong resistance at the 1.27 zone. Also, the rise from 1.23 is contained in a rising wedge and this can lead to a reversal. My sell zone for GbpUsd is around 1.27 with negation above 1.28 and I expect a new leg down in the near future. #forextrader #forextrading #forex #forexmarket #fx #fxtrader https://www.instagram.com/p/CeLNmY2j5HZ/?igshid=NGJjMDIxMWI=

[mihaitrader]

#Bitcoin- New leg down more and more probable Two days ago I said that if Bitcoin could manage to break above 31k resistance it can continue its rise towards important 36k zone resistance. However, as all can see, these days is lack of interest when it comes to Btc and the crypto market in general and Btc couldnțt find power to break above. Technically speaking, we are still in range but the odds are in favor of a break down at this time. In such of instance, 25k low is exposed, but I wouldn t be surprised if we will have a new low under. That being said, I will look to sell rallies around 31k with a daily close above 31.5k negating this scenario. https://www.instagram.com/p/CeBPQxHje0B/?igshid=NGJjMDIxMWI=

[mihaitrader]

#Platinum has formed a strong base (update on our trade) As I said yesterday, I expect Platinum to rise and reach the 1020-1030 resistance zone , and price evolution in the past 24h adds more confidence in this trade. Looking at the daily posted chart we can see that the drop started in mid-March has stopped in important daily support at around 900 and last week we have a sequence of Doji candles in this zone. Friday we have a strong bull candle and yesterday we have a Pin Bar that is diverging with Gold evolution (hard drop). Going further my expectations are strongly bullish and only a drop under support would change my opinion. https://www.instagram.com/p/CdFmoV0Du7a/?igshid=NGJjMDIxMWI=

[mihaitrader]

#Gold- Still bullish above 1875-1880 zone Last week I've argued that Gold should reverse from the 1875-1880 zone and, indeed, after a short-lived spike down, the price reversed and has risen to touch the 1920 target zone. However, after reaching this resistance, bulls lost control and XauUsd sold off and finished the day with a pin bar . Despite this price development, I will remain bullish as long as Gold stays above last week's low and I expect price to get back above 1900 again for confirmation. On the other hand, a break under 1870 would expose 1840 important support https://www.instagram.com/p/CdCbtavI_Mz/?igshid=NGJjMDIxMWI=

[mihaitrader]

#SP500 is sitting on support, breakdown is imminent n my previous analysis regarding SP500 , I said that I expect a drop under the 4k figure and things are getting closer and closer to that moment. Looking at the price action for the past 4 months, we can see that after a very bad start of the year, stocks have tried to recover, but sellers capped gains in the 4.5-4.6k zone. A new attempt of recovery started in late March, but again, sellers took control in the same 4.5-4.6k zone. Going further into last week, we can see that after reaching support again, SP500 rebounded on We and Th, just to sell off hard on Friday. All this price development, for me at least, is very bearish and I expect a break of support. In the medium term, my target remains 3.5k, September and October's 2020 highs, and also Fibo 50% for the start of "pandemic" rise, and only SP500 back above 4.6k is bullish in my book. Of course, also my strategy remains the same: Sell Rallies https://www.instagram.com/p/CdAtdeVjv5s/?igshid=NGJjMDIxMWI=

[mihaitrader]

Will #Gold resume its uptrend? In the past two months, Gold was extremely volatile with ranges on some days of 500 pips or more. However, looking at the daily posted chart we can see that since last August's low at 1680, the trend is up. At this moment, the price is very close to retracting all "war" effects and is entering a strong buy zone. Technically speaking 1880 should provide strong support and, in my opinion, dips around this level should be bought. The target for bulls can be 1920 now resistance and a daily close under 1870 would negate this scenario. https://www.instagram.com/p/Cc2Kp8HjU_c/?igshid=NGJjMDIxMWI=

[mihaitrader]

#Gold- Best place to buy In my yesterday's commentary, I said that 1910-1920 is the line in the send for bulls and the price has dropped under this support resulting in a small loss. However, looking at the chart, we can see that the trend is still bullish and now the price is trading in a strong buy zone. In my opinion dips under 1900 should be bought with support extending to 1880. https://www.instagram.com/p/CczgcLYj-AY/?igshid=NGJjMDIxMWI=

[mihaitrader]

#Gold- 1910-1920 is the line in the send for bulls Last week, Gold has failed to hold above 1940 support and after it has broken under, the price dropped quickly and is trading just above 1920 next support at the time of writing. Looking at the posted chart we can see that 1910-1920 is a very important support zone and for the price to remain bullish it needs to stay above this zone. A reversal from here could lead to further gains with 1960 resistance in focus but, on the other hand, a break under could lead to further losses and 1880 can be the next target. More importantly, if bulls could not manage to hold the price above, we have a false break above 1960 and a lower high in place at 2k. This can mean a switch to bear trend in the medium term. https://www.instagram.com/p/CcwuPO-Dnlz/?igshid=NGJjMDIxMWI=

[mihaitrader]

#Bitcoin and my " problem" with selling at 40k I'm bearish Bitcoin and the crypto market and, to be honest, I don't expect a new ATH this year. However, the more I look at the chart the more my confidence in selling at 40k decreases And I have 2 issues with selling the 40k scenario: 1. Bitcoin has dropped more than 50% from top to bottom contained in a channel. And as I have a " problem" with rising channels, and expect a reversal, the same I have with descending channels 2. And more important, all speculators want to sell that resistance and a stop hunting above 40-41k becomes very probable So, if the price goes there, I expect continuation to at least 45-46k, not a reversal. Time will tell, but if Btc goes above 40k I will become bullish for the above reasons. https://www.instagram.com/p/CZbcr_UsKrO/?utm_medium=tumblr

[mihaitrader]

#Gold- 1800 and slightly above should be sold In my weekend analysis, I said that the strong bearish engulfing (visible on the weekly chart) that not only engulfs the rise from the beginning of the year, but 5 weeks of trading is a strong indication that the most probable move is down. At this moment, Gold is trading at 1787, slightly above support and potential rallies from this support should be considered a good opportunity for bears. 1805-1810 zone would be an ideal zone for selling and only XauUsd back above 1830 would negate this strongly bearish scenario https://www.instagram.com/p/CZYs0jAs9DA/?utm_medium=tumblr

[mihaitrader]

#Gold- The best place to sell As I suspected and written multiple times, Gold is bearish If we look at the chart we can see that 3 weeks of growth, from the beginning of the year, are erased by just 2 bearish days, giving us a clear indication that bears are strong. From a technical perspective, Gold has broken down multiple important support zones starting with 1830, confluent support of wedge's trend line , and horizontal support followed by another confluent support at 1810. At this moment Gold is correcting this 600 pips drop( exactly from my first target for this drop) and this can provide sellers the opportunity to join the trend. A level to watch is 1810 old support and only Gold beak above resistance would negate this bearish scenario. #forex #forexmarket #forextrader https://www.instagram.com/p/CZQhgUjDCyB/?utm_medium=tumblr

[mihaitrader]

#DXY- Up we broke, 100 is in cards If you follow my ideas, you know that I'm bullish USD for quite some time, and the market didn't disappoint me so far. Looking at DXY , we can see that after the drop from 2 weeks ago, USD has found strong bids exactly in the confluent support given by the trend line and the horizontal one, and a strong V shape recovery followed. Now we also have an up break of the old resistance and consolidation and the index looks determined to reach 100 psychological figure. The strategy for USD pairs should be to sell rallies for EurUsd , GbpUsd , AudUsd , and NzdUsd https://www.instagram.com/p/CZQhSdTjEKE/?utm_medium=tumblr

[mihaitrader]

#Bitcoin has reversed strongly, how bullish is this? Yesterday we had another strong sell-off for Bitcoin in the first part of the day and the cryptocurrency dropped under 34k floor. However, after reaching 33k , bulls totally took control and Bitcoin has finished the day into the green. Considering the almost straight line fall from 43k a deeper correction is not only normal but also healthy. From a technical point of view, 34-34.500 zone should act as strong support and the first clear resistance is slightly above 38k Speculators can look to buy dips under 35k with the mentioned target A new low under 33k would negate this scenario. https://www.instagram.com/p/CZI2m_HIiK8/?utm_medium=tumblr

[mihaitrader]

#AudUsd- Genuine break of support? The long-term trend for AudUsd is clearly short with the pair dropping for almost a year now. After reaching 0.7 important figure, AudUsd has started to correct higher and had a local top at 0.73 resistance. The rise from the bottom is corrective in nature and is drowing a flag on our daily chart , on Friday we have a break under this flag's trend line resistance and also under horizontal support at around 0.72. This seems to be a genuine break and I expect continuation. The first target for bears can be 0.7 https://www.instagram.com/p/CZG_32soyBm/?utm_medium=tumblr

[mihaitrader]

#Bitcoin- Getting back to main idea (and trend): Sell rallies Over the weekend I've argued that a relief rally can follow the strong sell-off in Bitcoin (and crypto market). Indeed, after reaching a low at 34k, Bitcoin has started to correct and raised slightly above 36k . However, bulls lack power, price action is choppy and the rise is not convincing. There is no question at this moment that the medium-term trend is down and the best strategy is not to p... against the wind. As I said in the title, I will try to sell rallies and my points of interest are 36k (yesterday's high) and 38k. Only, AND ONLY, Bitcoin above 42k would put a stop to this bearish scenario. Best of luck! Mihai Iacob #bitcointrading #crypto #cryptomarket #cryptotrading https://www.instagram.com/p/CZG00OcIwJl/?utm_medium=tumblr

[mihaitrader]

#UsdCad- Nice trade with great R:R In June 2021, UsdCad has changed the trend, breaking above the descending trend line and reaching a high around 1.3 important resistance. Since then, the pair was very volatile with large up and downswings. In December, UsdCad has had a new attempt to conquer 1.3 and failed again, dopping slightly under 1.25 However, this low is higher in rapport with the previous 2 and can be an indication of continuation to the upside. More, 1.25 zone is market by 3 bullish pin bars and it is clear that we have buying power in this zone. In concl;usion, dips against 1.25 should be bought and swing traders can target 1.3 resistance. A dive under the recent low would negate this scenario. #forex #forexmarket #forextrading #fx #forextrader #forextrading https://www.instagram.com/mihai_i_trader/p/CZGTEQ-IFOG/?utm_medium=tumblr