SOL Solana Bearish PennantIf you haven`t sold SOL close to the top:
Solana, hailed for its scalability and performance within the cryptocurrency ecosystem, finds itself ensnared within the confines of a bearish pennant formation, signaling potential headwinds for the altcoin in the near term. With a looming price target of $125, Solana faces mounting selling pressure as it grapples with the implications of this ominous technical pattern.
A bearish pennant, characterized by a brief consolidation phase following a sharp downward move, often precedes further declines, reflecting a temporary pause in selling pressure before a potential continuation of the prevailing downtrend. Solana's recent price action mirrors this pattern closely, with each attempt at recovery stymied by strong resistance, reinforcing the prevailing bearish sentiment.
Buysell
XAUUSD major support and resistance for the daysupport:
2348
2337
2327
2322
2312
2306
Resistance:
2365
2374
2388
2395
2404
2412
2421
The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week.
like boost follow us for more market updates
xauusd scalp signalfor the day 20/72024 xauusd is following a ranging pattern and now we will post a scalp signal for xauusd.
sell limit
entry 2330.50
tp 2329
2327.50
2325
buy limit
entry 2322
tp 2324
tp 2326
tp 2329
use comfortable sl in both entries. trade with proper risk management.
boost us follow us support us
XAUUSD As from our previous analysis we published both bullish and bearish targets for xauusd , as the market lacks momentum we finds a buy from 2322,
at the point 2322 we can find big bullish volume and also 100 day moving average passing through. we can also elicit the presence of an order block as well as a fair value gap in this region.
for more information follow our previous chart analysis posted.
LIKE SHARE BOOST AND FOLLOW US
xauusd analysisOn last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅
BULLISH:
2335 ✅✅✅
2343 ✅✅✅
2347 ✅✅✅
2355 ✅✅✅
2367 ✅✅✅
2376 ✅✅✅
2398
BEARISH;
2321 ✅✅✅
2312 ✅✅✅
2298 ✅✅✅
2287 ✅✅✅
2282
our analysis for monday june 10 2024
as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on friday a possible retracement can be elicited out.
if the support area from 2288-2282 is not breached then xauusd will fly back to 2333 area where it has major resistance
minor resistance are present in 2304 2315 2321
more updates will be posted soon.
please like share and follow us for more market related updates
US DOLLAR INDEX The us dollar index opened with a gap. today the us dollar index which was closed at 104.94 opened at 105.5 with 11 point gap.
this gap may be an indication that us dollar is going to resume its upward momentum this week which it has started on last Friday.
if this momentum continues it will be a fall for xauusd.
more clear cut analysis will be posted soon .
but please post your comments which will be helpful to understand what the crowd thinks and thus understand market sentiments.
LIKE BOOST FOLLOW US
XAUUSD ANALYSIS OF THE WEEKLast week market has seen major volatile movements and this week the market will be more volatile due to abundant economic events that are about to happen.
last week we have seen fall to major support area of 2322 and again market trying to breach the support and go to area of 2310 and from there a down fall to even 2281.
The major moving averages both smoothed and exponential are in areas of 2344 to 2347 area.
Breach above the area will meet major resistance of 2355 2367 2374 2383 2397.
BULLISH AND BEARISH TARGET :
BULLISH:
2335
2343
2347
2355
2367
2376
2398
BEARISH;
2321
2312
2298
2287
2282
xauusd ranging market zoneOn Monday we posted analysis of gold mentioning major support and resistance along with bullish and bearish targets. both bullish and bearish target got hit and today we find a ranging market in a particular zone.
RSI is below its neutrality area of 50%.
Market range 2316- 2348
a breach below 2311 will take market to 2304 and 2287 in deep dive
above 2355 market will challenge next resistance points including 2363 and 2376
xauusd ADP NONFARM EMPLOYMENT REPORTADP is performs payroll services for its clients. The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is used as a predictor of the government's Labour Market Report.
A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
FORECAST 173K
PREVIOUS 192K
ACTUAL 152K
the data released is less than forecast and also less than previous report, which is too much bearish for dollar.
its impact may show up after the us market is opened
XAUUSD TODAY: Gold price keeps risingGold prices hovered around $2,340 per ounce on Tuesday, after logging gains in the previous session underpinned by growing expectations of eased monetary policies by major central banks. On Monday, data showed that US manufacturing activity slowed for a second consecutive month in May, while construction spending unexpectedly fell in April due to declines in non-residential activity. This further increased speculations that the Fed has room to cut rates this year. Traders are currently pricing a 60% probability of rate cut in September
SELL GOLD: 2374 - 2376 , SL: 2380
BUY GOLD: 2327 - 2325, SL: 2321
Good luck investors
XAUUSD recent updatexauusd is moving so deep down after various FED talks
Gold slumps amid strong US Dollar, high US Treasury yields
Gold prices slump on Wednesday amid rising US Treasury yields, boosting demand for the Greenback due to hawkish comments by a Federal Reserve (Fed) official.
our recent analysis founds 2330-2328 is a strong support area and 2344 act as major pivot due to simple moving average passing through the point and mayor retracement from that area many times yesterday.
above 2344 its a buy
like share subscribe
xauusd analysis for the week 27/52024- 31/07/2024the last week we have witnessed the biggest fall in a week in last 5 months. what will be going to happen in the coming week is much anticipated thing for traders.
our viewpoint is there will be an upward correction in the trend and the retracement zone for the market is from 2327-2333 area and the growing geopolitical tension in the middle east will also be an add on factor for this correction.
if the market goes below 2321 area of support then we can see a downfall till 2275 extended up to 2253.
bullish targets:
2343
2355
2363
2376
like share and follow us
post your comments to enlighten us with your view points
xauusd weekly reviewxauusd faced the largest one week drop in last 5 months. the exact reason for this can be elicited as many.
1) soon there will be no change in interest rate of us dollar and its decided as it is may happen by september not in june
2) strong us job data
3) lot of positive economic news from usa which powered dollar
4) in last two months xauusd was over brought and now a correction is happening in that price.
5) market manipulation.
What you feel please comment us
XAUUSD ANALYSIS OF THE DAYXAUUSD has seen a big fall in last two days from a upper level of 2450 to 2328 almost 1220 pips and there is no rational reason for this fall instead lot of looming geopolitical us market related financial revelations are moving market.
currently we see a few up trends from two layer
entry level : 2329
entry level 2 : 2312
major tp and resistance points 2344 2363 2376 2383 2397
pivot 2365
trade with care
✔️✔️✔️like share follow us for more such market related trends and updates
xauusd new update and signalstwo days before we have published a chart showing potential movement of xauusd and its possible downward tends and upto what level it will fall. we have explained that if it breaches 2407 then it may fall to 2376
bullish targets: 2440
2433 done
2427 done
2421 done
2413 done
bearish targets : 2401 done
2397 done
2396 done
2391 done
2383 done
2376
we pin that previous charts also here.
like share follow us for more results
OIL 20/5/2024 AnalysisDue to serious geopolitical scenario happening in the middle east usoil has a potential tendency to go long.
the Israel strike over Rafa and death of iranian president has created a serious tension in the middle east zone which can be affecting the price of black gold the oil.
Bullish targets: 79.60
79.80
80.10
bearish targets : 79.00
78.80
supports: 79.23
78.57
78.21
pivot 78.85
resistance 79:85
80.25
until and unless the pivot is not broken oil will continue buy.
boost follow and share us for more such trade analysis.
xauusd recent analysis based on market movementsfrom the volatile market movements in us section 2407 now acts as a major pivot. any movements above this section will be a buy upto the area of upper interest 2450 and breach of this pivot will draw market down passing various supports down to 2376.
PIVOT 2407
RESISTANCE 2427, 2436, 2449, 2463
SUPPORT 2407, 2400, 2397, 2392, 2383, 2376
support like share and follow us