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Gold (XAU/USD) - Potential Bullish Reversahello guys. Price Action Overview: The chart shows a significant correction followed by a consolidation phase, with price touching key levels of support and resistance. Weak QM (Quasimodo) pattern identified near the top, which indicates potential weakness in the downtrend. QML (Quasimodo Line) at a lower level has held as a strong support zone, and price has rebounded from this level. Key Support and Resistance Levels: Support: The price reacted strongly from the lower diagonal trendline (QML region) and horizontal support zone, signaling buyer strength. Resistance: A key target for the bullish move is set around 2,679, indicated by the purple dashed line. Market Structure: Price is in a corrective pattern after failing to break lower support zones, showing a potential bullish reversal. "Hunted the pattern" signifies a fake-out below key support, trapping sellers before reversing upward. Risk and Reward Setup: Stop-Loss placed below the recent lows (just above 2,028), protecting against downside risk. Take-Profit target is around 2,679, aiming for a substantial upside.
OANDA:XAUUSDLong
by melikatrader94
5
GOLD → a possible move 14 AUGhello guys. let's analyze Gold. OANDA:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD 1. Price Action & Market Structure: The price is trending upwards within an ascending channel, which has been a key support and resistance guide. There are liquidity zones marked as "hunted," suggesting areas where stop-loss orders may have been triggered, causing a reaction in price. 2. Key Levels: Top of the Channel: The price recently touched the upper boundary of the channel, indicating a potential reversal zone or a point of strong resistance. 2,468 Level: This is a critical level. If the price touches this level again, it could trigger a further downward move towards lower support levels. Support at 2,445.75 : This is the next significant support level if the price fails to hold above the 2,468 mark. 3. Potential Scenarios: Bearish Scenario: If the price touches the 2,468 level and fails to maintain upward momentum, a drop toward the 2,445.75 level is likely. This move could be influenced by the break of the ascending channel and previous liquidity hunts. Bullish Continuation: If the price can regain strength above 2,468 without breaking lower, it could attempt to challenge the top of the channel again. 4. Market Sentiment: The market appears to be in a cautious phase, with the recent touch on the top of the channel suggesting the potential exhaustion of the bullish move. The liquidity hunts could indicate a shift in sentiment if the price fails to push higher. Summary: Current Trend: Upward within an ascending channel. Resistance: Top of the channel and critical level at 2,468. Support: Key support at 2,445.75 if the price breaks down from 2,468. Liquidity Zones: "Hunted" areas indicate possible stop-loss triggering, suggesting potential for reversals. Outlook: Bearish: If 2,468 is touched again and fails to hold, expect a drop towards 2,445.75. Bullish: Price needs to stay above 2,468 to continue towards the upper channel. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
7
NOTCOIN→ just a hunt candle!hello guys... let's analyze NOTCOIN! 1. Descending Wedge Pattern: - The chart shows a descending wedge pattern, which typically indicates a potential bullish reversal. - The price has been consistently making lower highs and lower lows, but it is approaching the wedge's bottom line, suggesting a possible breakout if buying pressure increases. 2. Support and Resistance: - Support (Hunt Area): The price recently touched the bottom of the wedge and the labeled "hunt area," which indicates a potential support zone where buyers might step in. - Resistance (Gray Area): The price is approaching a resistance zone marked in gray. A close above this area could trigger a move higher toward the top line of the wedge, around the $0.0145 level. 3. Potential Scenario: - If the price closes above the gray resistance area, it could move upwards, testing the top line of the wedge. - If the price fails to close above this area, it might continue to trade within the wedge or test the support levels again. 4. Bullish Outlook: - A breakout above the top line of the wedge would be a strong bullish signal, potentially leading to a significant upward move. Summary: - Watch the Gray Area: A close above this could signal further gains. - Potential Breakout: A break above the top line of the wedge could confirm a bullish reversal. - Downside Risk: If resistance holds, the price may continue consolidating or retest lower support levels. Keep an eye on the volume and market sentiment for more confirmation. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
6
GOLD → be aware doesn't trick us!hello guys! the price is hunted the last area is around $2337, this seems like a hunt, not like an engulfing! current state: 1- it formed a QM pattern and touched the target of the pattern! 2- the Qm pattern looks like H&S too! 3- at the upper time frame the main trend still is bearish and the descending channel has not broken yet! forecast: 1- the price will touch the upper line. 2- afterward, it will start the downward movement. ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
9
ETH ---> is going to touch $1604hello guys... if you look at the gray area that is full for the area of a flag in the weekly time frame, it had engulfed it and it means it wanna see lower price levels. after that, you can see a dashed line that I draw for showing you the hunt area, now it seems the price wanna start a downward movement forward to the MPL pattern. the MPL may be a resistance level or maybe not, after touching the MPL we will discuss it. ____________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
38
BNB --> alert for downward movementsBNB --> alert for downward movements hello guys... in my opinion, there are signals for downward movement as well, but from where?! I think after touching the liquidity pool area! there are two targets for short positions that I have shown these! the green area is excellent for a long position, be aware! _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
13
xauusd ---> possible moveshello guys... let's see what happen to gold before: Start a sharp move Formed a three-drive pattern Hunt last level of three drive Formed a QML NOW, what is more probable, and what should you do?! 1- if the price reaches the pink area get a short position with a logical target 2- if the price breaks the gray area gets a long position and the target is the pink area what is less probable but not out of mind? 1- gold wanna touch the green area and after that start a downward movement --------------------------------- always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
FOREXCOM:XAUUSD
by melikatrader94
51
blur ---> a downward possibilityhello guys... before a new higher high, it made an engulf that I show it, it has been formed on the head of head and shoulders pattern, after that, it touched the target of the pattern however, it made a pin bar on the last higher high and confirmed it was just a hunt! now there are two scenarios: * the first one is to start a downward move from here. * the second one is the price is going to hunt the pin bar and after that will going to downward to touch the target I have shown! ________________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
14
gold(xauusd) will reach to $1350...hello guys... I apologize for my absence and there was a gap between my posts...My people are enduring difficult conditions after the killing of #MahsaAmini, and I am one of these people... gold formed a double top pattern at weekly time frame and in this week break out neckline and engulfed flag at this level so at least will reach to $1350 zone that shown in chart... in upper time frame this pattern (double top) formed on liquidity pool and confirmed it was just a hunt... look at chart accurate: so there is two scenarios for downward movement, i wanna stick to scenario 2 ... what is your opinion? always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
OANDA:XAUUSD
by melikatrader94
Heavy shadow BTC continues falling!hello guys... In my opinion, BTC continues to fall, these little upward movements are just a correction. don't get it wrong! BTC has hunted the last lower low, and it is possible to do it again, but it doesn't mean it has to! Undoubtedly, I recommend you get a short position in 2 areas that I showed as gray areas. The first one is an overlap between two long candles. The second one formed in %50 corrections of the last leg, also it is an MPL! always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
by melikatrader94
41
Dow Jones analysis... #us30hello guys... who trades Dow Jones? lucky you :) us30 hunted the last higher high very well and confirmed it was just a hunt, not a breaking out! (just check the weekly time frame) so you can get a short position on Dow Jones. the first target is $32400 and the second one is $30500 in the range between $30500-$29700, we should be waiting for a long position... I'll update this analysis later... always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
U
by melikatrader94
17
GBP/USD steadies after rallyGBP/USD has edged lower today, after starting the week with sharp gains. In the North American session, GBP/USD is trading at 1.1334, down 0.18%. The pound continues to show strong volatility as the political saga continues in the UK. Truss finally stopped blaming the markets and "global headwinds" for the decline of the British pound and UK gilts on Monday, saying she was sorry for going too "far and too fast" with her economic plan. Truss has insisted she will continue on as leader, but the restless Conservatives, who have sunk in the polls, could decide to pull the plug on Truss' disastrous leadership. Jeremy Hunt, the new finance minister, wasted no time in abolishing most of the tax cuts contained in the recent mini-budget and told parliament that spending cuts and tax increases were coming, an astounding U-turn. Hunt scaled back the plan to cap energy bills for consumers and that could mean higher inflation. The markets liked what they heard and the pound soared by 1.5% on Monday. Still, the soft economic outlook and the political chaos which has rocked the UK are strong headwinds which will likely weigh on the pound. The UK releases CPI for September on Wednesday, which is expected to edge higher. Headline inflation is projected to hit 10.0%, up from 9.9%, and core CPI is forecast to rise to 6.4%, up from 6.3%. With no sign of inflation peaking, the Bank of England remains under pressure to continue raising interest rates at the November 3rd meeting. Goldman Sachs has downgraded its UK growth outlook, with the economy expected to decline by 1% in 2023, worse than the previous estimate of -0.4%. GBP/USD faces resistance at 1.1373 and 1.1455 There is support at 1.1214 and 1.1085
by OANDA
A traders' week ahead - the hunt to win over the markets UK politics commands the international spotlight from time to time and that time is now. Yet, while we fraternise over Fed policy and how high the Fed could take the fed funds rate into 2023, UK politics and the impact on the UK gilt (bond) market and the GBP is firmly front and centre – the connection between British politics and the capital markets will almost certainly result in increased volatility for the GBP this week. The last few weeks have been one which has not only captivated the world’s financial markets but could be a case study for those bright academics studying at Oxbridge, keen for a future position in the cabinet, on just how mighty the markets can be – and of course, how not to implement new fiscal policies. Truss’s time as PM seems to be slipping by the day, and the weekend press is alive with speculation of a revolt that could soon see 1922 Committee head Graham Brady giving Truss the nod to step down. Naturally, Rishi Sunak is feeling his time to lead is fast approaching and his view that Truss’s tax policies would cause wild gyrations in financial markets have been vindicated and greatly enhanced his brand. Further speculation that Defence minister Ben Wallace may be in the running as a future PM and is also doing the rounds. Truss is moving away from the agenda to spend and talk of “austerity” is becoming ever louder. After last week’s call from the Institute of Fiscal Studies that the UK is in the hole for around £60b if the tax cuts go ahead without massive adjustments to spending is one that has been fully acknowledged and the sums are there for all to see - Truss’s credibility is shot to pieces, and uncertainty is the short-term dynamic that will further rattle UK financial markets. While a change of guard is heavily debated, it won’t happen overnight. The question in the near term is whether Jeremy Hunt can win over the capital markets. While Hunt is well respected within party ranks, the consensus position is that Hunt is facing a true uphill battle and even if the remaining tax cuts are rolled off then the Truss govt will also have to cut spending and that will win her even fewer friends, at a time when her approval rating is at rock bottom. The Sunday papers are already detailing that we’re to hear of further U-turns and a repel of Truss’ ‘mini budget’, with a formal announcement that the planned reduction to the basic rate of income tax will be pushed out by 12 months – more measures should be announced through the week. In a world where we analyse the distribution of outcomes in markets, unless we get a true risk on vibe through markets, lifting equities higher, then it’s hard to see how the GBP rallies this week – the path of least resistance for the GBP is, therefore, lower, with EURGBP longs likely getting a strong showing as traders look to take the USD out of the equation. Hunt seems to have found a friend in BoE gov Andrew Bailey, but the markets may take their pound of flesh and go after something more substantial – they want to feel real credibility. They want a firm government that truly understands the balance between fiscal policy, monetary policy, and government issuance – A Truss/Hunt combo doesn’t quite cut the mustard. With the BoE’s temporary bond-buying program out of action – for now – we watch the UK gilt market reaction, and one suspects that UK 30-year gilts push towards 5% and above. FX traders will get their say before the UK bond market opens and could set a bearish tone – given that GBPUSD closed just off session lows, the heavy tape suggests 1.1000 is more likely than 1.1300, but an open mind is always advantageous when dealing with flows around the interpretation of politics and markets. It’s another big week for markets – the UK bond market will be front and centre – judging the link between politics and markets is always a struggle but where do you see the balance of risk? Aside from the above market consideration, traders will need to navigate: • UK CPI (Wed)- the market expects no change at 9.9% - above 10% and it could get lively in the GBP • EU CPI (Wed) – a big jump expected to 10% - we also get a raft of ECB speakers too and ahead of the ECB meeting (27 Oct) we can see the market pricing a punchy 75bp hike at this meeting • NZ CPI (18 Oct - 08:45 AEDT) – the market expects CPI to fall to 6.5% from 7.3% - could this set a trend of firmly lower inflation reads in G10 FX countries? • China Q3 GDP and industrial production (18 Oct at 1pm) – the market expects Q3 GDP to come in at 3.5% - a solid rise from the Q2 pace of 0.4%. • Aussie employment (Thurs at 11:30 AEDT) – 25k jobs are expected to have been with the unemployment rate unchanged at 3.5% - Hard to see a number that changes the markets view of a 25bp hike in the November RBA meeting. • No tier 1 US data – we do get 9 different Fed speakers and their views could move markets – the data suggests they should all be hawkish. • US earnings – 15% of the S&P500 report – including Netflix, IBM, and Tesla
Short
by Pepperstone
1
Way Down We Go o o othe structure of BTC recent movement is correction up, so bitcoin still has kept down trend, it means that bottom of 17.6 will be lost definitely... finding the local hight pivot (yellow circles) to set good short position needs to find the best liquidity which is mostly hide behind clouds flats, so we have some candidates from different time-frame which is shown up with yello lines... therefore we have 2 possible path for going down, both of them has predicted to happened at a special time because time analysis says that we could probably have reversal pivot on which is shown by vertical pink line. it has created from 26 weeks ago ... path 1 is more possible because of the red H1 Bermuda ignore level and higher time frame of liquidity I'll update my analysis for finding the destination of where "DOWN WE GO", so I dont give final bottom target now, untill changing character of market would be seen, if you are curious about my predictions you can find it on my chart a little bit lower ;)
by AlirezaAzarm