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XAUUSD (GOLD) 4H ForecastFactors to watch for gold price action-  Global stock market- Bearish (Positive for gold) US dollar index –Bullish (negative for gold) US10-year bond yield- Bullish (negative for gold) Technical: The near–term support is around $1780, violation below targets $1750. Significant reversal only below $1750.The yellow metal facing strong resistance $1820, any violation above will take to the next level $1835/$1860/$1877$1912 is possible DISCLAIMER: ((trade based on your own decision )) <>
OANDA:XAUUSDLong
by Goldsignal75
Gold Extends GainThe gold climbed further at the beginning of the week, following a strong bullish rebound from last week. By now, there are multiple breakouts of falling trendlines and highs which also resulted in the formation of higher lows and higher highs. We will wait for an opportunity to buy the pullback, expecting the price to retrace to 1755 - 1750 demand level. If it goes beyond it will be back to 1745. Otherwise, a bullish continuation will see the price to 1780 supply level.
FX_IDC:XAUUSDLong
by AlgoVenture
Is NASDAQ Out of the Wood?Nasdaq along with other US stock indices has been recovering a big chunk of losses since last week. However, obviously, we are not out of the wood, and if we ain't, do we sell or wait? There's still a pretty good chance we see the market tank for a second time and one of the reasons is that the pullback is still well lesser than 10%. If you go back and look at every major pullback up to early 2020, you would have realized every major pullback went well over 10% Another consideration is the current fundamentals are different as well - we now have a serious risk of inflation while back then we don't and the market has a lot to pump the stock market with their stimmy checks from the Fed. Right now, we are seeing a probably M formation in the making, a formation of a bearish bat completed and just nicely seated between the Fibo levels of 61.8% and 78.6%. Well, this trading could go wrong as far as the stock market is concerned, I think we do have a valid trade setup to sell with low risk and high reward ratio. Besides, the price is considerably high if we based on the entire range of the market as marked out with a channel.
UShort
by AlgoVenture
Let's Sell Oil at Range TopOil rebounded and recovered losses from last week but is once again resisted at the top of the entire symmetrical triangle. Commodity prices have been somewhat cooling off a little as China clamps down on hoarding of supply which could somewhat cool off the oil market for a short while. Traders may consider selling at the range top now with very limited risk on the upside and a pretty good reward if it goes down even to the equilibrium level just below 64.
TVC:USOILShort
by AlgoVenture
Gold Channeling Out of Another ChannelGold has been rising within a 1.5-month rising channel and the top of the channel was somewhat breached earlier this week. However, gold struggled to make another jump as it was actually resisted at the top of another rising channel that's channeling out of the 1.5-month channel. By now, it is obvious that the gold is currently in the process of consolidation, and based on what we've seen, it is very likely that the price will take a little dive before it shoots back up just like a person diving into the bottom of a pool and resurfaces. We can still consider buying some on every pullback but we now target 1856 as the best price to buy.
FX_IDC:XAUUSDLong
by AlgoVenture
Bitcoin. Explosive move ahead? Hello Everyone, Bitcoin is starting to look more promising as my previous analysis have shown some weakness with price action and waning selling momentum. If we close above $60,000 this week, I do believe we will continue higher. Here are my technicals: 1. Weekly volume is starting to increase as price increases. This is confident bullish price action. 2. $60,000 held as a support line on our daily and it appears to be mostly wick which implies a buy-up or accumulation. 3. Weekly RSI has some room to grow before we hit the top of the trendline. 4. Daily Inverted Head and shoulders is very clear with the several closes above the $60,000 neckline. So I would like to see some things happen before we end this week. Obviously the most important would be holding the $60,000 support line. I believe closing above this once massive resistance, will provide a major support area in which accumulation will occur. I also would like to see any small drops near $60,000 be bought quickly with volume. This indicates investor interest and more accumulation. My targets are anywhere between $68,000 to $78,000 it just depends on what my indicators and gut are telling me. As always, manage your risk, be patient, and good luck trading.
COINBASE:BTCUSDLong
by RomanXIV
MTF killer zoneThis MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful . The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the near future (3 to 4 days or periods in this example). You can use it as a target if you already have an open position in the market, or using a time frame for entry and another for target. I can send for you on request different time frame the MTFkillerzone, such as weekly and monthly also good for yearly. I recommend to use it only major pairs, also any other financial instrument ( Commodities , indices, bonds, and equities) . Enjoy the setup please! :)
CME_MINI:ES1!
by ghattas360
GBP/USD Short trade based off patterns from price actionPotentially a large swing trade setup coming next week. Daily Chart - Price has been in this ascending channel since march of this year and after the second touch of the pattern, we have the double top with another ascending channel leading up to the double top area. 4HR Chart - Here is the price pattern in more detail. The first profit target is the start of the ascending pattern. 1HR Chart - Im looking for simple flag continuation in order for an entry but enter the trade according to your plan.
Short
by ThePoisedTrader