Harmonic Patterns
XAUUSD reaching new highs. Will it continue to break through?Yesterday, the gold price strongly rallied by more than 40 US dollars. Since gold easily broke through the 3,000 level, the bullish trend seems boundless. We need to keep in mind that the end of an uptrend is not determined by the high point, but by the support level. That is to say, it is the breakdown of the key support level that can determine the short-term direction.
According to the chart, the trend of gold this week is very similar to that of last week. Therefore, in terms of the short-term trading strategy for gold, it is still recommended to go long on pullbacks as the main approach and go short on rebounds as the secondary approach. In the short term. Focus on the key short-term resistance levels at 3145-3150, and monitor the key short-term support levels at 3115-3120.
XAUUSD trading strategy
buy @ 3123-3127
sl 3115
tp 3135
Preserve capital, manage risk, generate returns, achieve sustainable long-term profitability, and continuously learn and develop through trading. Access the link below the article to obtain more information.
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)This is my first post in 2024.
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)
This is what I see BTC in a big picture at the moment. The lowest I anticipate (if happens) would be 36k. Moreover, BTC can correct when reaches around 48k. The top also can be around 150k in 2025. Let's see what will happen.
Mochi on Basewe are still in accumulation zone. last pump on january was for exit liquidity, some whales sold it and forget for the project and on another side come new whale who was DCA that downside pullback. Or just simple shakeout of weak hands who can't wait time)
I can show you any patern such as imbalance or order block / support level but in global we are still on same prices more than one year and i haven't seen any distribution yet.
By the way, Mochi is the oldest meme on Base network after Toshi, received grant from coinbase and named after CEO CB cat
Gold's new high interpretationIt is indeed a new round of gold reverse pick-up, retreating to the lowest level of 3076, breaking the new high again, and reaching the exaggerated point of 3112 as of now. The dream of gold reaching 1,000 yuan that the market expects is within reach. In such a violent market at the opening of this week, should we aggressively chase the rise or short? First of all, there are three consecutive positive lines on the daily line, and the bullish trend is actually very obvious. Today, the bulls pushed the point up and stood firmly above 3100, so there is still room for continued rise, and vice versa.
The low point of the morning retracement on the hourly line is the dividing line between strength and weakness today. If the price retraces again, the strong trend will be weak. If the price continues to rise in the afternoon without retracement, it will be difficult to choose the entry point. If the position is chosen aggressively, the volatility will be high and the price will lose money. If the position is chosen conservatively, the entry point will not be reached. There are too many factors that affect the rise and fall of gold at present.
Gold fell back to 3090-3100, stop loss at 3085, target at 3020-30, no prediction for upper resistance for the time being
#ADEX/USDT#ADEX
The price is moving in a descending channel on the 1-hour frame and is expected to continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 0.1006.
Entry price: 0.1050
First target: 0.1066
Second target: 0.1084
Third target: 0.1111
US 100 IndexIt would seem within the coming week, the first potential support to monitor on a closing basis is still the 19065 retracement, with 20307 continuing to represent possible resistance.
While closing breaks of either of these levels won’t guarantee a significant price movement with much still dependent on the outcome of events across the week, a closing breakout may lead to a more extended price move in the direction of any break.
Support: Closing breaks under the 19065 support might suggest resumption of recent declines, with risks possibly then emerging to test 18111, which is the deeper 50% retracement, may be even further if this is in turn breached.
Resistance: If 20307 is broken to the upside on a closing basis, it may lead to a further retracement of the February to March weakness, with the 50% level standing at 20679, or even 21050, which is the higher 62% retracement.
GBPUSDThe GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance.
The key trading level is at 1.2940 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2940 level could target the upside resistance at 1.2994 followed by the 1.3070 and 1.3123 levels over the longer timeframe.
Alternatively, a confirmed loss of the 1.2940 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.2866 support level followed by 1.2813 and 1.2740.
META's NEXT BOTTOM FOR THE CORRECTION (SHORT)Meta target reached 746, the level in our previous post.
The correction is currently in progress and by the numbers an aligning bottom within the growth sequence puts the bottom at 485 level. An extended bottom below 485 will see price bottoming at 413 or 385 levels.
Trade safe
4.1 Gold is out of control, and long positions at low levels con4.1 Gold is out of control, and long positions at low levels continue
Gold has been bullish since it easily broke through the 3000 line. From the pullback in February to now, it has been giving up the gains all the way. Today, it has risen with 3125 as the support point.
There has just been a small pullback, and this pullback is just for correction.
Remember one thing, the end of the rising market is not to look at the high point, but to look at the support, that is, the breakthrough of the key support position can determine the short-term direction.
Pay attention to the support point rather than guessing the high point, there is no highest, only higher
Now gold has fallen from the 3148 line to the top and bottom conversion position, and 3125 is the support of the rising area
Key point: The key to long and short defense and decision-making is 3100.
Warning: Find a position in the bull market, don't guess the top, the top is walked out, not guessed!
Current strategy:
Long-term strategy: 3125-3128
Stop loss: 3115
Target: 3160-3165
If you are interested in my article, please leave a message to discuss. Thank you.
What reason do we have to go short?Gold hit a high and then fell back to meet the support of the moving average. Can you make money by going long on gold above 3130? In a bullish trend, just do what bulls should do and don’t worry too much about gold peaking. The market will give a signal when gold peaks. At present, we continue to do more in the trend.
NEULANDLAB short opportunityUpon the breakdown of the trendline NEULANDLAB has immense downside of 42 odd percentage. Next quarter results will be the catalyst, making or breaking the stock. Negative surprise in last two consecutive results declare us participants to beware of the liquidity present below this key level.
Short below daily close of 11,100
Stoploss - 8%
TP - Trail the 50 DMA close above