STRONG BULLISH MOMENTUM Today, the technical analysis for XAU/USD (Gold against the US Dollar) indicates a strong bullish momentum. The price is hovering around $2,585, with upward momentum supported by various technical indicators:
RSI : 60.59, indicating a strong Buy .
MACD: Positive at 4.42, reinforcing the buying sentiment.
Moving Averages: The majority of moving averages (MA5, MA10, MA20, MA100) are signaling a Buy.
Take profit level: $2,592 and $2,600.87
entry Levels: $2,577.55 and $2,574.33
Overall, the short-term trend for gold seems bullish, driven by demand for safe-haven assets and technical buy signals. Traders should watch for resistance at the $2,620 level
Freesignals
U.S. Michigan Consumer Sentiment Index.Today's key levels for gold indicate a bearish outlook. Technical analysis shows that gold has recently completed a growth structure, reaching around $2,509 per ounce, with current consolidation patterns forming below this peak. Expectations suggest a potential downward movement targeting levels like $2,468 and possibly down to $2,426
S1: $2,581.10
S2: $2,578.05
S3: $2,575.40
R1: $2,586.80
R2: $2,589.45
R3: $2,592.50
These levels can act as critical points where price action might either bounce back or break through.
BTC - Short Setup | 15.09I’m shorting a very interesting setup here on the BTCUSDT 4H chart. We have an untapped 2H and 4H Order Block (OB) sitting above the current price, coupled with an untapped VWAP, both of which are significant points of interest for me. These untapped areas often act as strong magnets for price, drawing it towards them before a potential reversal.
Given the current market structure, this setup presents a high-probability short opportunity. The price has been showing signs of exhaustion as it approached these levels, and the confluence of the Order Blocks and VWAP makes it a very appealing zone to initiate a short position.
What adds to the strength of this setup is the clear Break of Structure (BOS) visible in the previous price action. The market has been creating lower highs and lower lows, indicating a downtrend, and the current move up might just be a retracement to mitigate the OB before continuing the trend downward.
I’m entering this trade with a tight stop loss, as the OBs and VWAP should ideally cap the upward movement. The stop loss is placed just above the OB, ensuring that the risk is minimal in case the price unexpectedly breaches these levels.
As for the final target, I haven’t set a specific level yet. I’ll be closely monitoring how the price reacts after entering the OB and the VWAP. If the price rejects sharply, I’ll consider holding the position longer, potentially trailing the stop to lock in profits as the trade progresses. However, if the reaction is weak or if I see signs of reversal, I might close the trade early.
The goal here is to capitalize on the anticipated price reaction from these high-probability zones while keeping the risk contained with a tight stop. This is a classic example of a mean reversion trade, where the price could revert back to the mean after tapping into these untapped areas.
US30 BUY OPPORTUNITY Buy Position on US30 (4H Chart)
Upon analyzing the 4-hour chart, we are seeing significant bullish momentum across the US30 index, signaling a strong continuation of the overall uptrend that has been dominant throughout the week. The current setup presents a high-probability buying opportunity as we catch an entry from a pullback within this bullish trend.
This pullback offers a favorable entry point, aligning with the momentum indicators that suggest further upside potential. The target for this position is the US30 all-time high, with the expectation that the ongoing bullish pressure will drive the price to retest these levels.
With market conditions and momentum in our favor, this trade allows us to capitalize on the prevailing trend while minimizing downside risk by entering on the pullback.
We will set the stop loss 120 pips from entry to manage risk, ensuring that our downside exposure is controlled while allowing the trade room to develop.
INJ: Scalping Long Setup | 13.09Hello Friends 😀
One of my favorite coins to scalp and definitely one I am eyeing to bid. Currently, we're seeing a bearish divergence on the RSI, which indicates a potential reversal. What makes this setup particularly interesting is the presence of an untapped daily POC (Point of Control) right at the level of the Fair Value Gap (FVG). This zone offers an attractive level to enter a position as it could serve as a solid support area.
Additionally, the VWAP (Volume Weighted Average Price) could provide further support, potentially stabilizing the price around this level.
The combination of the bearish divergence, the untapped POC, and the support from the VWAP makes this setup particularly compelling for a short-term trade.
Scalp $SEI: Long Setup | 13.09Hello Friends, I am back with another scalp. I will try to share as most of them in here as I can 🤝
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Entry: 0.29822 🎯
DCA: 0.29005
SL: 0.27974
Note:
Got this long idea here on SEI which I want to bid with 2 entrys so I am DCAing this scalp. It is on the 2H chart with a little wider stop loss than the latest scalps but also a higher target so the RR isn't bad.
We have build higher highs since 7 days on BITGET:SEIUSDT.P and it seems at if it would continue to do so and for the possibility of a wick lower I am placing the DCA bid.
Please remember, the weekend is about to start and sometimes the prica action can become a little weird over the weekend.
USDCAD - Technical Analysis [Long & Short Setup]🔹 USDCAD Analysis on 1HR chart
- The current Trend Seem neutral
- Bearish Divergence is Present
- No Reversal pattern
- Found Harmonics AB=CD Pattern
- Waiting for a Break of Structure for Confirmation Either at Point C or At Point B.
- If point C break we short.
- If point B break we long.
🔹 Trade Plan At Point C
- Entry Level = 1.35589
- Stop Loss = 1.36036
- TP1 = 1.35137
- TP2 = 1.34681
🔹 Trade Plan At Point B
- Entry Level = 1.36297
- Stop Loss = 1.35783
- TP1 = 1.36757
- TP2 = 1.37213
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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CHFJPY: Pullback From Key Support 🇨🇭🇯🇵
There is a high chance that CHFJPY will pullback
from a horizontal daily key level.
I see a nice confirmation after its test - an inverted cup and handle pattern
and breakout of its neckline.
I expect a bullish move at least to 167.75
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NZDUSD - Technical Analysis [Long Setup]🔹 NZDUSD Analysis on 1HR chart
- The current Trend is Bullish
- Bullish Divergence is Present
- No Reversal pattern
- Waiting for a Break of Structure for Confirmation
🔹 Trade Plan
- Entry Level = 0.61647
- Stop Loss = 0.61072
- TP1 = 0.62223
- TP2 = 0.62802
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
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Investors Brace for Key CPI Data That Could Impact MarketsGold is currently trading in a sideways range between $2,470 and $2,532, as it consolidates after reaching its yearly highs. The market is awaiting key U.S. inflation data, which is expected to determine the future price movement of gold. If the data indicates lower inflation, it could strengthen gold and push prices beyond $2,532. Conversely, higher inflation might lead to a stronger dollar, putting pressure on gold and potentially driving it below $2,470
XAUUSD H1 Time Frame Analysis.Greetings, traders! 🕰️
Here's a comprehensive analysis for the XAU/USD (Gold) pair on the H1 (Hourly) timeframe. We've identified three potential sell zones that could offer lucrative trading opportunities. Please review the levels and targets outlined below:
🔍 Sell Zones:
Zone 1: $2506.50 - This level has demonstrated resistance in previous price actions, making it a key area to watch for potential sell signals.
Zone 2: $2519.30 - A slightly higher resistance level that could act as a strong barrier. Be attentive to price behavior around this point.
Zone 3:
🚀 Targets:
Target A: $2485 - A significant support level where price could potentially find a bounce or show signs of a reversal. Monitor for any price action signals around this level.
Target B: $2473 - A deeper target where further downside potential could materialize. This level provides an extended profit-taking opportunity if the bearish trend continues.
📈 Risk Management:
Ensure to set appropriate stop-loss levels to protect your capital. Consider placing stop-loss orders just above the identified sell zones to manage risk effectively.
Adjust your position sizes based on your risk tolerance and trading strategy to maintain a balanced risk-to-reward ratio.
📉 Additional Notes:
Keep an eye on market news and economic events that could impact Gold prices. Volatility can significantly influence price movements, so stay informed and ready to adjust your strategy as needed.
Happy trading and may your trades be profitable! 🌟
Feel free to ask any questions or share your thoughts below.
AUDCHF: One More Breakout Setup 🇦🇺🇨🇭
I see one more important daily structure breakout.
AUCHF violated a support cluster of a wide horizontal range.
It is a clear sign of the sellers and a strong bearish signal.
I think that the price will reach at least 0.56 level soon.
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GBPJPYJen zit er bearish uit voor deze week.
Ik verwacht dat we alle liq. gaan ophalen. ik kijk daarom naar twee long entrees. 182.838 of 180.156.
We hebben namelijk oplopende liq achter gelaten en die hebben we nodig voor de volgende move omhoog.
Voor nu kijk ik alleen naar short met je sl boven de open liq. die op 189.83 zit. woensdag kan deze worden uitgenomen met een spike om vervolgens naar beneden te gaan.
Want we trekken nu allemaal sellers de komende dagen en die wil je uitwicken voordat de move verder omlaag gaat. Je wil niet dat hun voordeel hebben van de sell druk.
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Jen is bearish for this week.
I expect we will collect all liq. so I am looking at two long entries. 182.838 or 180.156.
We have left rising liq behind and we need that for the next move up.
For now I am only looking at short with your sl above the open liq. which is at 189.83. Wednesday this can be taken out with a spike and then go down.
Because we are now attracting all sellers in the coming days and you want to wick them out before the move goes further down. You don't want them to benefit from the sell pressure.
Gold Price Hover NearRecord Highs Ahead of Key Labor Market Data the price of gold is expected to continue its soft uptrend. According to recent analyses, gold is currently in a rising channel pattern, indicating a potential for further gains if it maintains its upward momentum. This soft uptrend is supported by factors such as geopolitical tensions and rising real inflation, which are considered favorable for gold as a safe-haven asset.
The predictions suggest that gold might experience a slight increase, moving within a range of $2,491 to $2,643 per ounce throughout the day
EURAUD: Very Bullish Outlook Explained 🇪🇺 🇦🇺
EURAUD may pullback from a key daily horizontal support.
The pair looks very oversold after a recent bearish rally.
On Friday, the price formed a double bottom pattern on a 4H time frame
and broke and closed above its horizontal neckline.
We see its retest at the moment.
The price will most likely reach 1.6376 level soon.
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XAUUSD Daily Chart AnalysisHere's a detailed breakdown of the XAU/USD daily analysis to guide your trading decisions:
Buy Scenario:
Trigger Point: Watch for the daily candle to close above 2519.208. This level is crucial as a close above it signals a potential bullish trend.
Target: Should the buy signal be confirmed, set your target at 2531.800. This target suggests a move of at least 100+ pips, giving you an opportunity to capture significant gains.
Action: If the candle closes above the specified level, consider entering a buy position. Monitor the price closely to adjust your strategy as needed.
Sell Scenario:
Trigger Point: Look for the daily candle to close below 2509.722. This would indicate a bearish shift and signal a potential selling opportunity.
Confirmation: After the close below this level, wait for a Change of Character (CHOC) confirmation to validate the bearish trend. CHOC helps ensure that the market is indeed shifting direction before committing to a sell trade.
Target: If the CHOC confirmation is met, aim for a sell target of 2494.200. This setup provides an opportunity to gain at least 100+ pips.
Action: Once you have the CHOC confirmation, enter the sell trade and monitor the price movement closely. Adjust your stop-loss and take-profit levels to manage risk and maximize returns.
Summary:
Buy if the daily close is above 2519.208 with a target of 2531.800.
Sell if the daily close is below 2509.722 and confirmed by a CHOC, targeting 2494.200.
Keep an eye on these levels and be prepared to act according to market conditions. With these strategies, you can position yourself to potentially capture significant profits. 📊💰
TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670
Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)