Gold (XAU) Technical Analysis – Bullish SetupGold is currently trading around 3290, exhibiting strong bullish price action, suggesting a favorable environment for buyers. The current momentum indicates a potential move towards the final resistance at 3340, making this a strong buy opportunity in the short term.
Trade Setup:
Buy Entry Zones:
Current price zone: 3290
Potential dip-buy zone: 3275 (possible fakeout/retest area)
Targets:
3300 – Minor psychological resistance
3310 – Near-term resistance
3320 – Intermediate target
3340 – Final resistance & major target
Stop-Loss:
Conservative: 3265
Aggressive: 3260 (below support/fakeout zone)
Analysis Summary:
The chart suggests continued bullish momentum. A minor retracement to 3275 may occur, which would provide a second entry opportunity for buyers. As long as price holds above 3260, the bullish structure remains intact, targeting incremental levels up to 3340.
Risk Management Tip: Adjust position sizing according to risk tolerance and maintain discipline around stop-loss levels.
Let me know if you'd like this in a visual chart format or if you'd like to include moving averages, RSI, or other indicators for deeper analysis.
Resistance_level
Wed 7th May 2025 XAU/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD Buy. Enjoy the day all. Cheers. Jim
Note: This isn’t a great setup as price is already at the previous high and the MACD is just below the zero level. But I had to take it because I am committed to my MSH (multi sequence hedging) strategy. So if you are a traditional type trader, then standing aside on this trade would probably be the smart thing to do.
Bitcoin is Showing a New Trend!!!Hey Traders, in today's trading session we are monitoring BTC/USDT for a selling opportunity around 95k, Bitcoin is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 95k support and resistance area.
Trade safe, Joe.
Silvermic: Make or break levelSilvermic is currently trading at a zone which has been decisive in past. The marked zone has provided supply and demand both in the past 3 times. Let's see now what it does. I have a positive bias here hence initiated a small long position. Hoping it holds in my favor otherwise the Stoploss is very small.
Mon 5th May 2025 GBP/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
Thu 1st May 2025 NZD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Sell. Enjoy the day all. Cheers. Jim
US500's performance this week will be crucial in determiningUS500 Weekly Analysis
The US500 index is currently exhibiting bearish tendencies, but a crucial level to monitor is $5491. This level has the potential to act as a resistance point, and we're looking for a possible selling opportunity around this area. However, if the market breaks above $5491, it could signal a shift in bias towards bullish territory, potentially leading to a significant upward move.
Key Levels to Watch:
1. Sell Zone: $5491 - This level is critical in determining the next move. We'll be watching for confirmation to sell, such as bearish candlestick patterns or trend indicators.
2. Resistance Area: $5730 - $5790 - A strong resistance zone that could potentially cap upward movements.
Trading Strategy:
1. Wait for Confirmation: We'll wait for the market to reach the $5491 level and look for confirmation to sell. This could include bearish candlestick patterns, trend indicators, or other technical signals.
2. Breakout Scenario: If the market breaks above $5491, we'll reassess the bullish potential and look for opportunities to buy.
3. Risk Management: It's essential to manage risk effectively, setting stop-losses and take-profits according to our trading plan.
Market Outlook:
The US500's performance this week will be crucial in determining the next direction. We'll be monitoring the market closely, analyzing price action, and providing updates on any developments. Stay tuned for our analysis and guidance on potential trading opportunities.
By keeping a close eye on these key levels and waiting for confirmation, we can make more informed trading decisions and navigate the markets effectively.
Thu 10th Apr 2025 USD/SGD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/SGD Sell. Enjoy the day all. Cheers. Jim
EURJPY: Selling Pressure Likely in the 162.723-163.434 ZoneHello Traders,
I trust you're doing well. It’s been a while!
Since March 18th, the EUR has been in a corrective pullback, and I anticipate further downside movement to complete Wave 4 of the correction. However, this afternoon, we witnessed an unexpected surge in the EUR pairs, driven by the EU’s emergency plan to shield its economy from U.S. tariffs. Despite this rally, I believe it may be short-lived.
EURJPY has reached a significant resistance zone where sellers could potentially push prices lower. Another key resistance level within this zone, where I believe sellers', activities are great, is last week’s high at 163.353. A confirmed break below 162.723 would strengthen the bearish outlook, with potential downside targets at 161.914 , 161.114 , 160.750 , and 160.350 , respectively. However, a breakout above 163.444 would invalidate this bearish.
Cheers and happy trading.
Bullish on All Time Frames.Bullish on All Time Frames.
Monthly Closing above 211 - 212 would
be very positive for OGDC.
Retested the Previous Breakout Level
around 194 - 195.
Hidden Bullish Divergence on Daily Tf.
227 - 228 is the Weekly Resistance that
seems to break this time.
If this level is Sustained, we may witness
250+ initially.
Wed 2nd Apr 2025 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
(XAU/USD) Bearish Reversal After Head & Shoulders Formation."
Overview:
The price action of Gold (XAU/USD) on the 2-hour timeframe indicates a potential bearish move. A Head & Shoulders pattern has formed, signaling a possible trend reversal. The market recently tested a resistance level and is now showing signs of weakness.
Key Levels:
🔹 Resistance: $3,044 - $3,055 (Rejection Zone)
🔹 Sell Entry: Below $3,028 (Break of Support)
🔹 Support Level: Around $2,980 (First Key Level)
🔹 Target: $2,940 - $2,931 (Final Bearish Target)
Analysis:
✅ Price has broken below the neckline of the Head & Shoulders pattern, confirming a potential sell-off.
✅ A retest of the broken support as resistance could offer a better entry for shorts.
✅ If the price holds below $3,028, further downside toward $2,940 is expected.
✅ Bullish invalidation if price breaks back above $3,044.
Trade Idea:
📉 Sell below: $3,028
🎯 Target: $2,940
🛑 Stop Loss: Above $3,044
This setup aligns with technical analysis principles, with risk-to-reward favoring sellers. Monitor price action for confirmation before entering a trade.
🚀 What’s your view on Gold? Comment below!
Mon 24th Mar 2025 AUD/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/USD Sell. Enjoy the day all. Cheers. Jim
Fri 21st Mar 2025 EUR/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. Enjoy the day all. Cheers. Jim