expertmarss's Blog
Bullish Signs for Gold
Xau/Usd is showing very solid bullish patterns on the daily and weekly charts . On the daily chart as shown above we can see a perfect triangle pattern at the highs which indicates that there is accumulation at these levels. A break and close above 1355 could lead to a nice rally . Further chart no.2 which is the weekly chart shows a cup and handle pattern which is another extremely bullish formation and should lead to a strong rally .The target for June 1 is therefore 1404.48 . I will post upda…
EUR/NZD bullish structure
Eur/nzd is showing extremely bullish formation both on daily and weekly charts. On the daily chart we can see a bullish head and shoulders formation with a neckline at around 1.7100. On the weekly chart we can see a massive cup and handle formation which is very bullish for the pair . On the monthly chart the pair is moving up after making a pinbar . all these factors could result in the pair reaching the level of 1.7708 by 1st may 2018 .
DOUBLE BOTTOM IN XAU/USD
XAU/USD has formed a double bottom patten on the daily chart . this double bottom pattern has formed after a good rally and shows that there is bullish accumulation and support taking place between 1320 and 1350 levels .The weekly chart nicely shows the uptrend and consolidation which is taking place at the highs . This will surely lead to a breakout on the upside and the target by 1st may could be around the 1412.50 area