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APT - The signal is crystal clear.#APT/USDT #Analysis Description --------------------------------------------------------------- + APT has clearly bounced from the support zone, and we are now seeing a defined trend. + The price is moving towards the next resistance around $18. + This presents a clear opportunity to capitalize on the trend and maximize profits. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 9.13 Stop Loss: 6.43 ------------------------------ Target 1: 10.84 Target 2: 12.96 Target 3: 15.23 Target 4: 18.57 Target 5: 26.78 ------------------------------ Timeframe:1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Cup and Handle: Potential Breakout for GoldOn the 4-hour chart of gold, I am predicting a “Cup and Handle” pattern forming, with a strong breakout potential. This pattern is often a sign of further upside, especially when it is confirmed by a breakout above the resistance line. Recent news suggests that geopolitical instability could be a major factor pushing gold prices higher. For example, escalating tensions in the Middle East, especially armed clashes between regional powers, have prompted investors to seek gold as a safe haven. In addition, concerns about delays in tightening monetary policy by major central banks have also increased the appeal of gold.
OANDA:XAUUSD
by Naoomi
XAUUSD: New Day Trading Strategy!Currently, XAUUSD is hovering around the 2662 USD mark, and it seems that the price has remained relatively stable over the past few days. On the other hand, the resistance level at 2670 is acting as a significant barrier to upward momentum. Interestingly, XAUUSD is forming a green candlestick right above the parallel wedge. If this candle closes above the wedge, we could fully expect a strong breakout, aiming for new profit targets. Additionally, the positive signals from the EMA 34 and 89 are reinforcing this view, indicating a clear upward trend. Investors might consider opening BUY positions on shorter timeframes, once the price confirms a breakout from the current range, provided that the support level around 2654 USD holds firm.
OANDA:XAUUSDLong
by ConanTradingFX
BTC reversal soon??Divergences between price and RSI can often show that a trend is coming to an end and a new one is beginning. In this case we can see that RSI on the 4H timeframe hit the oversold zone, and has been steadily climbing out of it ever since. However, we can see that price has continued making lower lows and lower highs... The price and the oscillator are out of phase and in this case as RSI grows larger but price continues to drop it's a bullish divergence signal and this suggests a trend shift from bearish to bullish. Divergences are not perfect, no indicator is but this can be paired up with other signals for confluence, RSI being at the oversold zone is a good indicator that the bulk of the move is done, especially now that RSI has climbed out of it. The green box is showing a bullish orderblock, all 3 wicks have bounced off this zone and therefor suggests support also. My feeling is that geopolitical worries have shaken the traditional markets and that uncertainty has spilt over into crypto, fundamental influences will effect the charts no matter how good the technical analysis may be. If we weather this storm and the situation doesn't escalate the TA suggests the worst has been and gone.
by ProR35
XAUUSD todayHello everyone, Gold prices today continue to slide, dropping to $2,642, down 0.6% on the day. This decline is largely driven by the U.S. Dollar (USD) extending its strong recovery, after hitting its lowest point since July 2023, now reaching its highest level in three weeks. This comes amid fading expectations of the Federal Reserve (Fed) implementing further aggressive monetary easing. Moreover, gold closing below the $2,650 mark signals that the precious metal is entering a short-term bearish zone, with the next target expected to hit $2,630. What are your thoughts on the current gold price situation?
OANDA:XAUUSDShort
by ConanTradingFX
GBPUSD: Bearish Trend Dominates!Hello everyone, GBP/USD turned bearish on Tuesday, falling nearly 1% in European trading on Wednesday. The pair faced fresh supply after BoE Governor Andrew Bailey said the central bank could become “more proactive” in cutting interest rates if inflation eases. Risk-off sentiment due to Middle East concerns also weighed on the pair, while technical indicators still do not signal a solid recovery. With that in mind, this could be a prime Shorting opportunity, targeting the nearest support levels of 1.313 and 1.300.
Short
by ConanTradingFX
1
Mild Volatility in Bollinger BandsLooking at the recent gold chart, we see that the gold price is trading within a clear channel bounded by the Bollinger bands. The price is currently hovering around the midpoint, with the current price at $2,656.05/ounce. This suggests some uncertainty in the market, with the gold price not seeing much significant movement in the short term. This stability may reflect investor caution in the face of broader financial market volatility and macroeconomic factors. With key economic reports and policy makers awaiting, investors may be taking a wait-and-see approach before making any major buying or selling decisions. To mitigate risk, I recommend keeping a close eye on the support level around $2,645/ounce and the resistance level around $2,685/ounce. These price breakouts will be important signals for further moves in the gold market.
OANDA:XAUUSD
by Naoomi
XAUUSD today !Looking at the XAUUSD 2-hour chart you provided, we can see that the price is currently trading around $2,658 after a slight retracement from the resistance zone around $2,685. The chart shows that gold is still facing pressure from the resistance zone marked by the orange rectangle at the top, which has been tested several times but has not yet been decisively broken. Technical Analysis: Resistance Zone: The resistance zone near $2,685 seems to be acting as a strong barrier, with prices reacting negatively whenever they come close to it. If this resistance holds, we could expect a further pullback. Support Zone: The blue support area around $2,620 is clearly a critical zone. Any price movements down to this area may offer strong buying interest. A bounce from this level could signal a continuation of the upward trend. EMA Levels: The price is still above both the 34 EMA ($2,653) and 89 EMA ($2,641), indicating that the overall trend remains bullish, although short-term corrections are expected. RSI Divergence: On the RSI, we see multiple bearish divergence signals, which suggest that the upward momentum is weakening. This might indicate a potential retracement in the short term before a stronger move upwards. News Influence: The hot geopolitical tensions and economic data are fueling uncertainty, which often benefits gold as a safe-haven asset. Recent developments, such as uncertainty around global inflationary pressures and the Federal Reserve’s cautious approach to interest rate hikes, continue to support gold prices. Investors are still considering gold as a hedge against these factors, further strengthening the bullish outlook. In summary, we are in a phase where a potential retracement toward $2,620 may happen before we see another push toward breaking the $2,685 resistance level. If this break occurs, we could see gold targeting $2,700 and even higher toward the $2,750 psychological level. What do you think? Will the support hold, or do you see further downside potential before the next move up? Let's discuss!
OANDA:XAUUSDLong
by ConanTradingFX
Spotting Opportunities in Market VolatilityThe current gold chart shows a strong uptrend, with signs of a slight correction as it approaches the upper boundary of the price channel. The latest macroeconomic and monetary policy data has put pressure on gold, but also opens up buying opportunities at reasonable prices. The market's reaction to announcements from the Federal Reserve and important economic reports can impact gold prices. The current uncertainty can be an opportunity to increase positions in gold. Gold is in a clear uptrend channel, but has recently touched the upper part of the channel, suggesting a slight downside. The next important support level is around $2,660, where buying can be considered. Short-term profit targets can be identified near the next resistance level.
OANDA:XAUUSD
by Naoomi
Gold Price Today: Popular Selling StrategyHello dear traders! Today, the gold market continued to decline sharply, reaching $2635, losing more than 100 pips after yesterday's trading session. This comes from a strong wave of profit-taking by short-term investors as the third quarter of 2024 ends. At the same time, the rebound of the USD has pushed gold prices into a more difficult position. On the technical chart, the downtrend remains firmly maintained as the parallel downtrend channel has not shown any signs of weakening. In particular, the EMA 34 and 89 have reversed, confirming that the price trend continues to face difficulties. Currently, any short-term recovery is a great opportunity to short. Traders can take this opportunity to continue targeting potential targets such as $2630 and further to $2615 - $2605.
OANDA:XAUUSDShort
by ConanTradingFX
GBPUSD: Should I Buy or Sell?Hello traders! GBP/USD extended losses to 1.3300 during European trading hours on Tuesday after failing to hold gains above the 1.3385 support level on the high-level rising wedge. However, Fed Chair Powell’s less dovish comments and cautious sentiment kept the US dollar supported ahead of the US ISM manufacturing PMI, JOLTS job openings and Fedsepak. The current bearish correction looks far from over. The first support zone to watch is 1.3321, followed by the previous support around 1.3170.
Short
by ConanTradingFX
1
EURUSD: Bearish momentum remains strong!Hello everyone! Today, let's review the EURUSD pair's performance last week and discuss suitable strategies for the current trend with Conan! Currently, EURUSD is stuck in a downtrend, with the price trading below the important support zone of 1.1125 and currently hovering around 1.1115. Notably, the pair is still below the two important EMAs 34 and 89, suggesting that any recovery attempt will face strong resistance zones indicated on the chart. The bearish outlook for EURUSD remains high as the long-term trend is still biased to the downside, with the short-term target towards 1.1090. Given the current technical situation, the possibility of further decline is quite high, but of course, everything is possible. What about you? Do you think EURUSD will continue to decline today? Let's analyze and discuss the most appropriate strategy for this market!
Short
by ConanTradingFX
1
EURUSD: Join the purchase!EUR/USD is hovering below 1.1200 in early Monday morning in Europe. The pair lacks fresh directional momentum, awaiting flash German CPI data and Fed Chair Powell’s speech. More stimulus efforts from China help keep risk sentiment sweeter amid Middle East risks. Given the current market conditions, it looks like EUR/USD will continue its larger uptrend, as the chart shows. The first resistance zone to watch is 1.1200, followed by the upper channel resistance around 1.1240
Long
by ConanTradingFX
XAUUSD: Buyers still have a chance.The price started the week with a spike near the dynamic resistance at $2670, but quickly retreated after the reaction, currently at $2653 and down 0.17% on the day. Although the price of gold has been slightly negatively affected by the market after lacking the momentum and fundamental news to break above the psychological resistance at $2700, this can be seen compared to the 2685 setup. However, the outlook for the metal remains bright at high prices, despite profit-taking from the market. The only concern from the market going forward is the NFP news, which, coupled with concerns about the situation in the Middle East and interest rate cuts and expectations of further adjustments in the future, will have a positive impact on the price of gold. Traders can consider buying when the price drops to the support level around $2625.
OANDA:XAUUSDLong
by ConanTradingFX
USD/JPY: Key Support Spotted in DowntrendThe USD/JPY chart is clearly showing a downtrend as the price has broken below both EMAs, indicating that selling pressure is increasing. The key support level at 142.500 will be the key point to watch, as the reaction here could determine the next trend. If the price recovers from this level, there could be a buying opportunity; otherwise, a deeper decline could occur. Traders should use stop-loss orders to minimize risk in the current volatility.
by Naoomi
Gold prices tend to decrease at the weekend!Hello everyone, Conan here. Today, gold prices are showing a downward trend. After failing to break through the resistance levels of 2670 - 2680, the price has started to decline and is currently trading around 2658 USD. This drop has been supported by some USD buying activity, which tends to weaken demand for this commodity. Additionally, the optimistic market sentiment, fueled by new stimulus measures from China, turned out to be another factor pushing money away from the safe-haven precious metal. As seen on the 1-hour chart, gold prices are still reacting around the EMA 34, and the descending wedge pattern remains unbroken, indicating that the downtrend is not over yet. Based on these factors, in my personal opinion, gold prices are likely to continue falling in the near future, possibly reaching a lower level around 2640 USD.
OANDA:XAUUSDShort
by ConanTradingFX
XAUUSD 29/09/24This week on gold, we maintain a similar overall outlook, with the price action expected to continue moving upward. Take note of the previous high. If a pullback occurs due to any fundamental factors, particularly the potential conflict in the Middle East, there may be opportunities to go long from the highlighted areas. However, if no pullback occurs, expect the price action to continue rising. If we move higher from the current levels, the recent high will likely be taken out. Conversely, if we move lower from our current position, the probability of reaching the high remains strong. Be sure to note the liquid lows, which are in line with both the short-term trajectory and the longer-term trajectory, aligned with higher timeframe demand.
OANDA:XAUUSD
by rosshayes