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Golden three-game winning streak, next week’s market?Gold's 1-hour moving average continues to be short, but after gold bottomed out at first-line support near 3265, gold rebounded to more than 50 US dollars. So is this rebound a reversal? Not sure yet, because the fluctuations are basically around 100 US dollars every day, and a rebound of 50 US dollars can hardly be called a reversal. The strength of next week is the key. If gold does not rebound very strongly next week, then gold will still fluctuate and be bearish. The resistance of the 1-hour moving average above gold is near 3354, and the top of the negative line of gold on Friday is near 3352. If there is no effective breakthrough of these two positions next week, it will still be a fluctuating and bearish trend.
TVC:GOLD
by Fortune-signal
XAUUSD - All Eyes on the Reaction Zone for Directional ClarityThe Gold Spot price chart shows a clear potential for price movement toward the highlighted reaction area between approximately $3,360 and $3,380. After reaching highs around $3,500 on April 22, gold has experienced a significant correction, forming a series of lower highs and lows. The current price action suggests that gold may be preparing for a rebound toward this critical reaction zone, as indicated by the upward green arrow. Once gold reaches this reaction area, traders will need to closely monitor price behavior for confirmation of whether this represents a temporary bounce in a larger downtrend or the beginning of a new push toward previous highs. Key technical indicators at this level will determine if gold has enough momentum to break through resistance and potentially retest recent highs, or if sellers will emerge again, forcing another leg down toward recent support levels around $3,270-$3,280. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by financialflagship
GBPUSD - Big Move Setting Up - Elliott Wave AnalysisGBPUSD is currently unfolding a 5-wave impulsive move according to Elliott Wave Theory. At the moment, we are in Wave 4, which typically corrects against the larger trend. Key Points: Wave 2 was a simple correction, so based on alternation, Wave 4 is expected to be more complex (likely an ABC structure). Wave 4 often retraces to the 38.2% Fibonacci level — in this case, aligning perfectly with a long-term ascending trendline, providing additional confluence for a potential buy zone. Trade Plan: - Monitor the ABC correction for completion near the 38.2% retracement. - Look for bullish confirmation (trendline break, bullish structure shifts, BOS, etc.). - Entries will be considered after clear signs of bullish pressure. - Stoploss: Below the lows formed during the Wave 4 correction. Targets: First Target: 1.3400 (450 pips) Second Target: 1.3750 (800 pips) Summary: Patience is key during the Wave 4 correction. Once the setup confirms, this could offer a strong risk-reward opportunity within the overall bullish impulsive structure. See our past GBPUSD setups below: Swing 1: Swing 2: Swing 3:
by WicktatorFX
BTC LONG IDEATimeframe: 1H⏰ Analysis: • BTC is consolidating after a strong bullish move. 📈 • The market structure remains bullish, with a high probability of continuation to the upside. ✅ • A bullish flag/channel pattern is forming. 🏳️‍🌈 • Strong support is located around 93,700. 🛡️ Key Zones: • Support zone: 93,700 🧲 • Resistance zone: 95,000 → 96,500 🎯 Idea: • Price action currently shows a bullish bias. 🔥 • Watching for a breakout or a potential retest without structural break. 🧐 • Momentum is building, supporting further upside movement. ⚡
COINBASE:BTCUSDLong
by erdenemunkh731
USDCHF | 15M | Needs to break for uptrendHey there my friend; I’ve prepared my analysis of USD/CHF for you. For USD/CHF to move into an upward trend, it needs to break out of the parallel channel. Once it breaks out of the parallel channel, I’ll share the target levels with you. Dear friends, your likes are always my biggest source of motivation for me to share analysis. For this reason, I would like to ask each and every one of my followers; please do not miss your likes. I sincerely thank everyone who supports me with their likes.
by TraderTilki
BTCUSD：Ascending Wedge Trend and StrategiesI. Trends and Patterns From the 4 - hour chart, BTCUSD has shown complex volatility characteristics recently: 1.Consolidation phase: The price oscillated within a narrow range in the early stage, forming a rectangular consolidation pattern. The forces of bulls and bears were relatively balanced, and there was a strong wait - and - see sentiment in the market. 2.Breakout and current pattern: After breaking through the consolidation range, the price moved upward, indicating that the bulls were dominant in the short term. However, it has now entered an ascending wedge pattern - which is a common reversal signal in technical analysis. - Pattern characteristics: Although the price has been making short - term new highs, the upward slope has gradually flattened, suggesting that the bullish momentum is fading and the bearish momentum is gradually accumulating. Be vigilant against the risk of trend reversal. II. Key Support and Resistance Levels S1 : $93,000. It is near the lower trend line of the ascending wedge and also a previous pullback low. If the price drops, this could form a strong support. If it is broken, it may open up a downward space, and we need to be vigilant against trend reversal. S2 : $91,500. It is the upper edge of the previous consolidation range. If the price drops significantly, this may form a secondary support to slow down the decline. R1 : $96,000. It is near the upper trend line of the ascending wedge. The price has tested it several times without a valid breakthrough, indicating strong selling pressure here and a significant short - term suppression effect. R2 : $98,000. It is a higher - level resistance target. If the price breaks through $96,000 strongly and holds above it, it may further rise to this level. III. Trading Strategy Recommendations 1.Bullish strategy: - Entry conditions: The price finds support near $93,000 (such as the appearance of bullish candlestick patterns like hammer candlesticks), and does not break below this level. - Target price: $96,000 (testing the upper wedge), and if broken, look towards $97,500. - Stop - loss setting: Break below $92,500 (below the lower edge of the support level). 2.Bearish strategy: - Entry conditions: The price effectively breaks below the support level of $93,000 (such as closing below it for two consecutive candlesticks), or encounters resistance and falls back near $96,000 (the appearance of bearish patterns like shooting star candlesticks). - Target price: $91,500 (the upper edge of the previous consolidation), and if it further drops, it can look towards $86,000. - Stop - loss setting: Break above $96,500 (above the upper wedge). 3.Risk warnings: - The reversal signal of the ascending wedge needs to be verified with trading volume (for example, if there is a significant increase in volume during the breakout, the signal is more reliable). - Pay close attention to fundamental factors such as the expected Fed policy and regulatory dynamics of cryptocurrencies. Be vigilant against breakout movements triggered by unexpected news. IV. Conclusion Currently, BTCUSD is in a critical observation period of the ascending wedge. Technical analysis shows that the bullish momentum is waning, and it faces a directional choice in the short term. Aggressive traders can lightly test the waters near support/resistance levels, while conservative traders are advised to wait for clear breakout signals (such as a volume - based breakout of the upper wedge or an effective breakdown of the lower wedge) before entering the market. At the same time, strictly control positions and stop - losses to avoid volatility risks before the pattern is confirmed.
BITSTAMP:BTCUSD
by H_C_12
1
#BTC Complex consolidation phase📊#BTC Complex consolidation phase📊 🧠Currently in the resistance zone, but the trend direction is bullish. We are doing narrow fluctuations in the range of 91800-95000. There are some contradictions between the long and short positions here. If we want to participate in new transactions, we must wait until the absolute support and resistance levels. ➡️If it falls below the first support zone near 91800, then we need to pay attention to the second support zone of 88000-89000 ➡️We need to wait for the structure to become clearer before looking for new trading opportunities. 🤜If you like my analysis, please like💖 and share💬 BITGET:BTCUSDT.P
Short
by wolf_king888
PHDC Loading for a Massive Breakout – Hidden Bull Flag Inside!Palm Hills (PHDC) is gearing up for a powerful move! 📈 After months of respecting a clean ascending channel, price just bounced perfectly off lower support. 📊 Indicators flashing green: StochRSI bullish cross ✅ MACD turning positive ✅ Squeeze Momentum showing early pressure build-up ✅ I’m buying between 6.70–6.85 EGP with a tight stop at 6.50 EGP. 🎯 Targets: TP1: 7.50 EGP TP2: 8.00–8.20 EGP A clean breakout above 7.00 EGP could trigger explosive upside. Watch closely! 🚀 (DYOR – Not financial advice)
EGX:PHDCLong
by Desvader
GOLD BUY The overheated Gold rally looks to be in need of some further cooling. Traders look to be buying into the rumors that a trade deal between the US and China could come very soon, despite China coming out contradicting those rumors. The risk here could be that markets are misinterpreting the US semantic on whether they are “talking” or “negotiating”, and that no deal is done anytime soon with possibly a revisit to $3,500 Looking at technical levels, the daily Pivot Point at $3,335 is the first upside and intraday level that needs to be reclaimed. The R1 intraday resistance saw a small attempt for a test in very early opening this Friday, coming in around $3,381. Further up, Gold price could extend the rally to the R2 resistance at $3,414, surpassing the $3,400 handle.
FXOPEN:XAUUSDShort
by JEFF_FX557
Bullish rise off pullback support?GER40 has reacted off the support level which is a pullback support and could potentially rise from this level to our take profit. Entry: 22,032.93 Why we like it: There is a pullback support. Stop loss: 21,497.17 Why we like it: There is a pullback support. Take profit: 23,476.82 Why we like it: There is a pullback resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:GER40Long
by VantageMarkets