#Market Sentiment

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Gold Analysis

royalfx

XAUUSD (Gold) ANALYSIS: first taking a look on the Daily timeframe, when could observe that gold has been moving in an uptrend for the past few weeks,also applying the diagonal trendline, we can see swing highs (higher highs and higher lows) and that's just a rising wedge formation in simple terms. Additionally applying the 14 RSI with level 50, the RSI value is 68 which is greater than 50 and that indicates a Buy trend (when 14 RSI is above 50 on daily time frame suggest an uptrend market, And

PRIMEPIPS PRODIGY: FOREX MARKET ANALYSIS WITH RFX

Gold Analysis

royalfx

XAUUSD (Gold) ANALYSIS: first taking a look on the Daily timeframe, when could observe that gold has been moving in an uptrend for the past few weeks,also applying the diagonal trendline, we can see swing highs (higher highs and higher lows) and that's just a rising wedge formation in simple terms. Additionally applying the 14 RSI with level 50, the RSI value is 68 which is greater than 50 and that indicates a Buy trend (when 14 RSI is above 50 on daily time frame suggest an uptrend market, And

PRIMEPIPS PRODIGY: FOREX MARKET ANALYSIS WITH RFX

Gold Analysis

royalfx

XAUUSD (Gold) ANALYSIS: first taking a look on the Daily timeframe, when could observe that gold has been moving in an uptrend for the past few weeks,also applying the diagonal trendline, we can see swing highs (higher highs and higher lows) and that's just a rising wedge formation in simple terms. Additionally applying the 14 RSI with level 50, the RSI value is 68 which is greater than 50 and that indicates a Buy trend (when 14 RSI is above 50 on daily time frame suggest an uptrend market, And

PRIMEPIPS PRODIGY: FOREX MARKET ANALYSIS WITH RFX

LIVE MARKET ANALYSIS ON AUDUSD (8/01/2024)

royalfx

AUDUSD 📝 The First thing i do when making an analysis on a pair is to first look at the Daily timeframe to get an idea of rhe major trend of the market the daily timeframe gives a vivid market movement direction over a long period of time. If the major trend is uptrend on daily, i adviced looking out for buy opportunities (trending with the trend) and if the major trend is down trend on Daily i advice looking out for sell opportunities in the market for that day. So, How do you know the major t

PRIMEPIPS PRODIGY: FOREX MARKET ANALYSIS WITH RFX