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Ranging

Gold 4-Hour Channel Breakout Hits TargetOur 4-Hour channel Breakout from a few days ago has reached its target. The target was the bottom of the beginning of the channel. However, we had no retrace to the neck zone, so we had no entry. I am a breakout and retrace trader, and if I see no retrace to the point of interest, I will not take a position. My thoughts on Gold now is that if support does hold around the 1782 mark, we should begin ranging in short to mid-term between support and 1810. Let’s watch and see what it does. I will be watching as always, and should a setup present itself; I will be posting it. Happy Monday!
OANDA:XAUUSD
by TheVortexTrader
2
Sunday Analysis XAUUSDHey Everyone! Gold is kinda picking my brain right now, I have two ways which I see this going, but overall, it do feel like it should shoot down before continuing up. TOP DOWN ANALYSIS Weekly: Seems to me that price has been ranging since May, but overall the trend is bullish. Daily: DEFINITELY seems to be ranging now. Attempted to draw out a trend line (that's what I meant when I wrote out the comment about not being 100% valid since there just wasn't enough touches for me), should really delete it but ehhh. - Bearish pinbar slightly above the 200 MA (which makes me feel like price wants to push back down and not break the zone) 4Hr: Nothing but bullish candles from the bottom of my zone to the top! 1hr: ADX crossed which is interesting because I did notice it was about to cross as well on the 4hr timeframe. 15min: I usually use the 15 and 30 Moving averages to help me with scalping Gold so seeing the cross of these two on top of the adx cross has me feeling BEARISH What do all think? Let's discuss!
FOREXCOM:XAUUSDShort
by rokoro2
6
Shark Almost CompleteEURUSD - In a weekly downtrend, price has now come close to the .886 on the weekly pullback (Also creating a shark pattern) Price could extend to 1.13 on the shark but as long as the daily closes back below were still good to go short here. Now price is ranging creating liquidity, I'm waiting for one last liquidity hunt to the upside before potentially taking this short and the target will be the previous low for a swing and multiple entries for scalps. Let me know your thoughts!
Short
by benalistarfx
Gold Ranging, Buy at DemandGold was up over 22 USD but threw most away through the US session. We can see that the market structure is an upward ranging one thus any gains could easily lose momentum and return to the lower band of the range. Right now, the price seems to have found support at 1768, but there's still quite a bit downside to reach the range bottom at 1760. We will be looking for buying opportunity at the current level should the price continues to stay supported. Otherwise, the best price would definitely comes after a fake-break of the current low and reach the demand level from 1764 to 1760. Target wise we will aim for 1784 supply level.
FX_IDC:XAUUSDLong
by AlgoVenture
1
Ranging before big moveBTC has been ranging within the green box for the last two days showing indecision with the next move. Before this big push, we visited the trend line and therefore I will be looking for trades near the area. My first trade will be the long with an fvg and trend lines as confluence. The fvg lies directly on the support and therefore I see it returning there before we see 49.5k and higher. My second trade will be the short you see after retesting resistance. I see this short returning to the trend line as the final tp as this will give us the spring to get into the low 50's and higher.
by ollie_oz
Gold: Weekly Forecast 22nd August 2021The gold fell just a little after a very bullish recovery from the week before amid a strengthening dollar. The gold has ranged throughout the week as it stayed resisted by the supply level at 1795. The dollar has strengthened through the week on a hawkish Fed to start tapering this year and most pairs against the dollar had turned bearish but gold was somewhat resilience continued to stay supported within a range. However, both highs and lows are notably becoming lower and we can expect the gold to start the week with a bearish tone at the beginning. This week, we will look for selling opportunities as it pulls back to the top of its current range but expecting a strong rebound at the demand level at 1750.
FX_IDC:XAUUSDShort
by AlgoVenture
2
BTCUSDWhat a great start of the week with BTC giving us such relief! Cannot say we are surprised, as we've called a ranging structure on BTC almost 1 month ago, and it has been doing just that eversince. I know that the chart is a little busy but pay close attention to every small detail. - See the range between 32k and 40,5k - See the descending trendline on the 4hr - See the support level at 35k - See the targets at 46, 49, and 51k. We've had a bounce from that 35k support and now BTC broke out of that descending trendline for the first time in 25 days! THIS IS GOOD! Now we expect a retest on the trendline, then break through 40,5k area, retest that again, and hopefully we see 46k within 1-2 weeks.
FTX:BTCUSD
by OneEyeSignals
Good Chance to Long After NFPWe had a breakout to the upside from the ranging market but NFP made it come back to the mid-range zone. Here the candle confirmation is very vital, there are 2 possibilities, price completing the inefficiency caused due to NFP and continue rising or even drop for common demand zone (bottom green line) and make it way back up for the supply. Anyway, we go long on the best confirmation we get. Apply strict risk management. We aim for another great week.
Long
by VeerForex12
Consolidates Before New Direction GBPJPY Price Analysis The GBPJPY shows a very clear bullish trend on the daily chart. Tide may soon change as the trend is seen to fade into a consolidation. Price has been ranging between 148.500 and 153. 500 GBPJPY Price Prospects Prices have been rising and falling between the borders of the Bollinger Bands since the 18th of March. This is quite different from January into early March where the candles on the daily chart have rested above the middle line of the Bollinger band showing a strong bullish trend. The consolidation may just be signs of a reversal. The consolidation may lead to breaking out lower from the ranging market. The (ADX) Average Directional Index dropped from its highest this year at 56.71 on the 18th March where the consolidation started with a short-term drop in price. It is currently at 19.80 at the time of writing which shows the market's indecision. The market would eventually break out after consolidating. It may break out into resistance of last year December at 137.000. It may also break out to form a new yearly high GBPJPY Key Levels: RESISTANCE: 153.500, 152.500 SUPPORT: 149.500, 148.500
by TaherJalili