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Gold approaching my Target zoneAs firstly discussed on title of my yesterday's session commentary: "Gold reversed however Bullish potential remains strong" and in discussion: "My position: Game plan is simple, Buying Gold above #2,752.80 benchmark again and #2,742.80 break-out to the downside has #2,700.80 benchmark on aim." Fundamental analysis: The inability to pierce aggressively below #2,742.80 Support on Hourly 4 chart along with the sharp fall on equities and DX taking strong hits, are putting Gold (Xau-Usd Spot) under heavy Buying pressure again. At the same time DX has made a new multi-Month Low’s, and the fact that Gold was still more or less stationary when DX was in the same manner leads me to believe that Short-term correlation is not switched (Gold - DX / my main correlation and point of interests at the moment) and capital drawn from DX is making Investors park their capital to Low-risk assets such as Gold which is soaring at the moment. DX Bottom rejection is preventing steeper uptrend on Gold, defending the #2,772.80 - #2,782.80 Resistance level comfortably. Same configuration suggests that as long as DX is Trading near local Low’s, while Bond Yields engages movements within Neutral Price-action Rectangle, Gold will Trade under heavy Buying pressure. In any case the Hourly 4 and Daily chart Technicals suggest that if #2,772.80 firmly gets invalidated, I should be seeing #2,785.80 - #2,792.80 configuration next and #2,800.80 psychological benchmark (record High's) in extension. Keep your Buying orders and Trade accordingly.
TVC:GOLDLong
by goldenBear88
AUD/USD H4 Prediction for 24-01-2025of AUD/USD on the 4-Hour Timeframe: The chart highlights a key H4 Resistance Becoming Support (RBS) zone at 0.62896, where traders are advised to wait for confirmation before entering a trade. An A+ buying level is identified around 0.61790, suggesting strong demand in this zone. If the price holds above the H4 RBS, it may aim for the next resistance zone at 0.64412. The chart outlines potential bullish scenarios with upward price targets, emphasizing disciplined trading decisions for optimal entry.
Long
by FXFOREVER_87
EURNZD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Short
by thegoldenbear
SUPRA chart analysisSo far I have called every move on SUPRA since joining the SUPRA tribe. What we see on this chart is SUPRA is in a downtrend still rejecting off fib pocket each time. I have not shown the fib indicators here to show this as the chart would be too messy. On the Stoch RSI we can see each time it crosses up as shown by the orange vertical lines, the price on the chart goes from the yellow arrow to the % as shown by the green price ranges. The Stoch RSI needs to get above 40 as it has not done so yet and this will break SUPRA out of the downtrend. Also the normal RSI is in a downtrend also as you can see. On the chart the 0.03252 yellow line is major resistance as well as the current green trendline keeping SUPRA in a downtrend. The current cross of the Stoch rsi shows an upward move already on the price chart and the estimated target which is exactly where the fib pocket is. If reject there price goes lower to 0.016 Do not forget to smash that rocket like button!
Long
by Pro_Trader_HTBB
DAX Short 4HGood morning, TradingView friends! I’m excited to share my latest market forecast with you. This setup uses Fibonacci and psychological levels as our key indicators. First up, we’re looking at the 21,405 level. It's an important Fibonacci point, and I believe the price will bounce back here, heading towards the trend line. Next, I expect the ascending trend line to hold strong, guiding the price to a crucial psychological and Fibonacci level at 21,500. From there, we might see a 4-hour and daily correction. For confirming these moves, keep an eye on the lower time frames. A good sign to watch for is an M-pattern with a Lower High on the second leg. Can't wait to hear your thoughts and keep the conversation going!
OANDA:DE30EURShort
by Persian_Traders_