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Gold (XAU/USD) at Critical Turning Point – Breakout or BreakdownThis 15-minute chart of Gold Spot (XAU/USD) highlights key technical levels and potential price movements. The chart identifies crucial support and resistance zones, along with a "No Trade Zone" indicating an area of market indecision. The projected price action suggests two possible scenarios: 1. A bullish breakout above resistance towards $2,920+. 2. A bearish breakdown below support to around $2,850. Traders should monitor price reactions at these levels for confirmation before entering trades. Note Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
OANDA:XAUUSD
by MrGeorge_Fx1
5
BluetonaFX - USDJPY Further Pressure MountingHi Traders! There is further downside potential on the USDJPY 4H chart. The current monthly low at 141.152 looks to be the next likely target for a possible re-test of the level. Price Action 📊 The price action looks bearish, the market swings are getting lower, and the market has been below the 20 EMA for the past week. As long as the market remains below the 20 EMA, our plan is to sell rallies to target exits near 147.152. Fundamental Analysis 📰 Today we have six FOMC members speaking, and traders will be keeping an eye on their comments regarding inflation and interest rates. Other important market events this week that could increase the volatility in the US dollar are likely to be the ISM data and the Federal Reserve's preferred gauge of inflation, the Core PCE data. We will also have US GDP later in the week, and to round off the week, Fed Chair Powell will be speaking. Support 📉 147.968: WEEKLY LOW 147.152: MONTHLY LOW Resistance 📈 148.832: WEEKLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - USOIL Approaching 3 Month LowHi Traders! USOIL is slowly pulling back to its three-month low at 77.68.   Price Action 📊 The market's price action is currently bearish due to a few signs. The market recently had a trendline support momentum break after a very strong uptrend period, which has led to lower highs and lower lows. Finally, the market broke under the 20 EMA and has failed to go back above it for over a week. These signs are pointing to a possible market reversal of the bullish period the market had in August. We are now looking for a continuation down to target the three-month low at 77.68, which is where the bullish period started. Fundamental Analysis 📰 Oil prices have started to dip even after raising tensions in the Middle East, as investors closely monitored the U.S. Federal Reserve’s monetary policy meeting and in anticipation of the US Non-Farm payrolls due out at the end of the trading week this coming Friday. Support 📉 80.35: WEEKLY LOW 77.68: THREE MONTH LOW Resistance 📈 84.67: 20 EMA 85.19: WEEKLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:USOILShort
by BluetonaFX
5
BluetonaFX - USDJPY Outlook for NFP AnnouncementHi Traders! USDJPY is trading with momentum ahead of tomorrow's Non-Farm Payroll (NFP) announcement, and we could see a break above the resistance level at 145.073, especially if the NFP data is strong. All of our indicators and price action analysis on the 1D chart are showing us that USDJPY is currently bullish. Since we had the break and close above our 20 EMA, the market has continued with strong momentum, and as long as we stay above the 20 EMA, we are likely to continue to the upside. We are now looking for a momentum break above the upper Bollinger band at the 144 level. The market is currently below the upper band, so we must get a break above the band to continue the bullish momentum. That being said, we must also be wary of the other side. We have pointed out a dragonfly doji on the chart, which, although it has a bullish bias to it, is still an indecision candle. Therefore, it is important to be wary of this, which is why we must get the break above the upper Bollinger band to continue the bullish momentum. Without the break above the upper band, the bullish momentum will likely fade, and the market is likely to pullback towards both the middle band and the 20 EMA. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
6
BluetonaFX - DXY Triangle OpportunityHi Traders! We are nearing a bullish breakout on the US Dollar Index (DXY) 1D chart. This, however, will be heavily dependent on today's and tomorrow's very important fundamental data releases, which will indicate where the US economy is heading. Looking at the technical price action on the chart, we have marked a few key things to focus on. Firstly, there is a symmetrical triangle formation that has developed on the chart, which is a pattern that is neither bullish nor bearish; however, we have a bullish bias on the basis that there was a recent strong bullish momentum swing to test the upside trendline for a possible break above. If there is a break above, we have the psychological 104.000 as a target; the market has not been above the 104.000 level in 4 weeks. Further to the upside, there is the longer-term resistance level at 104.699. This is May 2023's high, so if there is strong bullish momentum, especially if there is positive data for the US in the next couple of days, this level will be a target. On the downside, if we do not get a break and close above the trendline, the market will go back into the range, and we have possible long-term support at 101.921. Please do not forget to like, comment, and follow. Thank you for your support. BluetonaFX 
TVC:DXY
by BluetonaFX
2
USDCHF >Bullish Harmonic Bat Pattern!!Analysis of #USDCHF Hi traders, today we will have a look at #USDCHF as can see we have a beautiful bullish harmonic bat pattern which may or may not complete at a very interesting level just near 0.9200, which is also a key market and very strong support level if the market actually goes to this level it will be a very good opportunity to look for a buy, so if the market actually goes and completes the D leg I will think of entering the market depending on how the market will go there if the market drop from here with strong momentum, I will wait for confirmation and a bullish reversal pattern if the market goes slowly and complete the D leg I will set a limit order I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
22