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XAU/USD Breakout – Trend Continuation or Pullback?Gold (XAU/USD) has recently broken out of a symmetrical triangle pattern, signaling strong bullish momentum. This breakout was accompanied by a price surge of approximately 4.47%, pushing the price towards the $3,005 resistance level. The question now is: Will gold continue its bullish trend, or will we see a pullback before the next move? 📊 Technical Analysis: 1️⃣ Symmetrical Triangle Breakout The symmetrical triangle pattern formed over several weeks, with price consolidating within the narrowing structure. A clear breakout above the triangle confirms the bullish momentum, suggesting further upside potential. 2️⃣ Measured Move Target The breakout's measured move (equal to the height of the triangle) projects a potential target near $3,056. This level aligns with a historical resistance zone, making it a key level to watch. 3️⃣ Key Support & Resistance Levels ✅ Resistance: $3,005 – Recent high where price is currently facing resistance. $3,056 – Next major upside target, based on the breakout projection. ✅ Support: $2,931 – Previous breakout zone; a retest could confirm support before another rally. Ascending Trendline – Acting as dynamic support for the ongoing uptrend. 📉 Potential Scenarios to Watch: ✅ Bullish Case: Trend Continuation If the price consolidates above $2,984-$2,931, buyers may push gold towards $3,056 and beyond. A strong breakout above $3,005 with volume confirmation will likely signal further bullish strength. ❌ Bearish Case: Pullback Before Rally Gold may retrace towards $2,931 (previous resistance turned support) before resuming its uptrend. A break below $2,931 could lead to deeper retracement, possibly testing the ascending trendline. 🔍 Trading Strategy & Considerations: 📌 Bullish Traders: Watch for support at $2,931 and a break above $3,005 for confirmation of the next bullish leg. 📌 Bearish Traders: Look for a failed breakout above $3,005 or a rejection at $3,056 for short-term pullback opportunities. 💡 Final Thoughts: Gold remains in a strong uptrend, with bullish momentum intact. However, a pullback before the next leg up remains a possibility. Traders should monitor key levels and price action confirmations for the next move. 🚀 What’s your outlook on gold? Drop your thoughts in the comments!
OANDA:XAUUSDLong
by ForexOptimizer
Momentum Trading Strategies Across AssetsMomentum trading is a strategy that seeks to capitalize on the continuation of existing trends in asset prices. By identifying and following assets exhibiting strong recent performance—either upward or downward—traders aim to profit from the persistence of these price movements. **Key Components of Momentum Trading:** 1. **Trend Identification:** The foundation of momentum trading lies in recognizing assets with significant recent price movements. This involves analyzing historical price data to detect upward or downward trends. 2. **Diversification:** Implementing momentum strategies across various asset classes—such as equities, commodities, currencies, and bonds—can enhance risk-adjusted returns. Diversification helps mitigate the impact of adverse movements in any single market segment. 3. **Risk Management:** Effective risk management is crucial in momentum trading. Techniques such as setting stop-loss orders, position sizing, and continuous monitoring of market conditions are employed to protect against significant losses. 4. **Backtesting:** Before deploying a momentum strategy, backtesting it against historical data is essential. This process helps assess the strategy's potential performance and identify possible weaknesses. 5. **Continuous Refinement:** Financial markets are dynamic, necessitating ongoing evaluation and adjustment of trading strategies. Regularly refining a momentum strategy ensures its continued effectiveness amid changing market conditions. **Tools and Indicators:** - **Relative Strength Index (RSI):** This momentum oscillator measures the speed and change of price movements, aiding traders in identifying overbought or oversold conditions. - **Moving Averages:** Utilizing short-term and long-term moving averages helps in smoothing out price data, making it easier to spot trends and potential reversal points. **Common Pitfalls to Avoid:** - **Overtrading:** Excessive trading can lead to increased transaction costs and potential losses. It's vital to adhere to a well-defined strategy and avoid impulsive decisions. - **Ignoring Market Conditions:** Momentum strategies may underperform during sideways or choppy markets. Recognizing the broader market environment is essential to adjust strategies accordingly. By understanding and implementing these components, traders can develop robust momentum trading strategies tailored to various asset classes, thereby enhancing their potential for consistent returns. Source: digitalninjasystems.wordpress.com
CME:LBR1!Education
by j7892
$4 to $16 with power hour making +60% run $10 to $16It was consolidating for 4 hours after morning news that investor or group purchased at least 5% stake in the company and filled with SEC. This made the stock pop to +150% on the day as traders speculated it could be a big reputable firm or individual so they want to be in as well. After strong support it moved further to +300% area total on the day and I warned everyone on time to get ready for $10 and $11 buys for the vertical new highs. Last hour brought easy money NASDAQ:RGC
NASDAQ:RGC
by ProfitTradeRoom
#BTCUSDT: BULLISH BREAKOUT IN LTF!!🚀 Hey Traders! If you're finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 BTC is breaking out from an inverse head & shoulders pattern on the 1H timeframe, signaling strength! 📈 If it holds above the neckline, we could see a strong rally toward $90K– GETTEX:92K in the coming days! 🚀 🔹 Key Levels to Watch: ✅ Target: $90K– GETTEX:92K ❌ Invalidation: Close below $81,200 Momentum is building—can bulls take control? Let us know in the comment section.
Long
by CoreCrypto1
Ethereum - Watch This Massive Support!Ethereum ( CRYPTO:ETHUSD ) is weak but testing strong support: Click chart above to see the detailed analysis👆🏻 The entire crypto market is currently not able to stop the bleeding and also Ethereum just dropped another -20% over the past three days. It might seem like a horrible scenario but overall Ethereum is still in a bullish market. Just watch the final confluence of support now. Levels to watch: $2.000, $4.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:ETHUSDLong
by basictradingtv
8
Tellor (TRB) a hidden gem, will previous price action repeat?Hello again dear reader for a another analysis. From August to December 2023 TRB has seen a MASSIVE move of 7000% gains over the course of just 126 days. Since then it has corrected a whopping 96%! There is now a reason to be bullish on this coin. Looking at the drawn structure we can see multiple important touch zones described with the letters ''A till F'' (NOT ELLIOT). It is quite possible price action might correct further till 19$ where a big support zone lies, but there is no guarantee that ''will'' happen. Target: 1200$ (M-cap of 3B which is very achievable) Stoploss: 15$ I aim to keep analysis simple and easy to understand. Any questions of requests for analysis feel free to ask! Rustle
Long
by Rustlingjimmies
EURAUD 4H Trade Idea **EURAUD 4H Trade Idea** **Market Overview:** - EURAUD has been in a strong **bullish trend**, but the price is currently pulling back. - The **21 EMA (1.7244)** is being tested as support, while the **50 EMA (1.7104)** is the next key level. - If the price holds above the **1.7200 zone**, a continuation to the upside is likely. #### **Trade Setup:** 🔹 **Bullish Scenario (Buy Setup)** - **Entry:** If price bounces from 1.7200–1.7240 - **Target 1:** 1.7300 (previous high) - **Target 2:** 1.7400 (trend continuation) - **Stop Loss:** Below 1.7100 🔻 **Bearish Scenario (Sell Setup)** - **Entry:** If price breaks below 1.7200 with strong volume - **Target 1:** 1.7100 (50 EMA support) - **Target 2:** 1.7000 (psychological level) - **Stop Loss:** Above 1.7250 #### **Key Watch:** - **Candle confirmation** on the next 4H close. - **Volume** support for the breakout/bounce. - **RSI & Momentum** indicators to confirm trend strength.
by TradingStar090
GBPUSD - LONGStrong cumulative flat. Buying opportunity after the formation of the Cypher pattern. GBPUSD - LONG ENTRY PRICE - 1.2912 SL - 1.28500 TP - 1.30780 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Long
by Profit_Trader
Bitcoin - The Uptrend Remains 100% Valid!Bitcoin ( CRYPTO:BTCUSD ) can create a textbook break and retest: Click chart above to see the detailed analysis👆🏻 Over the past couple of weeks we have only been seeing a consolidation on all cryptocurrencies, governed by the slow movement on Bitcoin. With today's drop Bitcoin is now approaching the previous all time highs, which are now acting as a major support, pushing price much higher. Levels to watch: $70.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
23
Dogecoin - The Final Break And Retest!Dogecoin ( CRYPTO:DOGEUSD ) is confirming the final retest: Click chart above to see the detailed analysis👆🏻 After we saw the textbook retest of the previous all time high about three months ago on Dogecoin, so far we also saw the expected correction of about -50%. However Dogecoin is about to confirm the bullish break and retest, which eventually leads to a parabolic rally and new highs. Levels to watch: $0.2, $0.5, $5.0 Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
34
SILVER Bullish Breakout! Buy! Hello,Traders! SILVER is trading in an uptrend And the price made a bullish Breakout of the key horizontal Level of 3266$ and the brekaout Is confirmed so we are bullish Biased and we will be expecting A further bullish continuation Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAGUSDLong
by TopTradingSignals
1
Alibaba - This Chart Is Pretty Beautiful!Alibaba ( NYSE:BABA ) is perfectly respecting structure: Click chart above to see the detailed analysis👆🏻 With a rally of about +80% within a couple of weeks, Alibaba is clearly showing signs of bulls completely taking over. This pressure was not unexpected though after we perfectly witnessed the major trendline breakout a couple of months ago and a retest of the confluence of support. Levels to watch: $140, $110 Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
22