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Harmonic Patterns

Xauusd Gold sell zone @2897 H4 chart analysisThe chart you provided is an H4 (4-hour) analysis of XAU/USD (Gold vs. USD). Here are the key takeaways: Chart Observations: 1. Sell Zone @ 2897: The price recently tested the $2897 resistance level and formed a double-top pattern ("TOP 1" and "TOP 2"), indicating potential reversal. Sellers appear to be defending this level, leading to a decline. 2. Trend Breakdown: The chart initially shows bullish momentum leading up to higher highs. However, an upward trendline has now been broken, confirming bearish pressure. 3. Expected Price Movement: After breaking below support, the price is consolidating and may retest the previous support-turned-resistance. A continuation of the downward movement is expected, potentially targeting $2,880 - $2,865 levels. 4. Bearish Confirmation: Volume analysis shows increased selling pressure after the rejection from the resistance zone. If price fails to break back above $2897, more downside is expected. Trading Strategy: Sell Entry: Near $2897 - $2900 resistance. Take Profit (TP) Levels: TP1: $2880 TP2: $2865 TP3: $2845 (longer-term target) Stop Loss (SL): Above $2905 to minimize risk. Alternative Buy Setup: If price breaks above $2905 and sustains, reconsider bearish bias. Conclusion: Bearish bias is valid as long as price remains below $2897. Watch for confirmation on lower timeframes before entering a sell trade. Fundamental Factors: Keep an eye on U.S. economic data (PCE inflation, Fed speeches), which may impact gold prices. Would you like me to refine the strategy further or check additional indicators?
OANDA:XAUUSDLong
by Geroge_Fx
6
BTC USD buy zone @85,500 H4chart analysisHere’s a polished version of your post for your client: BTC/USD Buy Signal 📍 Buy Zone: 85,500 🎯 Targets: TP1: 90,500 TP2: 95,500 TP3: 99,800 📊 Manage risk accordingly. Trade wisely! Let me know if you want any tweaks! It looks like you've uploaded a chart image, but I can already analyze it from the screenshot you shared. Here’s my breakdown of the BTC/USD 4-hour chart: Analysis: 1. Trend Structure: The chart shows a descending channel correction (marked in red). BTC/USD recently experienced a sharp drop but has bounced back from the lower boundary of the black trendline. 2. Key Support and Resistance: Support Zones: $86,000 (marked in blue) $90,134.9 - $91,158.8 (another support range) Resistance Levels: $99,478.6 $102,550.5 $110,677.9 (psychological resistance) 3. Consolidation & Breakout Potential: There was a consolidation phase in the yellow box before the sharp drop. The price has bounced off strong support and is now aiming to retest the descending channel resistance (red trendline). A successful breakout above this level could push BTC toward psychological targets above $100K. 4. Bullish Scenario: If BTC breaks the red descending trendline, a rally towards $99K–$104K is likely. A strong breakout could lead to BTC testing $110K and beyond. 5. Bearish Scenario: If BTC fails to break the resistance at the red trendline, it could retrace back to $86K. A break below $86K would confirm further downside potential. Conclusion: The structure is recovering from a correction, and a breakout above resistance could lead to a bullish rally. Watch for a confirmed breakout above the descending channel for a bullish entry. Key psychological levels: $100K and $110K. Would you like me to refine this analysis further or provide trading recommendations?
OANDA:BTCUSDLong
by Geroge_Fx
2
PGR in Sell Zone (short insurance overall)My trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in selling zone at top of channels Stochastic Momentum Index (SMI) at overbought level Money flow momentum is spiked positive and over top of Bollinger Band Price at or near Fibonacci level Entry at $280 Target is lower channel around $250
NYSE:PGRShort
by chancethepug
CB in Sell ZoneMy trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in selling zone at top of channels Stochastic Momentum Index (SMI) at overbought level Money flow momentum is spiked positive and over top of Bollinger Band Entry at $279.88 Target is lower channel around $264
NYSE:CBShort
by chancethepug
Nifty50 : My perspective !- Here is my perspective on what nifty should would and could do in the next one month. - All my perspectives are laid down on the chart itself. - 22,500 is a good support but unfortunately the 100 WEMA is below it so we may see some penetration below 22,500. - Whatever happens, it is important to keep your plan ready. - Follow this idea because we will keep updating it. Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NSE:NIFTY
by TheChartereds
XAU/USD: Will it rise again?The peak of gold at 2960 has already appeared, and now it has entered a downward trend. However, there is still strong support at 2880 below. There is still a possibility of a short-term rise, but the trading strategy still recommends continuing to go short after the price rises. Today's trading strategy for gold: xauusd sell@ 2920-2930 TP: 2900-2890 Currently, the account balance has increased from 40K to 100K in just three days. This account will create a miracle. If you also need accurate signals or want to copy my orders, you can click on the link below the article to obtain the relevant information.
FOREXCOM:XAUUSDShort
by Kill_the_dealer
Bounce Doesn't Look Convincing SPX made a bit of a bounce off the support levels but it's not shown the strong properties I'd have expected to see in the bat D leg or the C leg I spoke of. All trailing stops on longs hit. If we can continue to break out to the upside I'll probably have to buy breaks with tight stops but I think the more likely looking setup here is we make a new low. If a new low comes from the setup we have a butterfly forms just under the last lows. This is a big inflection point. Either a low is made or we trend down strong under it. This would also agree with the big 1.61 inflection area. Starting to think I was wrong about the bigger bull trap idea and we might see a break. Back in shorts.
SP:SPXShort
by holeyprofit
1
USDCAD - Liquidity Grab at Key Level, Next Target: DOLOn the monthly chart of USDCAD, we can see that liquidity above the marked key level has been taken. The price briefly broke above this important resistance, grabbed liquidity, and is now showing signs of rejection, indicating a potential reversal. The next target is the DOL (Draw on Liquidity) area, where the next major liquidity pool is located. If the bearish move continues, the price could reach this level in the coming months. 📉 Key Levels: 🔹 Key Level – A crucial resistance where liquidity was collected. 🔹 DOL / M – A potential target for a corrective move.
Short
by SerenityEquity
5
Gold is falling, how to trade?Yesterday, the technical side of gold fluctuated repeatedly in the Asian session and traded sideways, and it was suppressed and fell at the 2950 mark. It continued to fall before the US session in the evening, breaking through the 2925 mark and stabilizing and rebounding. Finally, the US session hit a second high and was suppressed by the 2945 line, ushering in an accelerated waterfall decline. Finally, the gold price fell back in the early morning, pierced the 2900 mark and reached around 2888, rebounded and fluctuated to close. From the daily chart, a negative line with a long lower shadow appeared on the gold daily chart. The MACD indicator double lines in the figure have entered the dead cross operation process, but the price has not shown obvious decline. The moving average cluster still maintains a long arrangement. After the rebound, the KDJ three lines now also have signs of a dead cross, indicating that the gold price still has a downward trend. The 4-hour chart shows that gold has failed to break through the position near 2956 US dollars after many upward efforts. The support below continues to take effect at the 2888 line. Today's upper short-term resistance opened at 2930-2935 near the hourly line yesterday. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The target below focuses on the stabilization of the support at the 2900 mark. Gold operation strategy: It is recommended to short at 2930-2928, stop loss at 2937, and target at 2915-2910;
OANDA:XAUUSD
by niwmniwm
XAUUSD Trading SignalsFrom the current 4-hour analysis, the support below continues to focus on the vicinity of 2930, and the short-term pressure above focuses on the 2950-55 line. The overall main tone of relying on low-long participation remains unchanged. In the middle position, watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: 1. Go long when gold falls back to the 2930-35 line, and cover long positions when it falls back to the 2920-25 line, stop loss at 2814, and target 2950-2955 line.
OANDA:XAUUSD
by niwmniwm
1
XAUUSD SignalAt the 4-hour gold level, long lower shadow K-lines were closed for many consecutive times, and the price repeatedly closed at the middle track and above it, indicating that the short-term bullish momentum is still relatively strong and relatively resistant to declines; at the hourly gold level, there was a wave of decline in the morning today, and it closed with a long lower shadow K-line at 10 o'clock. For the volatile market, this is a bullish signal, and it is in line with a wave of bottoming out and rising in the afternoon; then it stepped back to confirm that the middle track stabilized and continued to be bullish, and the European session was in line with a wave of rise; so for tonight, the support to be paid attention to is still the middle track. As long as it stabilizes and closes above this position, a long lower shadow K-line or a big positive K-line appears to bottom out. These are all opportunities to follow the bullish trend again. The resistance target is the upper track of the yellow channel at 2952. If it breaks through the upper track, it will be the daily trend pressure at 2962. If the middle track is lost and goes down, then tonight will basically be treated as an ups and downs, and the support below 2925-2920 will be watched for stabilization and consolidation. Gold operation strategy: It is recommended to short at 2950-2948, stop loss at 2955, target at 2940-2930. It is recommended to long at 2925-2927, stop loss at 2920, target at 2935-2945.
OANDA:XAUUSD
by niwmniwm