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Parallel Channel

GOLD - Price will make correction movement to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to grow inside a rising channel, where it soon reached $2940 support level and broke it. Then it some time traded near this level and then continued to grow in channel and soon reached resistance line of channel. Soon, Gold reached the $3055 level and then corrected to the channel's support line, after which it turned around. XAU reached $3055 level again and broke it, aftr which continued to grow and recently, it reached almost resistance line. But soon, it turned around and started to decline, so, in my mind, Gold can continue to decline to $3055 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
12
$NIO Wyckoff Accumulation – Schematic #1 or #2 in PlayMy base case at the moment is Wyckoff Accumulation Schematic #2 , where the Secondary Test ( ST-B ) could mark the very bottom. This idea will be validated for me especially if we see interaction with the High Time Frame Channel projection. Green Zone: We have multiple levels of confluence around this zone: 0.786 Fibonacci Retracement from the 2020 low to the 2021 top MO – Monthly Open level Volume cluster from previous local consolidation Blue Zone: If price drops as low as VAL, I expect it to be just a quick, volatile wick breaching into the Blue Zone. High Time Frame Channel projection:
NYSE:NIOLong
by Bulltro
2
Gold - They All Call Me Crazy!Gold ( TVC:GOLD ) is just starting the next rally: Click chart above to see the detailed analysis👆🏻 Just a couple of months ago, Gold perfectly broke out of the long term rising channel formation. After we then witnessed the bullish break and retest confirmation, it was quite clear that Gold will head much higher. This just seems to be the beginning of the next crazy major bullrun. Levels to watch: $4.000 Keep your long term vision! Philip (BasicTrading)
TVC:GOLDLong
by basictradingtv
14
GOLD → Growing economic risks increase interest ↑FX:XAUUSD rallied aggressively due to high interest driven by rapidly rising economic risks, mainly related to Trump's tariffs. For selling, the risk is very high, with the stock and cryptocurrency market declines only adding to the interest in the metal Markets are taking refuge in defensive assets amid WSJ reports of Trump's possible tariff hike of up to 20% for most US trading partners. This could trigger inflationary pressures and stagflation, weakening the dollar and bond yields, which supports the gold price. This week all eyes are on Trump's speech on Wednesday, PMI, NonFarm Payrolls and Powell's speech Technically, it is not worth selling now as it is high risk, and for buying we should wait for a correction to key support levels Resistance levels: 3127 Support levels: 3103, 3091, 3085 We are not talking about any trend reversal now. It is worth waiting for a local correction or consolidation, the market will mark important levels, liquidity zones or imbalances against which you can build a trading strategy. Gold will continue to grow because of the strongly increasing risks. Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
USDJPY → Key Level Retest. Attempt to change the trend FX:USDJPY in the correction phase is retesting the previously broken boundary of the downtrend. The market is trying to break the trend on the background of the dollar correction The dollar is having a rather difficult life because of economic and geopolitical nuances regarding the USA, as well as high inflation. Against this background, the index may continue a deeper correction, as the rhetoric of interest rate cuts may be prolonged, which may put pressure on the markets. The currency pair tried to overcome the downtrend resistance earlier and succeeded, but this is not enough for a trend change, it needs confirmation. Support levels: 148.92, 148.21 Resistance levels: 150.16, 150.95 If the bulls hold the defense above 148.92 - 149.5, we have a good chance to catch a trend change. It will be the readiness to go to the resistance of 150.16 range, and the breakout of this level and price fixation above it will be the confirmation of the trend change Regards R. Linda!
Long
by RLinda
2
EURAUD Wave Analysis – 31 March 2025 - EURAUD rising inside impulse wave iii - Likely to reach resistance level 1.7400 EURAUD currency pair recently reversed from the support zone between the support level 1.7080 (low of the previous wave a), 20-day moving average and the support trendline of the daily down channel from the start of March. The price earlier broke the resistance trendline of the aforementioned down channel – which accelerated the active impulse wave iii. Given the clear daily uptrend and the bullish euro sentiment, EURAUD currency pair can be expected to rise to the next resistance level 1.7400 (which stopped the previous impulse wave i).
Long
by FxProGlobal
How low will it go? The S&P Bear MarketI don't believe the market has bottomed yet. There is more to come. Trump's tariffs will continue to cause uncertainty and as economic figures confirm a US slowdown, stock markets could fall further. From a technical perspective, I will be looking to buy between 4700 and 5200. This is based on evident weekly horizontal levels, bullish channel support, and 100 and 200 SMA's. VANTAGE:SP500 PEPPERSTONE:US500 ICMARKETS:US500 OANDA:SPX500USD
VANTAGE:SP500
by Samuel_Morton_Trader
GOLD → Correction after a false breakout. A reversal?FX:XAUUSD is forming a false break of the channel resistance within the rally, we should wait for a correction, but not for a trend reversal. Let's see what we can expect from the price in the short and medium term. Gold is reacting to market turmoil over Trump's tariff plans. Investors are looking for protection ahead of the possible imposition of new duties from April 2, boosting demand for the metal Fears of a trade war and a slowing global economy are supporting gold despite positive US GDP data. PCE data and tariff updates will be key catalysts for further movement. Higher inflation could dampen the rally, while weak data will reinforce bets on a Fed rate cut, helping gold to rally further. The energy to continue the move is gone, so I am waiting for a correction to the imbalance zone or to 0.7 Fibo to accumulate potential. The price may consolidate in the zone of 3050 - 3075 before it continues its growth Resistance levels: 3075, 3085, 3095 Support levels: 3059, 3055 The correction after a strong rally can be quite deep. The imbalance zone 3066 - 3063 and liquidity zone 3057 play an important role. False breakdown of support may resume growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
SPY $545 Downtrend ContinuesSymbol: SPY Timeframe: 30-minute chart (for your analysis) Bias: Short (after the anticipated bounce) Prediction: I anticipate a short-term bounce in SPY from Friday's sell-off towards the upper level of the weekly regression channel, around 560. I plan to look for a short entry at this level, expecting the price to then continue its downtrend towards the monthly regression channel support around 545. Analysis: Weekly Trend Channel (Blue Double Lines): The blue double lines on my chart represent a weekly trend channel for SPY. This channel was determined by performing a linear regression on the price action over the past week. The upper and lower boundaries of the channel are set at two standard deviations away from this linear regression line. This method helps to identify the statistically probable range within which the price is likely to trade over the weekly timeframe. Monthly Trend Channel (Yellow Double Lines): Similarly, the yellow double lines indicate a monthly trend channel. This channel is derived from a linear regression of SPY's price action over the past month, with the boundaries set at two standard deviations. I expect SPY to eventually find support within this monthly channel, with the lower boundary currently around the 545 level. This is my primary downside target. Recent Price Action and Anticipated Bounce: The aggressive 2% downtrend on Friday likely pushed SPY towards the lower end of the weekly channel, potentially creating oversold conditions in the short term. I am anticipating a bounce from this sell-off towards the upper boundary of the weekly channel, which I estimate to be around 560. This level is expected to act as resistance. Short Entry Opportunity: I will be closely watching price action around the 560 level, which coincides with the upper boundary of the weekly regression channel. If I observe signs of rejection or bearish confirmation at this resistance, I will look to enter a short position. Contributing Factors: President Trump's aggressive tariff policies continue to contribute to market uncertainty and the overall bearish sentiment, supporting the technical outlook for further downside. Conclusion: I am predicting a short-term bounce in SPY to approximately 560, which aligns with the upper level of the weekly regression channel. I will be looking for a short entry at this level with the expectation of a subsequent move down towards the monthly regression channel support around 545. This strategy aims to capitalize on a potential retracement within the established downtrend, guided by regression-based trend channels and influenced by fundamental concerns regarding tariff policies. Disclaimer: This is my personal analysis and not financial advice. Please conduct your own research before making any trading decisions.
AMEX:SPYShort
by NonZeroChance
1
JPY/GBP - Potential Reversal SetupHey traders! Today we’re diving into a high-probability setup on the JPY/GBP pair with up to 22% upside on the monthly chart. I’ll cover the technicals, fundamentals, and exactly how to trade it. 📉 Chart pattern Looking at the chart, we’ve got a textbook falling channel stretching back from mid-2020. This descending structure has been consistent, but right now, we’re testing the upper boundary - and that could signal a trend reversal is coming. Momentum indicators back it up too. The RSI is rising off oversold levels, sitting around 41. And check out the MACD: bearish momentum is fading. Classic setup for a bullish breakout. 📌 Trade setup Wait for a monthly close above the upper channel , ideally between 0.00530 to 0.00535. That’s your breakout confirmation. You can place a buy stop just above the breakout zone. Set your stop-loss below the recent swing low - about 0.00490 - to protect against false moves. Now for the profit targets : * First target: 0.00580, that’s 12% above current levels. * Second target: 0.00630, that's 22% upside potential. That gives you a potential risk-reward ratio of up to 1:4 - solid. 🌐 Fundamentals On the macro side, this setup makes even more sense. Japan is finally stepping away from ultra-loose monetary policy, possibly hiking rates. Meanwhile, the UK looks set to pause or even cut rates in 2025. That shift could give the Yen the edge over the Pound, driving this move higher. 🛎️ Now, smash that like button if you found this helpful, and subscribe for more trade ideas.
Long
by TradingPrompts
Bitcoin can correct to support level and then continue to growHello traders, I want share with you my opinion about Bitcoin. Looking at this chart, we can observe how the price began to decline around the mirror line and soon reached the 88500 resistance level. After that, BTC attempted to move upward but resumed its decline, eventually breaking below the 88500 level and falling toward the support area, which aligned with the buyer zone. Following this drop, Bitcoin bounced back into the buyer zone and even pushed slightly higher, beginning a steady rise within an ascending channel. Inside this channel, BTC reached the 82200 level and broke through it, made a minor correction, and then continued climbing to the upper boundary of the channel. The price then pulled back to the buyer zone, rebounded again, and returned to the channel’s resistance line before continuing its upward move. Eventually, BTC touched a key resistance level, hovered around it for a while, and then began to decline. Shortly after, the price broke out of the channel and dropped back to the support zone. However, more recently, it has started to rise again. In my view, BTC might first revisit the support area once more before continuing its upward movement. For this scenario, I’ve placed my first target near the resistance level at 87000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
16
GOLD (XAUUSD): 3100 soon?! Gold closed on Friday, consolidating within the intraday range. Probabilities are high that growth will resume next week. Your signal to buy will be a breakout of the underlined resistance on the hourly time frame. 1H candle close above 3087 will confirm the violation. A bullish continuation will be expected to 3100 level then. ❤️Please, support my work with like, thank you!❤️ 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 VasilyTrader
5
BITCOIN → Break of the bullish structure. Moving to 78-68KBINANCE:BTCUSD has been slowly recovering for the last two weeks, but failed to overcome the resistance. The bears held the trend. The price is breaking the local bullish structure and preparing for a strong fall. Bitcoin's fundamental background is weak, expectations were not met by the crypto summits, nor by any major announcements or hints of a crypto reserve. The crypto community still didn't get what they expected from Trump. The strong drop was triggered by the SP500 index falling, driven by rising inflation, reduced consumer pressure and new trade tariffs. These factors have contributed to increased uncertainty in the markets, prompting investors to move to safer assets such as gold and government bonds Technically, the price has been in consolidation (correction channel) for two weeks and after breaking the support of the figure, the price entered the realization phase within the global downtrend. Resistance levels: 85300, 86350, 89400 Support levels: 83600, 81270, 79980, 78100 Emphasis on the support at 83600. The price fixing under this zone may provoke further fall to 80-78K. But I do not exclude the fact that a small correction to the zone of interest is possible (to capture liquidity) before a further fall to the previously identified key zones of interest. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
45
15-Min Bitcoin Setup – Quick Scalping Opportunity?First of all, I must say that this is a short-term analysis in a 15-minute time frame . Please be careful . Let's take risks while respecting capital management. Be sure to respect capital management. Bitcoin ( BINANCE:BTCUSDT ) is currently trading in the support zone($84,120_$81,500) , Potential Reversal Zone(PRZ) near the lower line of the ascending channel . In terms of Elliott Wave theory , it seems that Bitcoin could complete its 5 bearish waves near the lower line of the ascending channel . Also, we can see the Regular Divergence(RD+) between Consecutive Valleys . I expect Bitcoin to be able to rise to at least $85,400. Cumulative Short Liquidation Leverage: $86,397_$85,760 Cumulative Long Liquidation Leverage: $84,262_$83,336 Note: One of the reasons for Bitcoin's decline is the decline in US indices such as CME_MINI:NQ1! , SP:SPX , and TVC:DJI . Note: If Bitcoin falls below $83,000, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
30