Gold just witnessed a historical high today on monday, and the same day, recovered its surge towards the all time high. After the drop of more than 100 usd in one day, we are looking at further decline on gold till the 1980-2000 level. The structure just turned bearish. We are going to short at the resistance level to continue moving down. I am going to sell gold again at the 2032 level.

The ascending trendline has broken out for sells and once the market has validated the breakout sell, we have a downward continuation.

The retracement level of 61.8%-75% is in confluence with the resistance level.

EMA 50 just turned bearish and it is retesting at the resistance level.

RSI is at 46. It needs to neutralize itself at the 50 level and align with the technical factors to continue moving down.

Another short on Gold

AUDUSD has been in a bearish trend lately, with the formation of lower lows and lower highs and the fact, there is another bearish impulse pending once the market forms a bearish price action at the resistance level priced at 0.6595. This price will be our area of interest to short the market. Another tap at the resistance level

The ascending trendline has broken out for sells. The validation has been complete and the market needs to print another bearish candle to continue its push down. 

There is no retracement in this bearish structure. 

EMA 50 is still bearish and at the resistance level, I anticipate a retest to form a confluence.

RSI is at 39. It needs to neutralize at the 50 level in order to confluence with the technical factors.

AUDUSD shorts from 0.6595

DJ30 has had its good share of the mark up with the strong bullish momentum and the continuation towards the upper side. That being said, there is a corrective move pending which needs to be corrected from the resistance level and then continue moving down towards the nearest support level. This support level will be our profit target. The price I am looking at is 36275 for shorts.

The descending trendline has been printed as a pinbar for rejecting the resistance level and continuing moving down. I would anticipate another rejection from the trendline.

The EMA 50 will act as our profit target towards as its still bullish.

RSI is at 63. Its near the over sold region where the market can form a bearish divergence along with the technical factors of the push down.

Retake shorts from the resistance level of 36275

GBPJPY is tapping the support level at the 185.40 level. I will wait for the market to tap back towards the resistance level from where we can take another shot bearish. This level is a strong foothold for the resistance level from where the market can drop down towards the support level which will be our profit target. It should be noted that the trend is still bullish and we are merely taking the counter trade for the purpose of retracement.

The ascending trendline is broken out for sells and the market has validated the price action for the confirmation. On the other hand, we have a descending channel which needs to be tapped at the upper resistance trendline for the market to tap and continue moving down.

There is no retracement level on this setup.

EMA 50 is bearish and might take a retest at the resistance level for the confluence.

RSI is at 33. It needs to hop towards the neautralized level of 50 to align with the technical factors.

Gbpjpy started to trend bearish

EURUSD has broken the support level which has now turned into a resistance level. The trend is still bearish and we are just going to be taking the bearish setup to provide for the deliberation of the correction. This is a risky setup which can garner us some good reward. We can take the position till the support level. The market has faked out and the market has broke back in.

The ascending trendline is broken out for sells. The market has also validated the sells and the continuation seems varied towards the downside.

The EMA 50 has broken out for sells and the market may retest it back at the resistance level from where it can further hop down after retesting.

RSI is at 25. It needs to neutralize at the 50 level in order to align with the technical factors.

Continued EURUSD shorts

Gold just witnessed a historical high today on monday, and the same day, recovered its surge towards the all time high. After the drop of more than 100 usd in one day, we are looking at further decline on gold till the 1980-2000 level. The structure just turned bearish. We are going to short at the resistance level to continue moving down.

The ascending trendline has broken out for sells and once the market has validated the breakout sell, we have a downward continuation. 

There is no retracement for the bearish side.

EMA 50 just turned bearish and we will be looking at the retest at the resistance level for the market to tap and continue moving down.

RSI is at 40. It needs to neutralize itself at the 50 level and align with the technical factors to continue moving down. 

Monday blues and reds on Gold

We have previously booked a tremendous bullish trade on ETHEREUM which is already bullish with the formation of higher highs and higher lows. The trend is per the cryptocurrency market is still bullish and is going to continue to be so. We are looking to go long at the support level of 2008. And then, continue the mark up towards the upper side till the resistance.

The descending trendline has broken out for buys and is in continuation towards the upper side.

EMA 50 has now turned bullish. The market may retact and retrace towards it and then continue moving up.

RSI is at 60. It needs to dwell above the 50 level region and then retest the level for the continuation towards the over bought region.

Ethereum buys from the support level

LINK is retesting the support level at the price of 13.55. This level is strong in a way to continue itself upwards after gaining the momentum. The resistance level at the price of 15.50 is strong enough for the market to tap into that region. The trend for chainlink is higher highs and higher lows and the mark up continues.

The descending flag pattern is formed and the market if breaks the descending trendline for the breakout buy, it will continue moving upwards.

The retracement level is at 50%m which is in confluence with the support level.

EMA 50 is curved upwards with a solid bullish momentum and trend. But, at the moment, it is bearish being below the price action. Once the market taps back above the EMA 50, it will show us the bullish sign.

RSI is at 51. It needs to dwell into the bullish region after retesting the zone at the 50 level or fall below the over sold region in order to align with the technical factors of the chart.

Chainlink another buys from the support

XRP is currently standing at the 0.6150 price level at a major support zone on h4. The double bottom is going to be formed at the price of 0.6000. The structure like anything else is now bullish with the formation of higher highs and higher lows. That being said, we are going to continue to buy ripple till its bullish.

The ascending trendline has broken out from the price action towards the bullish side. Now that it is retracing, we will stack in more XRP.

The retracement level is 0 in this as the double bottom formed will be at the support level.

The EMA 50 is bearish and the retest of the EMA 50 can prove to be our profit taking region or continue pass by piercing the EMA 50.

RSI is at 54. Once the market neutralizes at the 50 level, we will see where the market is on the charts to align with the oscillator.

Ripple to be bought again

Bitcoin just breached the descending trendline for a breakout buy.

Bitcoin has started its bullish momentum and trend and is going to be continue going up. The support level drawn here is at the price of 38400 which needs to print a bullish confirmation price action which will then continue its course. The market has formed the double bottom at the support level. Once it taps the support level again. The structure formation is higher highs and higher lows.

The trendline is ascerting the support rejection at the price action. This means, it should continue going up.

There is no retracement level  is at 61.8% which confluences with the support level.

The EMA 50 is still bullish and the market is tapping the price action as the building up of the support, which will continue its course towards the upper side.

RSI is at 66. It needs to break above the 50 level and then retest at the 50 level with the confluence of other technical parameters.

Bitcoin buys from support retest

DJ30 has had its good share of the mark up with the strong bullish momentum and the continuation towards the upper side. That being said, there is a corrective move pending which needs to be corrected from the resistance level and then continue moving down towards the nearest support level. This support level will be our profit target. The price I am looking at is 35930 for shots.

The market is in an ascending channel which has tapped the upper trendline and has yet to retest or break the lower trendline for the continuation towards the lower side.

The EMA 50 will act as our profit target towards the lower bearish side.

RSI is at 76. Its near the over sold region where the market can form a bearish divergence along with the technical factors of the push down.

DJ30 shorts from the top

Gold is now at a daily and h4 resistance level, priced at 2050. We will be taking another short position from this level for the continuation towards the lower side. The market has the potential to continue retracing towards the 2006 level of the support. Right now, the trend is still bullish on the higher time frames but the structure of H4 is formed as lower lows and lower highs, advertedly, forming another leg down. As the weekly level is a strong one, we anticipate the drop.

The ascending trendline is still in recess of being broken out for sells or retesting. I will monitor this till the market bends down towards the ascending trendline.

EMA 50 is still bullish and the market may retest and tap the EMA at the support level in confluence with the trendline retest.

RSI is at 55. It needs to move upwards towards the over bought region in order to gather all the sell order and then align with the technical factors for continuation downwards.

Vasl Capital

Vasl Capital

Dec 06 2023

Another short on Gold

Vasl Capital

Dec 06 2023

AUDUSD shorts from 0.6595

Vasl Capital

Dec 05 2023

Retake shorts from the resistance level of 36275

Vasl Capital

Dec 05 2023

Gbpjpy started to trend bearish

Vasl Capital

Dec 04 2023

Continued EURUSD shorts

Vasl Capital

Dec 04 2023

Monday blues and reds on Gold

Vasl Capital

Dec 03 2023

Ethereum buys from the support level

Vasl Capital

Dec 03 2023

Chainlink another buys from the support

Vasl Capital

Dec 02 2023

Ripple to be bought again

Vasl Capital

Dec 02 2023

Bitcoin buys from support retest

Vasl Capital

Dec 01 2023

DJ30 shorts from the top

Vasl Capital

Dec 01 2023

Still short on Gold