Goldencross
GOLD SHORT TERM CLIMB: WEDGE + GOLDEN CROSSToday Gold has seen a massive influx of buyers, slingshotting it through the August wedge and preparing for a golden cross of the MA50 and MA200.
The last four times this has happened on the 4H chart it signalled the start of a massive bull market, with price increases varying from +10% to +20% within months
The first major target should be the $2000 area, since it's a nice round number. Prepare for a minor pull-back around there.
If $2000 breaks, be ready for the price to contest the all-time-high!
EUR/USD 🇪🇺 🇺🇸 to rise up to the 1.17616 local support level.EUR/USD 🇪🇺 🇺🇸 is moving within the symmetrical wedge with the pretty wide Bollinger Band volatility. The price is testing the ascending bottom trendline , and according to the oversolds and the Golden Cross is going to rise and test the 1.17616 local support level.
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NZD/USD🇳🇿 /🇺🇸 to RISE!+1.1% on NZD/USD🇳🇿 /🇺🇸. The pair was rejected by the 0.66388 level but the pair is keep testing it. However , according to the Golden cross and deep Stochastic oversold the price is going to RISE and test the 0.66863.
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GBP/USD 🇬🇧🇺🇸 to pullback from the REsistance zone.GBP/USD 🇬🇧🇺🇸 after the golden cross bounced from the Uptrend line. The RSI and ROC show that the price in the high overbought zone , thus we expect sooner or later pullback from the Resistance area.
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Brent 🛢 to test the 47.17 level!Brent 🛢 is rising in the smooth Uptrend and is forming the Ascending triangle. The golden cross and the swing at the ROC 9 suggest the price will continue its rise up to the test of the 43.17 level.
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GBP/JPY 🇬🇧 🇯🇵 to RISE!GBP/JPY 🇬🇧 🇯🇵 is rising in the Uptrend.The golden cross , together with the ROC swing and the Stochastic oversold suggest that the pair is going to rise!
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GBP/JPY 🇦🇺 🇯🇵 to test the local resistance zone!+0.66% Here!
Taking a look at the ROC 6 for GBP/JPY 🇦🇺 🇯🇵 we see that the swing have been predicting the spikes and falls quite well. As wee have the golden cross we shall expect the test of the local resistance zone.
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Ethereum to test the 0.236 fib level!Ethereum indeed kept falling just as was forecasted and the price is about to breakout from the bullish flag as wee see the golden cross. One more attempt to break the 0.236 fib level is going to happen.
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Ripple to RISE!Ripple is rising in the Upward channel. The ROC swings managed to predict the recent spikes and the price has recently experienced another one. Together with the bullish tendencies on the crypto market in general and the Golden cross we can expect the breakout of the Resistance zone.
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Brent🛢 to test the Resistance line!The things keep going well for Brent🛢 . Though yesterday there was no post here those who shorted the pair managed to take +1.15%. The ROC swing was denied and the Golden Cross suggest two options for us here : either the sooner test of the resistance or the bounce from the local support and the following test!
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GBP/USD🇬🇧🇺🇸 to RISE!The Golden Cross of the 100&200 ma managed to predict the previous spike for the GBP/USD🇬🇧🇺🇸 . As we can see , the ROT and the Uptrend line rejected the price , thus the RISE is the most likely scenario!
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Golden and Death CrossesThe most popular and simplistic way to use moving averages is to divide the market into a bullish or a bearish one based on a cross. Even today, financial newspapers refer to these crosses as being really important and defining for a market. In order to look for a golden or a death cross, a daily timeframe needs to be open on the financial product one is interested in trading. In our case, let’s use the daily chart on the BTC/USD. The next thing to do is to apply two different moving averages on the chart: one that takes into account 100 as a period (MA100), and one that considers 50 as a period (MA50). This means that MA100 is plotting a value based on the values of the last 100 days, while the MA50 one is taking into account only the last 50 days.
The overall idea to interpret a market is quite simple: When the MA50 moves above the MA100, or it makes a cross, this cross is called a golden cross. It means that from that moment on the overall market turned bullish, and so buyers should dominate that market. The opposite is true as well: When the MA50 crosses the MA100 to the downside, the cross that is formed is called a death cross, and signals a bearish environment in the period ahead. The BTC/USD chart below shows both golden and death crosses, as the MA50 (the red line) crosses above or below the MA100 (the white one).
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Very big moment In XRP...MOON.. or .. It remain unmoved ?XRP is in a very big pressure to show some pulse of live .
Xrp's "1 Month candles Chart" has shown some light. we just made the golden cross after a very "long long time".
First time after 2018 we are witnessing the "Golden Cross" in "1 month candles" chart.
In past we have seen Golden Cross in daily or weekly chart in XRP "BUT" first time we are witnessing "Golden Cross" in monthly chart.
Very excited moment, this may be the most awaited Reversal For XRP fans.
Lets see whether this golden Cross has any Relevance in Crypto World or not.
GOLD and 200 Exponential moving averageGOLD
On September 24 the price of gold has felled below the 200 Exponential moving average and felled towards 1850.00
The 61.8% Fibonacci retracement level is acted as major resistance level for the Bull. From this level we can expect a minor Head and shoulder pattern the immediate downside target would be 1873.00 which will be a good support level for the bull and low volume area too. On below that POC is ahead at 1860.00 level
My bias is remain towards south. Tell me about your view on GOLD in the comment section
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