Yummmmmm!

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Happiness Begins with Kevin!

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Birthdays, boy bands, and more!

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Gen Z could never endure what we had to go through!

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Be my guest.

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"I'm a big fan of bringing everyone together, and I think that's what BTS' strength is as an artist, they bring people together from all walks of life. They have a little of every genre, of every mood on every album."

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The pair XAUUSD sharply fell in the global market after hitting the major resistance level at 1366.037. The aggressive price action traders made a decent profit by shorting the XAUUSD pair with the bearish pin bar. However, the pair found some decent support at 1160.495 and started its bullish correction. The bulls managed to take control of the market from that level and pushed the pair towards the critical resistance level at 1346.558. The buyers again lose control of this market from that level and the price of XAUUSD drop towards the nearest support level at 1275.070. This level is going to play a crucial role for this pair since a break below this level will result in a sharp drop in the price of XAUUSD.

XAUUSD daily chart analysis

From the above figure, you can clearly see the price is testing the 38.2% bullish Fibonacci retracement level at 1275.070. Any bullish price action confirmation signal near that critical support level will be an excellent opportunity to execute fresh long orders. However, the leading analyst of the Forex trading industry is expecting bearish movement in the pair since the market failed to create series higher highs in the past few weeks. A daily closing of the price below the critical support level at 1275.070 will eventually lead this pair towards the next critical support level at 1250.87.

From that level, we might see some decent bullish bounce but in the absence of strong supportive candle below that level, buying the pair near the 1250.87 marks will be an immature act. If the sellers manage to break below this level, the pair will eventually test the 61.8% (1231.675) bullish retracement level. This level is going to provide a significant amount of support to this pair and any bullish price action confirmation signal will be an excellent opportunity to go long. On the contrary, a daily closing of the price below the 61.8% bullish retracement level will indicate the end of the medium-term bullish trend. This will eventually lead this pair towards the next critical support level at 1160.495.

Potential market movements

Currently, the pair is trading at a very critical level. If we get a buying opportunity based on bullish price action confirmation signal, there is a strong chance we will see another retest of the major resistance level at 1346.558. Breaking above that level will be a tough challenge for the bulls since we have plenty of resistance candles. However, a clear break of the critical resistance level at 1346.558 will confirm the temporary bottom formation of this pair at 1160.495. Once we have a temporary bottom in place, the buyers will eventually target the key resistance level at 1374.35. Breaking above this level will be extremely hard for the XAUUSD pair.

Considering all the technical parameters, it’s better to wait in the sideline until the market gives up a more favorable trading opportunity. But the traders should never execute any short orders as long as the 61.8% bullish retracement level holds.

First published here: http://j.mp/2Dojxot

The price of silver significantly fell in the global market after hitting the critical resistance level at 25.03. Majority of the aggressive price action traders managed to make a decent profit by shorting the silver with the formation of bearish pin bar right at that critical resistance level (25.03). After the extended bearish rally, it found some solid support at 13.64. From that level, the pair started its bullish correction after the formation of bullish morning star pattern in the daily chart. Currently, the price silver is heading towards a cluster of resistance and breaking above that level will be a tough challenge for the bulls. So, looking for a short trade setup near the bearish trend line resistance seems to be more logical on the current market conditions. But the traders are advised to look for bearish price action confirmation signal to justify their trade setup.

Silver weekly chart analysis

From the above figure, you can see how the bears took control of this market after hitting the major resistance level at 25.03. The bulls regain control of this market after forming a bullish morning pattern right at the critical support level at 13.64. From that level, the price rallied higher but eventually found strong resistance at 20.51. This level is going to provide an extreme level of selling pressure to this pair since the level is reinforced with the 61.8% bearish retracement level ( drawn from the high of 25th August 2013 to the low of 13th December 2015). Moreover, we also have a bearish crossover of the 100 and 200 weekly SMA. According to the leading analyst of the reputed Forex broker, the bulls will have a tough time to breach the critical resistance level at 17.66 since it’s reinforced by 200 weekly and SMA and bearish trend line resistance. Right above that level we also have 38.2% bearish Fibonacci retracement level, which is a very strong resistance for this pair.

Potential market movements

We need weekly closing of the price above the critical resistance level at 18.00 to see some fresh buying pressure in the silver. On the contrary, any bearish price action confirmation signal near the major resistance level at 18.00 will be an excellent opportunity to execute fresh sell orders. If the bears manage to take control of this market from that level, the pair is most likely to head towards the nearest critical support level at 16.26. Though this level might offer temporary buying momentum to this pair, weekly closing the price below this level will eventually force this pair towards the key support level at 13.64.

On the upside, we need to clear the major resistance level at 20.51 (61.8% bearish Fibonacci retracement level) to execute fresh long orders. But regaining such strength will be a very hard challenge for the bulls on the present market structure. Considering all the parameters, the traders are advised to look for a short trading opportunity near the massive resistance zone at 18.00-20.00.

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Here's every celebrity that sang each line, and how it came to be!

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♫ Oh baby, it's you! ♫

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