SELL
atom sell midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
US30 Will Go Down! Sell!
Here is our detailed technical review for US30.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 43,233.41.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 42,564.96 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
USDCHF Is Very Bearish! Short!
Take a look at our analysis for USDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.916.
The above observations make me that the market will inevitably achieve 0.910 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
BITCOIN BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so BITCOIN is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 96,229.
✅LIKE AND COMMENT MY IDEAS✅
GBP/NZD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/NZD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 2.168.
✅LIKE AND COMMENT MY IDEAS✅
Will the USD pressure last?On the 4-hour chart, gold prices remain within the uptrend channel established since late December 2024. Despite the sharp corrections in the recent session, the current price ($2,670/ounce) is still above the dynamic support zone of the EMA 34 and EMA 89, indicating that the uptrend has not been broken. However, the pressure from the USD Index – which rose to a 2-year high of 109.35 points – is causing gold to lose short-term momentum.
On a closer look, the important resistance zone at $2,696/ounce, corresponding to the recent peak, has triggered strong selling pressure. Meanwhile, the RSI in previous analyses has shown signs of overbought conditions, increasing the possibility of a correction. However, the main trend line and the $2,660/ounce support zone are still acting as psychological support for the bulls.
In terms of news, the strength of the USD comes from two factors: positive US economic data and high bond yields (nearly 4.8%). These yields have attracted capital flows away from gold to invest in bonds. In addition, investors are worried about financial instability before Donald Trump returns to the White House on January 20. This uncertainty could spur some gold buying to hedge against risks, creating support for gold prices in the short term.
Personal trading strategy:
Bullish scenario: If the price holds above the $2,660/ounce support zone, I expect the price to bounce back to test the $2,696 zone. A breakout of this zone could push the price towards the target of $2,720.
Bearish scenario: If price breaks the $2,660 zone and the 89 EMA, I expect price to fall further to the $2,640/ounce support zone, or even $2,620.
Complete analysis of Bitcoinhello friends
We came with Bitcoin analysis.
After a strong rising wave, we entered the channel phase and entered the correction phase with a falling pattern at the ceiling.
Now we have identified for you the first identified support that we expect to reach there.
If the support range is maintained, we will go for a new ceiling, but if the range is validly broken, we should expect a deeper correction than the 85 range.
*Trade safely with us*
DXY Is Going Down! Short!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 109.133.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 107.416 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
USOIL Will Fall! Sell!
Please, check our technical outlook for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 79.103.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 74.465 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD Will Go Down From Resistance! Short!
Here is our detailed technical review for EURUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.028.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.020 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
CADJPY Will Go Lower! Sell!
Take a look at our analysis for CADJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 108.412.
The above observations make me that the market will inevitably achieve 106.334 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
SILVER BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 30.135 area.
✅LIKE AND COMMENT MY IDEAS✅
EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 1.827 level area with our short trade on EUR/NZD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.472.
✅LIKE AND COMMENT MY IDEAS✅
EURAUD possible ideaFrom our previous idea, price moved as anticipated but failed to close below our weak low. It only wicked with an asia session low, thus forming more liquidity around the weak low price failed to break. Within the range, on lower timeframe, price moved aggressively, leaving behind a clean 1 hour supply zone before it preceded to break structure. Price has currently formed asia session liquidity below this POI that it could use to fuel its move to run the weak low as well as the liquidity below asia low.
EURAUD updated ideaFrom our previous idea, we expected price to first sweep bearish trendline liquidity before we get a shift of market structure. Instead, it was vice versa, but the idea still remains the same with just a new entry point. We have currently shifted to a bearish market on lower timeframe after mitigating our previously established supply zone. Now we have an opportunity to short the market on a 15 min confirmation entry.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.62600 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.62600 support and resistance area.
Trade safe, Joe.
NAS100USD Will Go Down! Short!
Please, check our technical outlook for NAS100USD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 20,839.6.
Taking into consideration the structure & trend analysis, I believe that the market will reach 20,544.5 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GOLD Will Move Lower! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,686.729.
Considering the today's price action, probabilities will be high to see a movement to 2,659.435.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EURCAD Is Bearish! Short!
Take a look at our analysis for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.478.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.461 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2,619.804.
✅LIKE AND COMMENT MY IDEAS✅