wickywicks

wickywicks Jun 11

3323-3350 is still Consolidation area until CPI shows any movement. Also US-CHINA both agreed for new trade deal in London. It's gonna have a strong negative fundamental affect on the price during NY. Price has already broken the pattern and currently consolidating till CPI. There's clear strong zone around 3350 which seems like holding due to US-CHINA agreement....

wickywicks May 19

Gold currently lacks fundamental backing, as macroeconomic conditions continue to favor alternative investment vehicles. Surging U.S. Treasury yields have diminished the appeal of non-yielding assets like gold, while Bitcoin’s ascent beyond the $100,000 mark indicates a significant shift in risk-on sentiment. Once considered the premier safe-haven asset, gold has...

wickywicks Apr 15

Since President Trump's inauguration, Bitcoin dominance (BTC.D) has steadily climbed from around 55% to over 63%, reflecting a significant shift in market dynamics. This rise is largely attributed to the U.S. government's strategic accumulation of Bitcoin, including the establishment of a Strategic Bitcoin Reserve funded by seized assets. Such initiatives have...

wickywicks Apr 14

​Gold (XAU/USD) has recently encountered resistance near the $3,245 level, failing to sustain a breakout during the Asian session. The market opened with a downside gap, which was subsequently filled, indicating a temporary equilibrium between buyers and sellers.​ Currently, price action suggests a potential liquidity sweep above recent highs before any...

wickywicks Apr 13

Gold has been consolidating within a rising wedge pattern since September 2023, facing resistance along a key trendline. Recent geopolitical developments, particularly the intensifying U.S.-China trade tensions, have acted as a catalyst for a significant breakout. The imposition of a 145% tariff on Chinese imports by the U.S., followed by China's retaliatory 125%...

wickywicks Apr 13

If you're leaning bullish, it's more prudent to wait for a confirmed breakout above 88,000, followed by a weekly close above the 86,000 level. Ideally, a successful retest should hold within the 85,000–86,000 range to validate the breakout structure. Any failure to hold this zone on the retest would likely signal a fake out which, given current price action and...

wickywicks Apr 13

Greetings... Bitcoin faced a sharp decline to the 75,000 level following the announcement of tariffs, which triggered panic and heightened uncertainty across the crypto market. Currently, BTC is attempting to reclaim the key 85,000 resistance zone. However, a descending trendline is capping upward momentum, adding to the difficulty of a clean breakout. A decisive...

wickywicks Apr 9

Greetings.. Since November 2024, gold prices have been consolidating within a rising wedge pattern. Amidst market uncertainties, prices declined but found robust support around the $2,960 level, underscoring gold's role as a safe-haven asset. Following this support, prices have begun to align with underlying fundamentals. With the Consumer Price Index (CPI) data...

wickywicks Apr 9

Hey fellas, Long time no see... Technical side stays bullish. Price has failed to break 2960 zone aimed Tariffs. It has pushed more than 500 pips during Asian session and clearly broke above 2920 zone. As soon as price stays under 2920 till NY session, we might see another push back. However, if prices continues to breakup and hold 2920 as support then we'll...

wickywicks Jun 4, 2023

Hey fellas, just tried to analyzed on bigger picture here. On Friday night, after the market closed, a Debt Ceiling deal was struck, which may signal positive news for the gold market. Despite this potential shift, Gold attempted to break above the $2070 threshold for the third time and failed miserably. Nevertheless, fundamental indicators suggest that Gold may...

wickywicks Apr 7, 2023

Price is already trapped inside ascending triangle and consolidation but converging for almost a month now. We can expect Breakout on upcoming NFP or before new week starts. Once breakout of this zone we'll enter SHORTS or LONGS accordingly.

wickywicks Dec 4, 2022

Gold is trapped in symmetric channel since 2020 and we can expect something more of bullish movement by end of this year as well as lots of fundamentals like Recession, Geopolitical scenarios are surely gonna cause huge impact which eventually boost Gold price up. Gold tried to break 1804 MWD rejection zone but thanks to NFP we saw some consolidations as well...

wickywicks Sep 25, 2022

Hi traders, Lets take a look at Sterling. Fundamental View: Sterling seems like breaking LL due to the uprise in DXY after breaking 20 years resistance. But here Sterling acted as an catalyst and moved way more than expected. It's because of: 1) DXY strengthened by breaking 109 levels. 2) British finance minister Kwasi Kwarteng earlier in the day laid out a plan...

wickywicks Aug 11, 2022

HI there, Let's take a look at GOLD. Fundamental View: We had CPI and fortunately inflation took a downtrend resulting major fall DXY and we saw whooping rises in XXXUSD pairs. However, inflation is at it's peak and rumors of Recession as well as 100bps is still out which eventually caused fake breakouts. Technical View: 1800 was amazingly pretty strong...

wickywicks Aug 10, 2022

Let's take a look at Gold. We saw Buy stops getting liquidated. Price didn't break 1800 zone and Bears are in control once again BUT we've got CPI and Core Inflation up ahead so expect some consolidations and huge volatility up ahead.

wickywicks Jul 15, 2022

Fundamental View: DXY is at critical point i.e 109. It has reached ATH after 20 years. In 2002, we saw DXY at this zone. DXY intends to break 109 zone as inflation is at it's peak, whooping 75bps and rumours of insane 100bps rate hike, positive NFP and also fear of recession causing extreme panic in the market. Investors are selling everything just to remain...

wickywicks Jul 5, 2022

GOLD GOLD GOLD, Gold has been pretty messy since last month. If price holds and remains within this zone then there's probability of Bullish momentum i.e above 1900. Current consolidation is another indication of upcoming speeches and NFP. However, if we break below 1780 zone and retested on Larger TF then there's no stopping till 1650. Feel free to share...

wickywicks Jun 6, 2022

Hi guys let's take a look at GOLD Ascending Channel Formation Holding Strong Support Zone Doji on Weekly TF. TL seems like holding. Bear in mind the current Fundamentals including Russia- Ukraine War, inflation and interest rates. Feel free to share your opinions as well.