My personal FX pairs and XAUUSD analysis

[DominicWalsh]

S&P500 Index (#SPY): Time to Sell

S&P500 Index is testing a wide daily horizontal resistance cluster.
Probabilities will be high to see a bearish reaction from that.

I believe that the market may drop today to 4032 / 4021 levels.
MACD Indicator

 

[DominicWalsh]

BITCOIN (#BTCUSD): Detailed Technical Outlook ₿

Bitcoin successfully violated a wide horizontal daily demand area.
The broken structure turned into a supply zone.

The market is correcting now.
I spotted a bearish flag pattern on 4H time frame.
Its bearish breakout may initiate the next sell off.
Watch carefully the reaction of the price to its rising support.
Consider shorting after a 4H candle close below with initial target being 22100.

 

[DominicWalsh]

Gold (#XAUUSD): Time For Pullback

Gold is approaching a wide horizontal demand cluster on 4H.
Taking into consideration, that the market is trading in a minor bullish trend,
probabilities will be high to see a pullback from the underlined area.

I expect growth to 1855 / 1862
Best Gold Trading Robot - Scouts Gold V9 Robot

 

[DominicWalsh]

Crude Oil (#WTI): Bearish Outlook Explained 🛢

WTI Crude Oil reached a key daily structure resistance.
The price formed a tiny little double top on that on 1H time frame.
Its neckline has been just broken.

The market will most likely keep retracing.
Goals: 79.9 / 79.6
Best Scalping Indicators

 

[DominicWalsh]

Dow Jones Index (#US30): Key Levels to Watch This Week

Here is my latest structure analysis for US30 Index.

Support 1: 32470 - 32650 area
Support 2: 31700 - 31975 area

Resistance 1: 33475 - 33660 area
Resistance 2: 34300 - 34500 area
Resistance 3: 34820 - 34900 area

Vertical Resistance 1: major rising trend line .

Currently, the market is approaching a confluence zone based on Vertical & Horizontal Resistance 1.
Probabilities will be high to see a pullback from there.

Consider the underlined structures for pullback/breakout trading.

 

[DominicWalsh]

#AUDCAD: Time to Grow

AUDCAD dropped to a key daily structure support.
The price formed a double bottom pattern, testing that on 1H,
its neckline was broken then.

I expect a bullish move to 0.91 / 0.9117

 

[DominicWalsh]

#EURCHF: Your Trading Plan For Today

EURCHF is currently consolidating.
The pair is trading within a wide intraday trading range.
Currently, the price is approaching its lower boundary.

To buy the pair with a confirmation, watch a double bottom pattern.
0.994 - 0.9943 is its neckline.
Wait for an hourly candle close above that (it will confirm a breakout),
buy aggressively or on a retest then.

Target will be 0.996

If the price sets a new lower low, the setup will be invalid.
Also use RSI Indicator for confirmation.

 

[DominicWalsh]

Silver (#XAGUSD): Ahead of Powell's Speech

Silver looks very oversold.
The price reached a solid horizontal key level and formed an inverted head and shoulders pattern on 1H time frame.

We might see a pullback.
Goals: 20.37 / 20.55

 

[DominicWalsh]

#CADCHF: Important Breakout

CADCHF was coiling for more than a month within a wide horizontal trading range on a daily.
Its support was finally broken yesterday.

I believe that the pair will keep falling now.
Next support - 0.679

 

[DominicWalsh]

#USDCHF: Bearish Move From Key Level

USDCHF looks overbought to me,
The price formed a double top pattern approaching a key structure resistance.
Its neckline has been just broken.

Probabilities are high that we will see a correctional movement on the pair.
Goals: 0.935 / 0.931