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TradeCityPro | Gold : World War III Rumors👋 Welcome to TradeCityPro! In this analysis, we’ll delve into gold's performance and its potential scenarios in light of rumors surrounding a possible World War III. 📅 Weekly Timeframe: Upward Leg After ATH Breakou t On the weekly chart, after breaking the critical resistance level of $2020, gold experienced a sharp rally with large bullish candles, climbing to $2400. Following a brief consolidation period, the rally continued, pushing gold to a resistance at $2751, where it registered a new ATH at $2790. 📊 Notably, both of these recent highs were accompanied by the RSI reaching 80.69, signifying a strong resistance level in the RSI. This level could serve as a key indicator to identify trend reversals in the future. 🚀 Overall, 2024 has been a bullish year for gold, with its price increasing by over 30% since the start of the year. Given the shallow corrections and strong weekly candles observed so far, gold now appears to be entering a corrective phase, which is natural and supportive of the ongoing bullish trend. 🔽 Should a sharp correction occur, the first short-term support in this timeframe is at $2409. However, this level isn’t highly reliable, and it would be prudent to wait for gold to establish a new price structure. 🧩 The SMA99 indicator reveals a significant gap between the price and its moving average. Since price and moving averages are often attracted to one another, this large distance suggests a heightened probability of a correction. 📅 Daily Timeframe: Corrective Phase In the daily timeframe, after reaching resistance at $2789, gold has entered a corrective phase, forming a non-failure swing pattern. Additionally, the price reacted at $2558, which aligns with a trendline, indicating a dual level of support. 🧲 For the non-failure swing pattern to activate, the trendline must break along with the support level at $2558. If the price closes a candle below this area, the pattern will confirm, opening the door to further declines. 🔑 The next key supports are at $2472 and $2285. Considering the undeniable weakness in this timeframe and the Dow Theory bearish pattern, further corrections are likely. 🎲 Currently, the RSI is pulling back to the 50 level, while the price has returned to test the SMA25, after initially breaking below it. If the price gets rejected from the SMA25 and the RSI continues to decline, the likelihood of breaking the trendline and activating the non-failure swing pattern increases. 📅 4-Hour Timeframe: Futures Triggers On the 4-hour chart, the price has completed its correction of the upward trend and is now attempting to resume its uptrend. Given the bullish momentum seen in the daily and weekly timeframes, if higher highs and higher lows form in this timeframe, it could signal the start of a Lower Wave Cycle (LWC). The targets for this uptrend are $2713 and $2789. 🔼 If the price continues its corrective movement, breaking and closing below the triggers at $2610 and $2558 could provide a solid entry point for bearish trades. ✅ The RSI has now reached the overbought region, suggesting a potential short-term correction before continuing the upward trend. If no correction occurs, the trend could become unhealthy, and such trends are often unsustainable. Gold remains in focus as geopolitical uncertainty, including World War III rumors, adds to its appeal as a safe-haven asset. Keep a close eye on these levels and scenarios to plan your trades effectively. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
OANDA:XAUUSD
by tradecitypro
1
Cardano - Repeating the +3.000% bullish cycle!CRYPTO:ADAUSD is creating price action like back in 2020 and we might see a rally soon. Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same pattern playing out in 2020 and this break and retest was followed by a rally of +3.000% Levels to watch: $0.42, $0.25 Keep your long term vision, Philip - BasicTrading
CRYPTO:ADAUSDLong
by basictradingtv
31
Bitcoin Approaching Upper Channel Resistancehello guys. Ascending Channel: Bitcoin is trading within a well-defined ascending channel, with support and resistance levels marked by parallel lines. Upper Resistance Zone: The price is nearing the upper boundary of the channel around $95,784, which may act as strong resistance. Bullish Momentum: The trend is bullish as Bitcoin has consistently followed the channel upwards, respecting both support and resistance levels. Potential Pullback: If Bitcoin faces resistance at the upper channel, a pullback towards the midline or lower boundary is possible. Target: If the price breaks above the upper boundary, Bitcoin could see a further bullish extension around $95,784. However, rejection at this level could signal a temporary correction.
Long
by melikatrader94
9
BTC/USD : On the Verge of $100,000! (READ THE CAPTION)Analyzing the #Bitcoin chart on the weekly timeframe, we can see that since our last analysis, Bitcoin has performed exactly as expected. With its powerful rally, Bitcoin successfully hit all three targets of $77,000, $81,700, and $93,800. Earlier today, Bitcoin surged further to $98,400, setting a new all-time high. With the strong momentum it has gained, I believe we will soon witness the mother of all cryptocurrencies reaching the highly anticipated $100,000 mark! I hope you’ve made the most out of this analysis. This chart will be updated step by step as the price action unfolds! THE MAIN ANALYSIS : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
8
Final Leg of Epic Run - Blow off top reaching climaxMicrostrategy has exceeded all expectations, smashing past previous all time highs along with Bitcoin. As Bitcoin approaches 100k, now is a good time for bears to consider where they can short Microstrategy in the event of a pullback. I think this is setting up an opportunity for an epic short opportunity, not one that I will be immediately jumping into as I don't advocate shorting all time highs. However, if we reach my Fib extensions and if there is bearish divergences then this could be an epic drop. It looks like this is the final 5th wave of a larger 5th wave Supercycle, the blow off top is almost complete. I'm waiting for a change in market structure. The price range of $530 to $650 is where I see the drop starting, I will wait patiently for the short trade. I will also be paying close attention to the Bitcoin price action. Not financial advice, do what's best for you.
NASDAQ:MSTRShort
by NoFOMO_
3
Alikze »»XRP | Wave 3 bullish supercycle scenarioIn the weekly time, a complex behavior and movements are forming in the ascending phase, which, according to the overall structure, is in the form of an ascent from the beginning of the movement. According to the bottom of the 0.10 range, a 5-wave structural correction has been formed and the upward movement has also gone through a complex cycle and completed this correction in the form of a three-wave at the 0.38 fibo of the previous wave. Therefore, according to the movement behavior in the form of a super cycle, it should be in the 3rd wave of its super cycle. The invalidity limit of the analysis is 0.2867, which can lead to correction of this movement structure up to 0.23 Fibo. Therefore, according to the current structure, which is a complex upward movement in the form of 3 waves, and sharpie movements can be seen from it, it will have the ability to grow up to the specified areas and even higher goals up to the limits of 13-18 and 34 dollars. which should be reviewed and updated step by step. But in the lower time, it will have the ability to grow up to the supply area and then up to the previous major ceiling. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
9
Why is SOLANA expected to reach $300 soon?Hello and greetings to all the crypto enthusiasts, ✌ In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SOLANA, 📚💡 In addressing the query posed in the heading, Solana has demonstrated a consistent ability to outperform Ethereum in numerous key performance metrics over the past few months. This is further complemented by its highly proficient development team, which has implemented several strategic updates, positioning Solana at the forefront of blockchain technology with state-of-the-art innovations. 📚🎇 Given the project's robust fundamentals, a price target of $300, along with an anticipated 17% price appreciation, appears well within reach. 📚🐋 Moreover, the technical analysis corroborates this optimistic projection, reinforcing the likelihood of continued upward momentum. 📚✨ 🧨 Our team's main opinion is Solana has outperformed Ethereum, backed by strategic updates, a strong development team, and solid fundamentals, with a $300 price target and 17% increase expected, supported by technical analysis. 🧨 Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Long
by MadWhale
#WLD Potential Buy SetupGood Morning Ladies and Gentlemen's i Introduce you my Prediction that the Officialy Altcoin Season had Started. from now on look on bigger Target and Watch out how almost All Coins will Pump some in one Day some in the Other Day so from here on i don't need to Spam you with tons of Coins in a Day when you know everything will Pump. The Best Safe Opportunities is SPOT but its your Choose. 📈 Entry CMP : 2.284 🛑 SL: 1.961 🎯 Target 1: 2.831 🎯 Target 2: 3.606 🎯 Target 3: 4.403 Cheers to All 🍾
Long
by ML-Master
GBPAUD: Trump's Protectionist Policies Impacting UK GrowthGBPAUD: Concerns Over Trump's Protectionist Policies Impacting Eurozone and UK Growth Market participants are worried that protectionist policies by President-elect Donald Trump could disrupt the growth potential of the Eurozone and the United Kingdom. The higher import tariffs by the US are expected to negatively impact all economies, with the effect being more severe on the European Union (EU). During his election campaign, Trump mentioned that the euro bloc will "pay a big price" for not buying enough American exports. Technical Analysis: The price has broken out from the triangle pattern, increasing the likelihood of a bearish continuation. The first support zone is near the strong structure zone at 🎯 1.93750. If the price moves down further, the second support zone is near 🎯 1.9290. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
6
Potential bearish reversal?The Gold (XAU?USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 2,712.05 1st Support: 2,656.74 1st Resistance: 2,758.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
**UPDATE** WENT OVER 10K PIPS !!. 2$ is comingWent over 10K Pips from the breakout entry and made almost $1000 in the same day. Hope yall made money too. Next up the support held inside $1.37 area The bulls made an amazing work played out the bands; but the breakout isnt over yet since the small corrections about to be finished. Breakout is coming in the large from the 1.40 area ahould break above 1.42 zone; it will push up to 1.70 & 1.80 zone before get to 2$. Do not miss another breakout opportunity
CRYPTO:XRPUSDLong
by JoyBoyVegae