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Candlestick Analysis

Gold: Staying Bullish Despite the NoiseGold has been trending bullishly for some time, with multiple breaks to the upside confirming the trend. However, the most recent move saw a break to the downside. While this may lead many traders to turn bearish, I see this as a potential reaccumulation phase rather than a trend reversal. From my perspective, this move could be a trap to generate liquidity below before targeting the cloud of liquidity identified above. If this analysis holds true, we might see a push higher and potentially a new high forming in the near future. What do you think about this move? Let me know in the comments! 🟡📈 Disclaimer: This is not financial advice. Always do your own research before trading or investing.
OANDA:XAUUSDLong
by TraderOuss_LumaNex
Treasury yields at a crossroads? The implications for marketsThe long end of the US Treasury curve has been influential for FX markets recently. The rolling 10-day correlation between US 10-year yields with the DXY, EUR/USD, GBP/USD, and USD/JPY is either strongly positive or negative. Even gold shows a notable -0.73 correlation, highlighting the influence of long bonds on broader markets. Given the inverse relationship between bond yields and prices, it’s no surprise that the correlation between 10-year yields and 10-year Treasury futures (shown in orange, left-hand pane) has been nearly perfectly negative over the past two weeks. In terms of directional risks for yields moving forward, the right-hand pane showing US 10-year Treasury note futures is instructive. The price remains in a downtrend, repeatedly rejected since being established October. If this trend persists, it signals lower prices and higher yields. That said, with the bullish hammer candle from the lows last week, coupled with RSI (14) and MACD which are providing bullish signals on momentum, you get the sense we may be in the early stages of a turning point. If we were to see the price break the downtrend, resistance may be encountered at 113’00, a level that’s been tested from both sides in recent weeks. If that were to give way, it points to an environment of a softer US dollar and kinder conditions for longer duration assets and commodities. Good luck! DS
Editors' picks
CBOT:TN1!Education
by FOREXcom
1
POV : VRAJ : VRAJ IRON AND STEEL LTDPOV : VRAJ : VRAJ IRON AND STEEL LTD Chart Analysis: The price level of **240** is acting as a critical **support and resistance** zone, as evident from past behavior. Similarly, in the 209–212 zone, every time the price reaches this area, it sees buying interest, establishing this level as a strong support. Last month, the price took support at the lower levels and formed a Higher Low (HL) pattern. However, it failed to sustain above the 240 level on two attempts, showing resistance at this level. Going forward, a bullish formation was observed, breaking out with a small gap. However, after retesting the support zone, the price attempted to cross the gap again yesterday but failed to close above it. --- ? What to do Reversal Trade Play: - Consider entry above 225 with a stop loss below 209 closing Basis - Set an initial target of 240, and for further targets, re-evaluate only if the price sustains above 240 on a closing basis. 👎 What NOT to do: - Do not hold positions if the price falls below 209 under any circumstances. - Do not enter a trade unless the price crosses 225. - If the price closes below the previous day’s close on the trading day, exit the trade immediately. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #Disclaimer #NiVYAMi
VLong
by kzatakia
POV : VRAJ : VRAJ IRON AND STEEL LTDPOV : VRAJ : VRAJ IRON AND STEEL LTD Chart Analysis: The price level of **240** is acting as a critical **support and resistance** zone, as evident from past behavior. Similarly, in the 209–212 zone, every time the price reaches this area, it sees buying interest, establishing this level as a strong support. Last month, the price took support at the lower levels and formed a Higher Low (HL) pattern. However, it failed to sustain above the 240 level on two attempts, showing resistance at this level. Going forward, a bullish formation was observed, breaking out with a small gap. However, after retesting the support zone, the price attempted to cross the gap again yesterday but failed to close above it. --- ? What to do Reversal Trade Play: - Consider entry above 225 with a stop loss below 209 closing Basis - Set an initial target of 240, and for further targets, re-evaluate only if the price sustains above 240 on a closing basis. 👎 What NOT to do: - Do not hold positions if the price falls below 209 under any circumstances. - Do not enter a trade unless the price crosses 225. - If the price closes below the previous day’s close on the trading day, exit the trade immediately. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #Disclaimer #NiVYAMi
VLong
by kzatakia
UK inflation report to provide fresh GBP/USD setupsGBP/USD would likely be a lot higher heading into today’s UK inflation report if not for the Ukraine headlines yesterday. The bullish pin coming a day after a bullish engulfing candle says as much, reflective of plenty of willing buyers below 1.2613. With RSI (14) breaking its downtrend and MACD looking like it may soon flick higher, momentum also looks to be in the early stages of turning, adding weight to the price signals over the past two sessions. While the near-term bias is bullish, entry for potential longs will be determined by the UK inflation report due out shortly. The annual headline rate is expected to accelerate to 2.2% from 1.7%, although traders may want to put more weight on the core and services figures given noise created by base effects. The former is seen easing a tenth to 3.1% while services is tipped to remain sticky at 4.9%, reflecting the impact of continued strength in wages growth. However, domestic factors have not been highly influential over GBP/USD moves recently, as demonstrated by the extremely tight inverse relationship with US benchmark 10-year US Treasury yields over the past fortnight. If the relationship persists, use the reaction to the report to evaluate the merit of setups. If we see a dip towards 1.2613, you could buy with a tight stop beneath for protection. 1.2720 would be the initial target with 1.2803 the next after that. Another option would be to wait to see whether the price can break above 1.2720, allowing for longs to be established with a stop below. 1.2083/200DMA would be the first target. Beyond, the uptrend dating back to May is also on the radar. It’s found around 1.2930 today. If the price were to break and hold below 1.2613, the bullish bias would be invalidated. Good luck! DS
Long
by FOREXcom
Ethereum time to shine-Swing trading LONGEthereum: Your Time to Shine BINANCE:ETHUSDT Ethereum, it’s your moment. You’re in a prime setup for traders, where psychology is playing a crucial role. As Bitcoin consolidates sideways, Ethereum is retesting a key zone, preparing for what could be its true breakout. This is your time to shine. Remember, this is not financial advice. Always use a responsible risk management strategy. My trade is targeting the ATH zone, where I plan to take profits and wait for a similar setup to reposition myself strategically
Long
by Jaytradermb