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Double Top or Bottom

Gold Prices Likly To Drop TodayOur technical analysis and market indicators suggest that gold is likely to experience a sell-off tomorrow, reversing the gains made in recent trading sessions. the expected sell entry would be 67 and 63. This pessimistic forecast is supported by concerning fundamental factors, including: - Weakening investor demand for safe-haven assets - Central banks' potential reduction in gold reserves accumulation - Unfavorable macroeconomic conditions, such as rising interest rates and a strengthening US dollar
OANDA:XAUUSDShort
by sabellaFX
1
TURBO/USDT: LOOKS READY FOR AN ATH!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! TURBO looks good here. It breaks out from the descending triangle and a retest is also done to, make a double bottom-like structure. Buy some here and add more up to $0.0038 Target1:- $0.0047 Target2:- $0.0061 Target3:- $0.0073 Target4:- $0.0086 SL:- $0.0034 What are your thoughts on TURBO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
#XAUUSD/H4 GOLD had good trading on the second dayAsia-Europe session analysis on 12/08/2024: Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future. The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at 2433-2437 is unlikely to be today’s peak. Attention should be given to the 2455-2460 zone for a potential long-term sell order. Recommended Orders: Plan 1: BUY XAUUSD zone 2407-2411 SL 2405 TP 2414 - 2430 - 2455. Plan 2: BUY XAUUSD zone 2403-2405 SL 2399 TP 2410 - 2430 - 2437 - 2455. Plan 3: SELL XAUUSD zone 2457-2460 SL 2463 TP 2450 - 2437 - 2400 - open.
FX:XAUUSD
by wetdyerap
Gold Market Outlook: Bullish Trend Expected To PersistOur technical analysis and market indicators suggest that gold will continue to exhibit bullish behavior tomorrow, Identified buy level at 25 and 20, building on the momentum established in recent trading sessions. This optimistic forecast is supported by robust fundamental factors, including: - Strong investor demand for safe-haven assets - Central banks' continued gold reserves accumulation - Favorable macroeconomic conditions
FOREXCOM:XAUUSDLong
by sabellaFX
The Patience Game: 2nd Nasdaq ScenarioWe need to approach this week with caution. On the daily timeframe, there's a clear upcoming buy movement. Whilst on the lower timeframes, there is bearish movement before the market potentially buys. I will discuss the buy here then on my next post. It'll be the sell setup(I don't like that one). 1. The market is at a resistance zone(M30 & M15) 2. A support zone for the market to target (18000.00) 3.Considering the support zone. Market structure has to be followed ( 1-2-3-4-5 movement). 4. Once the support zone is hit. The Third Touch on the Trendline has to influence the market with to BUY. 5.Before we enter the buy. 6.Wait for a good confirmation.(A Doji or something). OR 7. Buy immediately and place my SL. MY SL!
OANDA:NAS100USDLong
by Pfunzo_MNP
1
Is NOTUSDT About to Break Out? Watch This Key Zone Closely!Yello, Paradisers! Could we be on the verge of a bullish breakout with NOTUSDT? 📈 💎NOTUSDT has recently formed a classic falling wedge pattern, and we're also seeing a potential W pattern near the resistance zone. These formations are often precursors to a bullish move, but we need a confirmed candle close above the resistance zone to solidify this outlook. 💎If we do see a breakout, the bullish momentum could carry us higher. However, if NOTUSDT pulls back instead, a bounce from the support zone is likely. That said, given the current bearish sentiment across the broader crypto market, it’s wise to approach with caution. Scalping with smaller targets (TGs) might be the best strategy here to protect your capital. 💎Keep in mind, though, that a breakdown and candle close below the support zone will invalidate our bullish idea, signaling a potential continuation of the bearish trend. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
10