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Double Top or Bottom

#XAUUSD/H4 Model 2 peaks appear, gold's correction rhythmAnalysis of the gold trend in the Asia-Europe session on 14/08/2024: After forming a double bottom pattern at 2380, gold experienced a nearly 100-point increase. Yesterday, the PPI did not help gold break through the resistance zone of 2473-2475. If gold breaks the area of 2458-2460, it will officially confirm the double top pattern. However, today's CPI is still a mystery. Is this a correction phase or just a fake breakout? The long-term trend remains a BUY, but short-term SELL trades can be made at the peak area. Key price levels to watch: 2473-2475, 2444-2447, and 2430-2434. Recommended orders: Plan 1: SELL XAUUSD zone 2473 - 2475 SL 2479 TP 2468 - 2458 - 2445. Plan 2: BUY XAUUSD zone 2444-2447 SL 2441 TP 2455 - 2468 - 2485 - 2509. Plan 3: BUY XAUUSD zone 2430-2433 SL 2427 TP 2444 - 2458 - 2468 - 2509.
FX:XAUUSD
by wetdyerap
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2458 2460.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
OANDA:XAUUSDLong
by sabellaFX
SAGA - Strong Recovery with the bullish opportunity#SAGA/USDT #Analysis Description --------------------------------------------------------------- + Price has hit the horizontal support zone twice and bounce back immediately, which implies that the support is holding strong and it's highly unlikely that price will go below the support zone. + Currently price is at the resistance zone and a strong breakout from this resistance zone will push the price higher yielding a decent profit for long trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.7419 Stop Loss: 1.1308 ------------------------------ Target 1: 2.0901 Target 2: 2.5828 Target 3: 3.1821 Target 4: 4.6493 Target 5: 6.4239 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTO:SAGA2USDLong
by VectorAlgo
DYM - A Strong reversal is in-progress#INJ/USDT #Analysis Description --------------------------------------------------------------- + After recent downtrend price has formed a strong double bottom pattern + We are seeing a strong reversal and price is expected to breakout from the resistance --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.656 Stop Loss: 1.129 ------------------------------ Target 1: 2.035 Target 2: 2.568 Target 3: 3.240 Target 4: 4.175 Target 5: 5.997 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
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