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Is Gold About to Surge or Drop? Handle XAUUSD's Next Big MoveChart 1: 15-Minute Timeframe Key Observations: Trendlines: The chart displays an ascending channel pattern. The upper and lower trendlines are drawn to capture the price action within this channel. Resistance Zone: There is a marked resistance zone around 2470-2480, where the price has faced rejection multiple times. Support Levels: Immediate Support: The lower trendline of the ascending channel acts as immediate support. LQZ/Reversal Point: At 2429.19, there is a significant level indicated, likely a liquidity zone or a potential reversal point from a higher timeframe. Chart 2: 1-Hour Timeframe Key Observations: Higher High (HH): The chart indicates a higher high formation at the recent peak, suggesting an uptrend. Possible Scenarios: Bullish Scenario: If the price breaks above the resistance zone around 2480 and holds, it could target higher levels around 2520 and potentially 2550. Bearish Scenario: If the price fails to break the resistance and instead breaks down from the ascending channel, it could move towards the LQZ/Reversal points at 2429.19 (1-hour) and 2391.39 (4-hour). Support Levels: 1-Hour LQZ/Reversal Point: At 2429.19, providing a potential support zone for a bullish reversal. 4-Hour LQZ/Reversal Point: At 2391.39, indicating a deeper support level from the 4-hour timeframe. Immediate Support: The lower trendline of the current ascending channel. Summary: Immediate Focus: Watch the price action around the resistance zone (2470-2480) for potential breakout or rejection. Bullish Confirmation: A breakout and retest above 2480 could signal a continuation towards higher targets. Bearish Confirmation: A breakdown from the ascending channel and below the immediate support levels could trigger a move towards the lower LQZ/Reversal points. Key Levels to Watch: Resistance: 2470-2480 Support: 2429.19 (1-hour LQZ), 2391.39 (4-hour LQZ)
OANDA:XAUUSD
by Adlercon333
APOLLO HOSPITAL / SWING TRADE # GOOD STRONG CLOSE #TRADING OUTSIDE A CONSOLIDATION ZONE # SL 6300 ALWAYS TAKE RISK REWARD IN TO ACCOUNT .IT IS THE CORE STRENGHT OF TRADING. NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS "Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
NSE:APOLLOHOSPLong
by varunprakashmr
SYNGENE / SWING TRADE# STOCK TRADING ABOVE TRIANGLE PATTERN IN 30 MIN CHART # TAKING SUPPORT FROM SMA 21 #SL 705 ALWAYS TAKE RISK REWARD IN TO ACCOUNT .IT IS THE CORE STRENGHT OF TRADING. NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS "Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
NSE:SYNGENELong
by varunprakashmr
AUROPHARMA/SWING TRADE # STRONG CANDLE CLOSE #TRADING WITHIN A PATTERN # SL 1200 ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING. NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS "Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
NSE:AUROPHARMALong
by varunprakashmr
VBL/SWING TRADE# ENGULFING CANDLE AT RTST LEVEL #TALING SUPPORT FROM MA21 EMA 21 # SL 1573 ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING. NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS "Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
NSE:VBLLong
by varunprakashmr
SRF/SWING TRADE # PRICE LOOKING BACK TO PREVIOUS TREND #PRICE TRADING IN A PATTERN # TAKING SUPPORT FROM MA 21 MA 50 EMA 21 #SL 2370 ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING. NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS "Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
NSE:SRFLong
by varunprakashmr
GOLD - one n only support, holding or not??#GOLD... a perfect move is going on according to our video analysis and as you can see market perfectly hold 2 times 2331 32 and dropped. and our last day supporting area 2321 is still valid guys don't take it easy, a triangle is also on table. keep close the tringle. TECHNICAL: 2321 is one of the most important on chart in hour and 4 hours chart. in yesterday market perfectly hold it and now again hat is your area, short only below that area with mentioned tp's good luck trade wisely
OANDA:XAUUSD
by AdilHussain731333
#CADCHF short term selling opportunityA short position would be considered if the price could break below the rising wedge pattern. A long position would be initiated if the price could break above the rising wedge pattern and closes above a VWAPs. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the shorting scenario: Price below important dynamic resistance. Price creating a rising wedge pattern with a bearish intrinsic nature. bearish divergence between price and momentum oscillator. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
$BTCUSD - Oh no, double top?Hi guys! 👋🏻 🔔 $71400 is a static barrier for $BTC. The resistance which #Bitcoin is yet to break. Bitcoin is lacking liquidity to overcome that resistance, thus I'm waiting for the continuation of a correction. 🔔 Any bullish sign will be only above the aforesaid resistance or when #BTC completes the double top pattern and withholds the support at $60800. 🔔 Watch the area marked with rectangle on this chart closely. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDShort
by azizelliott
GBPAUD - Look for Continuation Long (SWING) 1:6!Hey followers! SFX is back after a loooooooong break! Here we go with the first setup after my comeback :) The price is forming a descending triangle pattern on the higher time frame and is currently reaching the top descending line. Despite this, there is no sign of bearish momentum yet, as it is supported by a strong daily trendline. Be cautious of fakeouts, which are common as liquidity traps that can trigger stop-losses before the price potentially rises significantly. Zooming in to the lower time frame, we observe a strong bullish flag, indicating that buyers are still active. What should we do next? Wait for another confirmation, such as the next candlestick or chart pattern, once the Daily/H4 closes before going long. If confirmation is given and the daily support holds, be prepared for the price to potentially rise significantly. Oh, by the way, fundamentally, AUD is correlated with GOLD. Currently, DXY is showing strong bullish momentum and is consolidating (pulling back) at the moment. What does this mean? GOLD = AUD = Bearish. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
BITCOIN: HISTORICAL AND LOGARITHMIC CHART!This chart is based on historical data and is logarithmic. I believe that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot continue to grow exponentially; this would lead to insane prices of many millions in 2025. While I am a long-term Bitcoin bull, one has to remain realistic. The cause of these growth cycles is the halvings, which lead to a supply shock followed by a subsequent rally—every time. These are all guesstimates, of course, but I think this chart is realistic. The long-term goal for BTC in 2025 is around 150K to 180K USD, in my opinion. It won't go much higher afterward and can be seen as the final asymptotic price. Important Things to Note - During the 2016 bull run, after breaking its previous ATH, BTC had a 303-day bull run and reached a new ATH of $19,666. - During the 2020 bull run, after breaking its previous ATH, BTC had a 337-day bull run and reached a new ATH of $69,000. - In the 2024 bull run, BTC broke its previous ATH in just 500 days, which was not expected. The current situation is that BTC broke out of its previous ATH and is currently retesting it. Based on historical data, we can expect a bull run lasting between 303 and 337 days. I hope this chart helps people understand the long-term growth dynamics of BTC. This idea is presented in a probabilistic manner.
BITSTAMP:BTCUSDLong
by CRYPTOMOJO_TA
18
XAUUSD Trading plan for the week of May 4, 2024Looking at chart D, we see that with the current price level, the candle has not yet closed above 2430, so we will have 2 plans for next week. Last week we saw Information that the Fed still has no plans to cut interest rates and even extends the expected time to reduce interest rates is continuously given by Fed officials. This creates concern that the USD will not weaken, so in the weekend sessions, gold price had a strong adjustment from 2450 to 2332 in the last 2 sessions of the week. This week we pay attention to two important news: Prelim GDP q/q, Unemployment Claims and Core PCE Price Index m/m With the forecast decrease in GDP and increase in Unemployment Claims, it is showing the consequences of the tightening economy. Besides, the news of Core PCE Price Index m/m decreasing is a very good sign to help the Fed have monetary plans. currency to run a stable economic development. But we still have to wait for the actual data to be released and it will affect the trend this week. Looking at chart D, we see that with the current price level, the candle has not yet closed above 2430, so we will have 2 plans for next week. First plan - According to the Elliot principle, wave 4 has completed and now the gold price is in wave 5 and this wave 5 is confirmed when the candle closes above 2430. - Wave 5 will include 5 small waves i ii iii iv v - Currently, the price correction last weekend has completed wave i and is preparing to complete wave ii to start wave iii - Looking at the Weekly frame momentum indicator, this indicator has reversed in the oversold area combined with the daily frame momentum as shown on the chart, we see that the momentum has approached the oversold area, signaling that the downward price momentum has weakened. So our trading plan for next week is to go to the H1 area to find candlestick reversal signals to Buy at this price range of 2334. Second backup plan - If the price continues to decline and breaks out through the 2278 area, we will use this backup plan - At that time, the price continues to complete wave c in the corrective wave abc - We have measured the target of ending wave C at area 2211 - Then our trading plan waits for the price to reach this target area and then we enter H1 to look for reversal signals at the 2211 price range to buy up. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
OANDA:XAUUSDLong
by DEEKOP
2