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Harmonic Patterns

My Best analysis Gold (CFDs) 45-Minute Technical Analysis Current Price: $2,626.73 The chart shows a strong resistance zone at $2,629 - $2,630, where the price has faced repeated rejections. Potential Trading Strategy: 1. Bearish Scenario: If the price fails to sustain above the resistance zone and starts dropping, the first potential target is $2,617.45. The second major support level is at $2,607.15. A further decline could push the price toward $2,596.77. 2. Confirmation Needed: Wait for the price to break below the resistance zone with a bearish candle confirmation before entering a trade. To manage risk, place a stop loss above the resistance zone. This analysis is based on technical factors, and it’s essential to adjust your strategy based on evolving market conditions.
TVC:GOLD
by LunaTrader_SingnalsProvider
1
XDCUSD (1W) - buy the dipHi traders, Here it is my idea for a long position on XDCUSD (1 week time frame). The price hit a local high in July 2023 and hit another high in November 2024, after that the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 0.03882059 and 0.03419194. We will put our first take profit at the level of the last high, at 0.09315100. The second take profit will be at 0.10940000 when the price hit a local high in December 2021. Good luck!
BITFINEX:XDCUSDLong
by vf_investment
1
CAKEUSD (1W) - buy the dipHi traders, Here it is my idea for a long position on CAKEUSD (1 week time frame). the price hit a local high in March 2024 and hit another high in November 2024, now we can hope in a bear weak to have a bounce up after. The idea is to enter in the buy area, which is determined by the shadows of the last two candles. The best would be if the price will hit the SMA in the buy area and use it as a support too. The buy area is between 2.729 and 2.527. We will put our first take profit at the level of the last high, at 4.613. The second take profit will be at 5.393, when the price hit a local high in November 2022. Good luck!
BINANCE:CAKEUSDLong
by vf_investment
Analysis This is a Bitcoin price chart against USD on the 1-hour timeframe from TradingView. It appears to analyze potential price movements. Here's a brief breakdown: 1. Price Range: Current price: 93,707 USD. Support zone: Highlighted in white near 92,000 USD. Resistance zone: Highlighted in red above 100,000 USD. 2. Trend Lines: A descending price movement has tested the support zone. Two potential scenarios are drawn: Yellow trendline suggests a potential upward continuation beyond 102,000 USD. White trendline suggests a brief pullback before a breakout upward. 3. Volume: Volume activity is shown at the bottom but seems relatively stable for now. This chart predicts bullish potential after retesting the support zone. Are you looking for specific insights or technical analysis?
BITSTAMP:BTCUSD
by Olivia-Grace
Gold: Navigating a Range-Bound Phase After the DropGold (XAU/USD): Consolidation in a Bearish Territory Amid Uncertainty The gold market has entered a consolidation phase, trading within a defined bearish range following a sharp sell-off on Wednesday. This pullback comes as the precious metal adjusts to a complex interplay of technical and fundamental factors, with current attention focused on the critical price levels of 2622 – 2581. A deeper look into the backdrop reveals that sentiment remains subdued due to broader market dynamics, and the technical setup underscores the vulnerability of gold prices as they test recent lows. Fundamental Overview: Fed’s Conservative Stance and Market Implications The Federal Reserve’s latest policy meeting on Wednesday had ripple effects across global markets. Adopting a more cautious stance, the Fed announced plans for just two rate cuts in 2025. This decision disappointed investors hoping for a more dovish approach and weighed heavily on risk-sensitive assets, including gold. Meanwhile, the dollar emerged as the clear beneficiary, strengthening to new local highs as traders flocked to safe-haven assets tied to U.S. monetary policy. The dollar’s rally placed additional pressure on gold, which often moves inversely to the greenback. However, the broader implications extend beyond just this week. Gold's recent struggles highlight the ongoing challenge of balancing inflation expectations, geopolitical risks, and macroeconomic trends. Looking ahead, today’s release of the Personal Consumption Expenditures (PCE) index—widely regarded as the Fed’s preferred measure of inflation—could introduce another layer of volatility. A surprise deviation from expectations in the PCE data, whether upward or downward, could significantly impact gold prices. Furthermore, any unexpected escalation in political uncertainty, whether domestic or international, has the potential to act as a short-term catalyst for the metal, possibly leading to a recovery attempt toward resistance levels. Technical Analysis: Testing the Lows in a High-Volatility Environment From a technical perspective, gold remains entrenched within a consolidation zone after the steep decline earlier this week. Such a pattern is not uncommon at this time of year, characterized by thin liquidity and heightened volatility as institutional players wind down for the calendar year. Price action suggests that the market is trading in a relatively wide range, bounded by key resistance levels at 2616 – 2622 and notable support levels at 2589, 2581, and 2560. Currently, prices hover near the lower end of this range, testing the support levels repeatedly. If the support at 2581 holds, it may trigger a short-term recovery toward the upper boundary of the range. However, any failure to defend these levels could lead to a retest of deeper support at 2560, further cementing the bearish outlook. Conversely, on the upside, resistance around 2616 – 2622 remains critical. A breakout above this zone may entice bullish momentum, but such a move is likely to be capped or short-lived, given the overarching fundamental headwinds. In fact, a retest of this resistance could result in a false breakout scenario, where prices temporarily breach the level before reversing sharply back into the range, targeting local lows. Trading Strategy and Broader Market Context For traders navigating the current environment, the focus should remain on the boundaries of the consolidation range. Range-bound strategies, such as buying near support and selling near resistance, could be effective in the short term. However, caution is warranted given the heightened sensitivity to macroeconomic events, including today’s PCE data release and potential geopolitical developments. In the longer term, the bearish undertone suggests that gold may continue its descent unless a significant shift in fundamentals alters the market narrative. Any sustained rally would require a combination of favorable catalysts, such as a dovish pivot from the Fed, a weakening dollar, or heightened geopolitical tensions. Conclusion Gold’s journey through this consolidation phase is emblematic of the broader uncertainty gripping financial markets. While the precious metal has shown resilience in the past, the current setup underscores the challenges it faces in a bearish environment. Resistance at 2616 – 2622 and support at 2581 – 2560 serve as pivotal levels to monitor, with price action within this range offering opportunities for tactical trades. In the grander scheme, the coming weeks will likely determine whether gold can break free from its consolidation or succumb to further selling pressure. As we approach the end of the year, reduced liquidity and heightened volatility will remain defining features of the market, setting the stage for potentially significant price swings in early 2024. (The market decides how much profit you make. You decide how much you lose.)
OANDA:XAUUSDShort
by lonelyPlayer0
PnutBINANCE:PNUTUSDT 📉 **PNUT Price Update**: The current price of PNUT is at **0.6830**. If you're watching this coin closely, the **support levels** to keep an eye on are **0.65** and **0.60**. These are key levels where the price could bounce back if it dips. If the price manages to hold above these support levels, we could see the coin continue its upward movement. 🚀 📈 **Resistance Levels**: If the price does hold at those support levels, the next resistance levels to watch out for are **0.75435** and **0.8453**. These are the price points where selling pressure could increase, potentially slowing or reversing the upward trend. 🔥 ⚠️ **Not Financial Advice**: Just a reminder, this isn't financial advice, so make sure to do your own research and trade wisely! 💡
by Wolftrader1337
EURUSD short-term trading set-upThe EURUSD pair has been trading within a Channel Down since the September 25 High and remains on a bearish course below the 4H MA200 (red trend-line) since October 01. The 1D RSI is displaying a huge Bullish Divergence, being on Higher Lows against the Lower Lows of the Channel Down, so long-term a strong bullish break-out is expected. On the short-term though, we can take advantage of this Lower Lows fractal that has been formed another 2 times on this pattern and rebounds towards the 4H MA200. You can short towards the RSI's Higher Lows trend-line, take the profit and switch to buying just before it touches it and then target 1.04200 (expected course of the 4H MA200). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
XAUUSD - what will happen before the Holiday season?Here is our view and update on XAUUSD . Potential opportunities and what to look out for before the Holiday season starts. Let’s take a step back and take a look at XAUUSD from a bigger perspective. For this we are attaching the long-term overview on the pair. We are still following the sell bias we have published. XAUUSD is currently trading at around 2625 with lower volume than usual. Scenario 1: SELLS from 2620 That would confirm our pullback to the upside and breaking below 2620 would give us an opportunity to drop back down to 2604 or 2600 flat. Next we would be targeting a very important KL (Key Level) 2590. Scenario 2: BUYS from 2638 We broke above 2638 and are trading above it. We should see more upside potentially reaching new highs at around 2666 which was also an important KL (Key Level) before. Personal opinion: The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 2620 or a safe buy at the breaks of 2638. Be patient and stay tuned for updates on this pair. For now we are sticking to the sell bias from the long-term overview. KEY NOTES - XAUUSD breaking below 2620 would confirm sells down to 2604 - 2600. - XAUUSD breaking above 2638 would confirm further buys up to 2666. - Volume is lower as the business year is coming to an end and Holiday season is about to start. Thank you everyone for your amazing support lately. We will continue to provide value to you. Happy Holidays! Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
1
SNAP - trading in the rangeHi Traders Snap Inc. is in an uptrend since August '24 and has a lot of upside potential. I would wait to see whether the upcoming price movement doesn't invalidate this uptrend, so the share price doesn't drop below $10. If this isn't the case, the uptrend will likely continue and the price will move to a higher high. Also in terms of fundamentals, Snap Inc. is doing great. They reported strong third-quarter 2024 results and made considerable progress in diversifying revenues with Snapchat+ through new artificial intelligence-enabled features. They authorized a new share repurchase program of $500 million as well. Zack Investment Research expects 2024 net sales to rise 15.4% from 2023. Enter this trade, after the price movement validates the continuation of the uptrend, between $10 and $11. Target a share price of $16.9 and put a stop loss at $9.6.
NYSE:SNAPLong
by vf_investment
2
A Merry Christmas To All! I wanted to post a short message here as I have no pairs on watch for today going into the Christmas period this week. A HUGE thank you to all of my followers who have supported me through 2024, all of the boosts and comments you guys have made are really appreciated. I look forward to seeing you all back here for a massive 2025, full of momentum and speed to make next year YOUR year. Have a great time with family and friends over this next week or so, make sure you have your plan of action in place to hit the ground running come January the 1st!
TVC:DXY
by JordanWillson
4
USDJPY → Price Struggles at Resistance, Eyes a PullbackHello, my wonderful friends of Ben! Recently, USDJPY has been struggling to maintain its peak around the 154.00 USD level. The bullish momentum of USDJPY has been hindered by several factors, including the ongoing Fed interest rate meeting. Fundamentally, today is a critical day for the market. At 19:00 GMT, the Fed’s interest rate meeting, with a 93% probability of a 0.25% rate cut decision, will take place. This will make the dollar less attractive. If the dollar starts to adjust downward, it will affect the corresponding currency pairs. However, I do not rule out the possibility that, amidst high volatility, the price could form a retest of the resistance level and a false breakout. Personally, Ben expects the price to consolidate below the resistance area around 155.00, with corrective pressure against the trend dominating in the near future. The current support level is around 152.01. If this level is breached, it could lead USDJPY to a deeper decline, potentially reaching 149.37. Best regards, Bentradegold!
Short
by Bentradegold
3