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TESLA Index Stock Chart Fibonacci Analysis 052625Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 330/61.80% Chart time frame:D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NASDAQ:TSLA
by fibonacci6180
NEM SHORT IDEANEM Insurance stock is ready to have a drop. There's a bearish divergence signal from the awesome oscillator showing that there's a high tendency for the price of the stock to drop as much as to 11.65 and below that value. Any value below 11.50 is the discount level where there can be a potential for the next long opportunity. Looking at the past data, some patterns were revealed. In September 2016, there was a bearish divergence signal and the price dropped from around 3.71 to around around 1.51. Likewise, in September 2022, there was a bearish divergence and the price dropped from around 5.65 to around 3.71. Similar pattern is what is repeating itself showing that there's a higher probability that the price dropped into the discount level. For an investor holding this stock, this maybe a signal to sell and wait for another long opportunity. For a trader, it's an opportunity to short the stock, targeting the discount price around 11.65. Confluences for the short signal: 1. Price is showing higher high while awesome oscillator is showing lower high indicating bearish divergence. 2. When similar patterns occured in the past, price dropped into the discount level. 3. A bearish engulfing candlestick had been formed showing that price is likely going to drop further. Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
NSENG:NEMShort
by KofTFx
EURJPY Wave Analysis – 26 May 2025 - EURJPY reversed from key support level 161.40 - Likely to rise to resistance level 165.00 EURJPY currency pair recently reversed up from the key support level 161.40 (which has been reversing the price from the middle of April), coinciding with the lower daily Bollinger Band The upward reversal from the support level 161.40 created the daily Japanese candlesticks reversal pattern Long Legged Doji. EURJPY currency pair can be expected to rise to the next resistance level 165.00, which has been reversing the price from last November.
Long
by FxProGlobal
Bitcoin Wave Analysis – 26 May 2025 - Bitcoin reversed from support level 106850,00 - Likely to rise to resistance level 111830.00 Bitcoin cryptocurrency pair recently reversed up from the support level 106850,00 (which has been reversing the price during the last few trading sessions), intersecting with the 50% Fibonacci correction of the previous upward impulse from last week. The support level 106850,00 was further strengthened by the support trendline of the sharp daily up channel from the start of April. Bitcoin cryptocurrency can be expected to rise to the next resistance level 111830.00, which reversed the price earlier this month.
Long
by FxProGlobal
S&P 500 Wave Analysis – 26 May 2025 - S&P 500 reversed from support level 5775,00 - Likely to rise to resistance level 5970,00 S&P 500 index recently reversed up from the pivotal support level 5775,00 (former resistance from March, which formed the daily Japanese candlesticks reversal pattern Evening Star). The support level 5775,00 was strengthened 20-day moving average and by the 38.21% Fibonacci correction of the previous upward impulse from April. S&P 500 index can be expected to rise to the next resistance level 5970,00, top of the previous minor impulse wave 1 from the middle of May.
CBOE:SPXLong
by FxProGlobal
NASCON LONG IDEA CONTINUATIONNASCON stock reached its all time high value of around 77 in January 2024. This happened after a bearish divergence signal from the awesome oscillator. Then, it dropped into the discount level. After which a bullish divergence signal was given, followed by a breakout. Since that breakout, price has been going up and rally for the all-time-high value. The first long opportunity could have been in November 2024 when the price was around 30. The next opportunity was when the price was around 44. Then the next opportunity was when price was around 54. Joining the rally now is not too late since the stock has a potential to hit 77. Confluences for the long idea 1. Price was coming from the discount level. 2. Price broke out of a down trend line. 3. Price has been rally after a bullish divergence signal given by the awesome oscillator. 4. Bullish engulfing candlestick was formed recently after breaking a key level. Disclaimer: this is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
NSENG:NASCONLong
by KofTFx
Berger Paints PLC Berger Paints PLC stock is showing a bullish signal for appreciating in value. The price dropped into a discount level and broke a down trend line with a strong bullish candle, closing above the trendline. This happened when the price was also in an oversold region as indicated by Awesome Oscillator. Currently, there has been a pull back with a rejection, showing more confidence in the bullish move. The stock can be bought at the current price while targeting 24, 26.60 and 30.80 as the final target based on the Fibonacci level. Confluences for the long signal: 1. Price is coming from a discount level 2. Price was in oversold level before and it is showing more bullish signal 3. Price had broken out of a down trend line with a strong bullish candle 4. There was a strong rejection from last week candle. Disclaimer: this is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you don't accept the risk.
NSENG:BERGERLong
by KofTFx
RT BRISCOE PLC LONG IDEART BRISCOE PLC stock, after reaching its all time high, dropped to discount level. Currently, it has broken out of down trend line with a strong weekly bullish candle closing above a the down trend line and resistance level. The awesome oscillator is also in the oversold region with a bullish signal. An aggressive trader or investor can buy at the current price while a conservative trader or investor may wait for a drop to around 2.20 and 2.30 to place a buy. While you can also so spread your risk by buying at the current market price and add more positions when price drop towards the resistance turned support. The entry is at the current market price or buy at 2.20 while the stop can be at 1.73 and the target can be around 2.90 and 4.30. Confluences for the long signal: 1. Price is in discount level 2. Price broke out of a down trend line and resistance level with a strong bullish candle. 3. Awesome oscillator is in oversold region and showing bullish signal. Disclaimer: this is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
NSENG:RTBRISCOELong
by KofTFx
Bitcoin Market Update – May 26, 2025📅 Bitcoin Market Update – May 26, 2025 🚀 BTC Price: $110,157 (+2.95% 24h) Bitcoin continues its upward trend, showing strong momentum and bullish sentiment across the market. 📊 Technical Snapshot: • Range: $106,801 – $110,157 • Support: $107K – $108K • Resistance: $111K – $112K • Trend: Bullish 🔗 On-Chain Metrics: • Short Squeeze Pressure: Rising on Binance • ETF Inflows: $934M → Strong institutional interest • Sentiment: Extreme Greed (Index 78) 🧭 Fundamentals: • Major ETF inflows show growing trust from big players. • Market sentiment remains highly optimistic. 📈 Forecasts: • Short-Term: $110K – $112K • Mid-Term: $112K – $125K • Long-Term: Up to $140K (depending on macro conditions) Keep an eye on 103k and 97k supporting levels as liquidity zones. ✅ Summary: BTC remains bullish with key resistance at $112K.A breakout could open room for further upside. Stay tuned and manage risk wisely. #Bitcoin #BTC #Crypto #SorooshX
BITSTAMP:BTCUSDLong
by sorooshx
2
Bitcoin : Impulse up or Flat Trap!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! BTC has staged a solid move off the May 25 low — but the context matters. We’re facing two distinct, high-stakes scenarios here: one bullish, one bearish. What happens next hinges on whether the May 25 rally is the start of a new impulse or the final leg (C wave) of an expanded flat off the all-time high. Structure Breakdown Bearish View: We’re completing a textbook expanded flat from the ATH: A wave started May 23 B wave pushed to a lower low. C wave began May 25 and is likely wrapping up now If valid, this sets the stage for a powerful Wave 3 down. Bullish View: The May 25 low marked the end of a corrective phase: Rally from that low is an impulsive Wave 1 A pullback to the 108k golden zone would represent Wave 2 Wave 3/C up could follow from that base What to Watch The area around 108,000–107,100 is a magnet. If price retraces into this zone with a corrective look and holds, bulls could be in control. But if we roll over hard from here, it supports the expanded flat thesis — and a much deeper move likely follows. Outlook This is a moment for sharpen focus. The chart structure is clean, but the outcome isn't binary until we see what kind of retrace (if any) forms. Watch 108k like a hawk. If bulls defend it, there’s room to talk new highs. If we break impulsively from here, expect acceleration lower — fast. Trade safe, trade smart, trade clarity.
COINBASE:BTCUSDShort
by CryptoKnee
1
Bitcoin's Market Cycles — Are We Nearing the Top?Bitcoin is approaching a critical moment and the signs are everywhere. After more than 900 days of steady bull market growth, BTC now flirts with all-time highs (ATH) while momentum stalls, liquidity thins, and emotions run hot. You might be asking: Are we nearing the cycle top? Is now the time to de-risk or double down? What comes next? This isn’t just a question of price. It’s about timing, structure, and psychology. In this analysis, we’ll break down Bitcoin’s historical cycles, the current macro structure, the hidden signals from Fibonacci time extensions, and how to think like a professional when the crowd is chasing FOMO. Let’s dive in. 📚 Educational Insight: Understanding Bitcoin Cycles Bitcoin doesn’t move in straight lines, it moves in cycles. Bull markets grow slowly, then explode. Bear markets fall fast, then grind sideways. These rhythms are driven by halving events, liquidity expansions, and most importantly: human emotion. Here’s what history tells us: Historical Bull Markets: 2009–2011: 540 days (+5,189,598%) 2011–2013: 743 days (+62,086%) 2015–2017: 852 days (+12,125%) 2018–2021: 1061 days (+2,108%) 2022–Present: 917 days so far (+623%) Bear Market Durations: 2011: 164 days (-93.73%) 2013–2015: 627 days (-86.96%) 2017–2018: 362 days (-84.22%) 2021–2022: 376 days (-77.57%) 💡 What does this tell us? Bull markets are growing longer, while bear markets have remained consistently brutal. The current cycle has already surpassed the average bull run length of 885 days (cycles #2–#4) and is quickly approaching the 957-day average of the two most recent cycles (#3 and #4). That makes this the second-longest bull market in Bitcoin’s history. ⏳ 1:1 Fibonacci Time Extension — The Hidden Timing Signal In time-based Fibonacci analysis, the 1.0 (1:1) extension means one simple thing: this cycle has now lasted the same amount of time as previous cycles — a perfect time symmetry. Here’s how I measured it: Average bull market length #2–#4(2011–2021): 885 days Average bull market length #3–#4(2015–2021): 957 days Today’s date: May 27, 2025 = Day 917 ✅ Result: We are well inside the time window where Bitcoin historically tops out. You don’t need to be a fortune teller to see that this is a zone of caution. Markets peak on euphoria, not logic and this timing confluence is a red flag worth watching. 🗓️ "Sell in May and Go Away" — Not Just a Meme One of the oldest market adages is showing its teeth again. Risk assets — including Bitcoin — tend to underperform in the summer months. Why? Lower liquidity Institutional rebalancing Exhaustion from prior run-ups Vacations and reduced trading volumes And here we are: Bitcoin is hovering near ATH It's been in an uptrend for 917 days We just entered the time-extension top zone Liquidity is thinning across the board You don’t need to panic. But you do need to think like a professional: secure profits, reduce exposure, and wait for structure. 😬 FOMO Is a Portfolio Killer This is where most traders make their worst decisions. FOMO (Fear of Missing Out) isn’t just a meme — it’s the reason so many people buy tops and sell bottoms. Before entering any trade right now, ask yourself: Where were you at $20K? Did you have a plan? Or are you reacting to headlines? 📌 Clear mind > urgent clicks 📌 Patience > chasing green candles 📌 Strategy > emotion Let the herd FOMO in. You protect your capital. Will This Bear Market Be Different? Every past cycle saw BTC retrace between 77%–94%. That was then. But this time feels… different. Here’s why: Institutions are here — ETF flows, sovereign wealth funds, and major asset managers Regulation is clearer — and risk capital feels safer deploying in crypto Supply is tighter — much of BTC is now held off exchanges and in cold storage While a massive crash like -80% is less likely, that doesn’t mean a correction isn’t coming. Even a 30%–40% drop from here would wreak havoc on overleveraged traders. And that brings us to… 🚨 Altseason? Or Alt-bloodbath? Here’s the hard truth: If BTC corrects, altcoins will crash — not rally. Most altcoins have already seen strong rallies from their cycle lows. But if BTC drops 30%, many alts could tumble 50–80%. Altseason only happens when BTC cools off and ranges — not when it dumps. Don’t get caught holding the bag. Be tactical. Be disciplined. So Where’s the Next Big Level? You may be wondering: “If this is the top… where do we fall to?” Let’s just say there’s a very important Fibonacci confluence aligning with several other key indicators. I’ll reveal it in my next analysis, so stay tuned. 🧭 What Should You Do Right Now? (Not Financial Advice) ✅ Up big? — Take some profits ✅ On the sidelines? — Wait for real setups ✅ Emotional? — Unplug, reassess ✅ Are you new to Trading? — study, learn (how to day trade) and prepare for the next cycle The best trades come to the calm, not the impulsive. 💡 Final Words of Wisdom Bitcoin rewards discipline. It punishes emotion. Right now is not about catching the last 10% of upside — it’s about: Watching structure for potential trend change Measuring risk Avoiding overexposure Protecting what you’ve earned 📌 The edge isn’t in indicators. It’s in mindset. Stay prepared, stay sharp because in this market… 🔔 Remember: The market will always be there. Your capital won’t — unless you protect it. The next big opportunity doesn’t go to the loudest. It goes to the most ready. _________________________________ Thanks for reading and following along! 🙏 Now the big question remains: Is a bear market just lurking around the corner? What are your thoughts? Let me know in the comments. I’d love to hear your perspective. _________________________________ If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
INDEX:BTCUSD
by SiDec
13
Nifty Analysis EOD – May 26, 2025 – Monday 🟢 Nifty Analysis EOD – May 26, 2025 – Monday 🔴 Tug of War for 25K between the Bulls and Bears 📈 Nifty Summary: The week kicked off with a 66-point gap-up, opening at 24,919, and bulls wasted no time pushing toward the much-awaited 25,000 mark, hitting an intraday high of 25,079.20. But the celebration didn’t last long—the move lacked conviction, and what followed was a sharp fall back to the day's low at 24,900.50. From there, Nifty bounced off 24,910, climbed back to the VWAP zone, and then spent the rest of the session range-bound between 24,950 ~ 25,000, reflecting indecision and consolidation. The index closed the day just above the psychological milestone at 25,001.15, wrapping up a volatile yet directionless session. 🛡 5 Min Chart with levels 🔍 Technical Snapshot:Nifty broke above a trendline but faced resistance near 25,062 ~ 25,070—an important supply zone—and eventually slid back into the previous resistance band of 24,972 ~ 25,000, now acting as a struggle zone. 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Open: 24,919.35 High: 25,079.20 Low: 24,900.50 Close: 25,001.15 Change: +81.80 (+0.33%) Candle Structure: ✅ Real Body (Green): 81.80 pts → Mild bullish close 🔼 Upper Wick: 78.05 pts → Buying faded near highs 🔽 Lower Wick: 18.85 pts → Support around 24,900 This candle shows moderate bullish momentum, but the long upper wick tells us the bulls faced strong selling near the top. The structure suggests a "weary bull" candle—a sign of hesitation, not a reversal. Price is trying to move higher, but profit-booking near resistance is slowing the pace. 📌 Key Insight: The trend remains upward, but momentum is weakening near key resistance. Above 25,080 = Breakout confirmation Below 24,900 = Possible consolidation or pause 🛡 5 Min Intraday Chart 🥷 Gladiator Strategy Update Strategy Parameters ATR: 314.6 IB Range: 178.7 → Medium IB Market Structure: Imbalanced Trade Highlights⚠️ No trades were triggered by the system today 💼 Total Trades: 0 📊 Support & Resistance Levels 🔺 Resistance Zones:• 25,062 ~ 25,070 25,116 ~ 25,128 25,180 ~ 25,212 25,285 25,399 🔻 Support Zones: 24,980 ~ 25,000 24,920 24,882 ~ 24,895 24,768 ~ 24,820 24,660 24,640 ~ 24,625 24,590 24,530 ~ 24,480 24,460 🧠 Final Thoughts: "Markets don't lie, they whisper truth—if you're quiet enough to listen."The market is clearly respecting resistance zones, and until bulls can decisively close above 25,080, expect more choppy action near highs. Stay patient. Let structure lead your decisions. ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
2
TCS – From Correction to Acceleration?TCS appears to have completed a textbook Zigzag correction (A-B-C) ending at ₹3056.05 — right at the long-term trendline support that has held since 2020. From this base, the structure is now forming a clean impulsive sequence : Wave 1 topped at ₹3630.50 Wave 2 retraced to ₹3451.30, holding between 0.236–0.382 retracement zones The current rally may be the start of Wave 3, with fib projections targeting the ₹4025–4380 zone Supporting evidence: Strong RSI bullish divergence at the March low Breakout above ₹3630.50 would confirm Wave 3 ignition Invalidation: Break below ₹3056.05 would invalidate this count and suggest a larger correction. Tools Used : Elliott Wave, Fibonacci, RSI Timeframe : Daily Weekly timeframe view attached below for broader context: This is a technical analysis for educational purposes only and not financial advice. Part of the ongoing #WaveTracker series. Documenting Elliott Wave progression across major stocks.
NSE:TCSLong
by VeerappaKaujageri
3
Gold continues to remain short at high levels 💡Message Strategy In terms of the US dollar index: In the past week, Moody's downgrade of the US sovereign credit rating and Trump's trillion-dollar "Big Beautiful Bill" have once again set off a wave of selling US dollar assets. The US dollar has fallen to a three-week low, and this week it recorded its largest weekly drop since the announcement of the reciprocal tariff plan in early April, although Bessant downplayed concerns about the recent weakness of the US dollar on Friday. He claimed that this was "largely due to the strengthening of other countries or other currencies, rather than the weakening of the US dollar", that is, Europe's "fiscal expansion" boosted the euro, while the Bank of Japan's interest rate hike supported the yen. U.S. Treasury bonds: The U.S. Treasury market was volatile, and the cold reception of the 20-year U.S. Treasury auction also reinforced market concerns that investors' demand for long-term U.S. Treasury bonds was weak. Long-term U.S. Treasury bonds led the decline this week, with the 30-year Treasury yield breaking through the 5% mark and the 10-year Treasury yield breaking through 4.6%. Japanese bonds were also cold at auctions before. On Tuesday, Japan's 20-year Treasury bond had the worst auction result since 2012, causing Japan's long-term Treasury yields to soar, triggering concerns about deteriorating global liquidity. Tariffs: On Friday, after Trump threatened to impose a 50% tariff on the European Union, traders increased their expectations for the European Central Bank to cut interest rates, and now expect three more rate cuts in 2025, as the trade war has clouded the eurozone's economic growth prospects, and the strengthening of the euro and the flow of overseas goods to Europe may cause inflation to fall to the 2% target earlier than expected. However, due to the differences in the short-term and medium- and long-term effects of tariffs, ECB officials and many investment institutions expect the central bank to press the pause button after the 25 basis point rate cut in June to wait for more clarity. 📊Technical aspects The daily line recorded a negative line, and the gold price closed down again, exacerbating the daily moving average line, which was arranged in a relatively regular upward divergence, maintaining the daily level short-term trend guidance reference, and the daily MACD showed an upward cross-adhesion performance. The hourly level shows that the short-term sharp rise in gold prices once triggered the hourly level RSI overbought performance. The current decline gradually completed the hourly level RSI mean reversion, and gradually formed the hourly level moving average support level retracement trend. The four-hour level moving average line was arranged in a downward divergence, maintaining the four-hour level relatively stable bullish trend guidance reference. In the short term, the gold price once again went short strongly, and the continuous short-term sharp short-term short-term short-term short-term short-term short-term short-term short-term short-term short-term short-term short-term short-term performance continued to intensify the main trend of the short-term performance, and the short-term trading ideas were maintained cautiously during the day. 💰 Strategy Package Short Position：3350-3360,
OANDA:XAUUSDShort
by TheodoreGwc
1
USDJPY – Targeting Structure Break for ABC Sell Setup 📉 USDJPY – Targeting Structure Break for ABC Sell Setup 📉 🔹 Timeframe: 30M 🔹 Methodology: Elliott Wave + AO + Structure Break + BBMA ⸻ 🔍 Current Market Outlook: I’m currently observing Wave 4 playing out as a complex correction. Price is pushing toward the key level 142.796, which I expect to break structure (BOS) to the upside. Once that level is cleared, I’ll be watching closely for signs of an ABC corrective move to form — setting up a high-probability sell opportunity aligned with the final Wave 5 leg. ⸻ 🧠 Key Technical Highlights: ✅ Wave Count: • Wave 3 is confirmed by the strongest momentum on the AO • Wave 4 is unfolding and approaching structure at 142.796 • AO shows decreasing bullish momentum, hinting at possible exhaustion ✅ Plan: • Wait for break above 142.796 • Monitor for completion of ABC correction • Enter short after C-leg confirmation • TP at 1.618–1.786 Fib extension zone (141.818–141.614) • Anticipating bullish divergence on AO by the end of Wave 5 ⸻ 📌 Confluence Checklist: ✔️ Wave theory ✔️ BOS expected ✔️ Fibonacci targets ✔️ AO divergence setting up ✔️ BBMA structure alignment ⸻ 🎯 Strategy Summary: Break 142.796 ➝ Spot ABC ➝ Enter short on C ➝ Ride Wave 5 ➝ TP @ extension zone ⸻ 💬 Share your thoughts—Are you seeing the same potential Wave 5 setup? Let’s discuss. 👉 Follow me for clean structure-based analysis, BBMA setups, and advanced wave insights. #USDJPY #ElliottWave #ForexSetup #WaveAnalysis #BBMA #AOindicator #MarketStructure #BreakOfStructure #SmartMoney #SellTheRally #Wave5 #ForexStrategy
Short
by AwesomeOscDad
Nvidia Update ahead of Quarterly results In this video I recap my previous Nvidia video where I anticipated a rangebound price action with the possibility of a new low for longs leading towards Quarterly earnings. With the highly anticipated results only days away I outline the possibility for price to pull back into a really strong level of support for a possible long entry . Tools used TR Pocket Fibonacci Anchored VWAP Volume Profile Thankyou for your continued Support
NASDAQ:NVDA
by SJTRADESFUTURES
6
Key technical insights on gold!Gold is trading in a general downtrend on the daily timeframe, within a range defined by the level of 3434.660, which represents the most recent lower high, and the level of 3120.820, which marks the most recent lower low. These levels define the current trading range on the daily chart. Using Fibonacci from the daily lower high to the daily lower low, the level of 3367.445 is considered important and could act as a resistance level for a potential downward reversal, as it represents a premium price within the current daily trading range. On the 4-hour timeframe, when examining the relationship between price action and the Relative Strength Index (RSI), we observe that the price formed two consecutive higher highs, while the RSI formed two lower highs. This creates a bearish divergence, which is a negative signal indicating a potential decline. Additionally, on the 4-hour chart, the trend has shifted from bullish to bearish after the price fell below the 3290.84 level and formed a new lower low. Based on the above technical data, a decline in gold prices is expected in the short to medium term. The first target could be set at 3281.148, while the second target may be identified by monitoring a drop in the RSI towards the 30 level, which indicates oversold conditions.
CFI:XAUUSD
by CFI
GOLD → Consolidation. Retest of support before growthFX:XAUUSD is strengthening due to a complex fundamental backdrop. A false break of support at 3285 allows the price to update its local high to 3365. Gold fell moderately from a high of $3365 amid weak activity due to holidays in the US, despite the weak dollar. Investors are taking profits ahead of US inflation data. Pressure is also linked to hopes for a trade agreement between the US and Japan. However, the decline in prices is limited — geopolitical tensions, US budget problems, and instability in the Middle East are keeping demand for gold as a safe-haven asset. Support levels: 3321, 3308, 3300 Resistance levels: 3363 Technically, gold is making a false breakout of consolidation resistance and is entering a correction phase, during which the price may test liquidity below 3320-3303 before continuing to rise. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10