Chart Patterns
AUDUSD: BULLS ARE CONQURING NEW HIGHAfter a bearish spell the RSI showed a bullish divergence. Consequently the pair has also showed the HH and LH. Therefore, we may initiate a long position when it crosses the recent high.
For convenience the SL, TP1 and TP2 has been marked on the chart.
Pl do share your thought about it.
6015 IS STILL GOING BEARISH DONT BUYAs you can notice on the chart, the price is still pushing bearish since Sept 2023 where it gave us the ATH.
In Jan 2025, it did a quick jump towards the LQ to grab it, and now ir is coming down towards the LQ level at 2.14, the least point we'll expect the price to reach is 2.19 where we have our OB.
Anything that than is just a wish.
NB: I follow the things I have in front of me on the chart combined with the Fundamentals. So please if you have any other POV you can discuss it politely.
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GOLD GOLD buying is reluctant and will be heading into first sell zone on break out of the descending bearish 3hrs channel ,i will watch the price action on 2888-2890 first sell ,the second break and retest will be 2906-2900 and lastly structural breakout in the zone of 2946-2940 zone pay day,pay day,pay day.
Gold prices continue to stand at their lowest level in 3 weeksGold prices are currently hovering around $2,872 an ounce, reflecting the strong market volatility caused by President Donald Trump's tariff policies. On March 1, Trump signed an executive order requesting a national security investigation into imported lumber, bringing the total number of tariff investigations in the past 10 days to three.
He previously announced plans to maintain a 25% tariff on goods from Canada and Mexico, along with an additional 10% tariff on goods from China, raising concerns about the possibility of a full-blown tariff war.
Meanwhile, the US Federal Reserve (Fed) forecast that the US economy could face negative growth in the first quarter of 2025, leading the market to believe that the Fed will have to cut interest rates to support growth.
This week, important reports such as non-farm payrolls and the European Central Bank's policy decision on Thursday will continue to be in the focus of investors' attention.Gold (XAU/USD) remains bearish, with an unfilled gap at 2,887 - 2,837. After a slight rebound to fill the gap, the price may face strong selling pressure at the important resistance zone, especially when it meets the confluence with EMA 34 & 89, increasing the possibility of a bearish reversal. If rejected here, XAU/USD may continue to slide to 2,851 - 2,837, even extending the decline to deeper support levels.
In addition to technical factors, the upcoming US ISM PMI manufacturing data may have a big impact on the USD. If the PMI is above 50, the economy expands, the USD strengthens, creating downward pressure on gold. Conversely, if the PMI is lower than expected, the USD weakens, which may help XAU/USD hold support.
Sell around 2.887 - 2.837, stop-loss above 2.900, target 2.851 - 2.837.
Sell when price breaks 2.843, confirming a stronger downtrend.
Buy for short if price reacts strongly at 2.837, expecting a recovery to previous resistance.
Gold rebounds under pressure
Gold experienced technical pressure last Friday and continued to fluctuate downward during the Asian, European and American sessions. It eventually accelerated its decline to around 2832 during the US session and then rebounded and closed. After the opening of this week, gold rebounded to 2876 and then fell again to 2865 and fluctuated. The upper short-term pressure is at 2876-80. It is recommended to enter short orders when the rebound touches this area.
Today's gold operation strategy:
Short order strategy:
Entry point: Short when gold rebounds to 2876-2880.
Stop loss: Set at 2892.
Target: Look down to 2830-35, if it breaks, continue to hold.
Long order strategy:
Entry point: If gold falls back to around 2825-30, consider entering long orders.
Stop loss: Set at 2815.
Target: Look up to 2860-70.
Key points:
Short-term resistance: 2876-2880.
Short-term support: 2825-2830.
Bull-bear watershed: 2890.
Operation suggestions:
High-short-low-long: short near 2876-2880, long near 2825-30, maintain range operation.
Be cautious in chasing orders: It is recommended to watch more and do less in the middle position, and wait patiently for key points to enter the market.
Risk warning:
The gold market fluctuates greatly. When operating, you need to strictly control your position and stop loss to avoid excessive chasing orders.
Pay attention to changes in market news, especially the impact of factors such as the Federal Reserve's policy and geopolitics on gold prices.
3.3 Gold is under high pressure, beware of a pullbackThe gold four-hour line is also suppressed by the moving average, and the rebound is short-lived, and it is directly pressed on the floor. At the same time, the upper resistance of 2880 and 2890 is an obvious resistance. The K line is just a rebound and is definitely not a reversal. It is obviously still empty below the two resistances, and the K line is suppressed directly to the point of being unable to breathe, and is pressed on the floor. The K line goes down from 2955 to 2830. This big short is obviously still strong.
Short-term suggestion 2880 SELL
US30 Long: Bullish Outlook with Higher Targets Ahead Long Position on US30 – Targeting 43,680
1. Uptrend Confirmation
- US30 is forming higher highs and higher lows, confirming a strong bullish trend.
- A breakout above recent resistance levels suggests continued upside momentum.
2. Moving Averages Support
- The price is trading above the 50-day and 200-day moving averages, reinforcing bullish sentiment.
- A potential golden cross (50 MA crossing above 200 MA) could further support upward movement.
3. Key Support and Resistance Levels
- The index has bounced off a strong support zone, indicating buyers stepping in.
- A confirmed breakout above resistance suggests an upward push toward the 43,680 target.
4. Momentum & RSI Confirmation
- RSI remains above 50, showing bullish strength without being overbought.
- A bullish divergence in RSI and price action supports further upside.
5. Volume & Market Participation
- Increasing buying volume on rallies confirms strong bullish momentum.
- Weak selling volume during pullbacks indicates a lack of downside pressure.
6. Fibonacci & Technical Targets
- The 43,680 target aligns with Fibonacci extension levels, making it a realistic price objective.
- If momentum continues, additional upside levels may be tested beyond this zone.
New Long Position Opened! AIX/USDT (1H)🚀 New Long Position Opened!
📈 Pair: AIX/USDT (1H)
🔹 Entry: $0.2230
🔹 Target: $0.2485
🔹 Stop Loss: Below $0.2115
I'm currently long on AIX/USDT as price is trending inside an ascending channel.
Why This Trade?
✅ Price is respecting the lower trendline of the channel.
✅ MACD is still bullish – momentum is on my side.
✅ RSI is bouncing from mid-levels, showing buyers are stepping in.
✅ Volume is picking up, confirming the move.
📌 What I'm Watching:
🔸 If price holds above support, I expect continuation towards my target.
🔸 If we see a break below the trendline, I'll be ready to cut the trade early.
Risk is managed, now let's see how this plays out! Let me know if you're in too. 🚀📊
#Crypto #Trading #TechnicalAnalysis #LongSetup #CryptoTrading
Abbott and Amazon: Two Bright Spots in a Sea of Red◉ Abbott Laboratories NYSE:ABT
● The stock previously faced strong resistance near the $134 level, leading to an extended consolidation phase.
● During this period, a Rounding Bottom pattern emerged, signalling a potential continuation of the upward trend.
● Following a recent breakout, the stock has surged to its all-time high and is expected to maintain its upward momentum in the coming days.
◉ Amazon NASDAQ:AMZN
● Since August 2020, Amazon's stock has been consolidating, forming a clear Inverted Head & Shoulders pattern.
● After breaking above the neckline, the stock rallied sharply and reached an all-time high near $242.
● Following this, the price pulled back to retest the breakout level and with a successful retest, the stock is now well-positioned to resume its upward trend.