Looking to buy BTC within 31925.99-30860.26 | 24 September 2021

#BTC weekly

Looking to buy BTC within 31925.99-30860.26

Technical observation

The commodity on the weekly chart above is trading with an increasing bearish bias above a supportive zone 31925.99-30860.26, I expect a continuation of this downwards movement to the zone I have mentioned above followed by a bounce within it for a surge to the upper side. My advice, remain neutral temporarily and buy a bounce within the zone 31925.99-30860.26 with your take profit at 60126.48 and stop loss at 39009.84. In case of a clear breakout above the key level 60126.48, I expect a further momentum to the upper side; on the other hand if the value of this commodity declined below the zone 31925.99-30860.26, I expect it to rally towards 31925.99.

Trade recommendation

 

 Remain neutral temporarily.

#XAUUSD weekly

Looking to buy BTC within 31925.99-30860.26

Technical observation

 For two consecutive weeks now the commodity on the chart above has been trading with an increasing bearish bias, I expect further bearish movements this week towards the supportive zone 1693.37-1682.43 followed by a rejection within it to pick long positions. My advice, remain flat and wait for a retracement to the zone mentioned above then buy a bounce within it with your take profit at 1976.02 and stop loss at 1583.96. In case XAUUSD is not contained above the zone 1693.37-1682.43 and instead it breaks below it with a big red candle, wait for a pullback to the just broken zone and bounce within it before you pick short poisons towards the level 1449.85.

 Trade recommendation

 Remain flat.

#Gas weekly

Looking to buy BTC within 31925.99-30860.26

Technical observation

Last week Gas rose steadily sending a tail to the resistance level 5.675, right now it is trading with an increasing bearish bias and I expect it to decline further to the supportive level 4.607. As it is on the weekly chart above, remaining neutral with this commodity right now is ideal than picking any positions. You can buy a buy a bounce at the level 4.607 with your take profit at 5.675 and stop loss at 4.233. In case of a clear breakout above the level 5.675 with a big green candle I expect further bullish movements of this commodity. I can only recommend short positions in case there is a clear breakout below the level 4.607.

 Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
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