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Bearish Bat Pattern Spotted on EUR/AUDHello trader, I hope your week has been profitable. I want to highlight a classic bearish bat pattern I spotted on the EUR/AUD pair. The chart shows price rejection at point D around 1.61110, with the red zone indicating strong resistance between 1.61069 and 1.61244, which also serves as the PRZ (Potential Reversal Zone). With additional confirmatory signals, entering a short position near the PRZ seems promising. I plan to place my stop loss slightly above the PRZ at around 1.61334 and set profit targets at 1.60756 and 1.60546. Cheers!
Short
by Samuel124
2
SIDEWAY !! Gold price stuck below $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) started the week subdued, fluctuating below a multi-day peak around $2,340 following the US PCE Price Index release. The key inflation data reinforced market predictions of potential Federal Reserve interest rate cuts in September and December, pushing the US Dollar further from its recent two-month high and bolstering gold as a result. ⭐️ Personal comments NOVA: Gold price in early July is still maintaining in the range of $2310 - $2350, sideways, waiting for very important news this week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2312 - $2314 SL $2307 TP1: $2320 TP2: $2330 TP3: $2340 🔥SELL GOLD zone: $2345 - $2347 SL $2352 TP1: $2338 TP2: $2330 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
XAUUSD 30-Minute Chart - Short Position Expected between 2354-2Hello Folks, Wish you all the best for the week forward. Last week the market mostly traded within a range. Despite this, our analysis helped us gain 400 pips from the market. Looking ahead to this week, due to the challenging conditions last week, conducting analysis may be difficult. However, I anticipate another price increase to around 2354-2357 before dropping to 2316. Please refer to the chart for more information, and feel free to share your thoughts and ideas. After several years of experience in the market, GOLD has become my expertise symbol. Short From 2354-2357 TP: 2316 More contribution and comment will encourage for more analysis.
OANDA:XAUUSDShort
by tanhaed
PCE keeps gold stable above $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) struggles to grow from a recent bounce, meeting new supply in Friday's Asian session. A resurgent US Dollar (USD) reaching a two-month high is hindering the commodity's progress. However, potential Federal Reserve interest rate cuts and geopolitical uncertainties in the Middle East and Russia-Ukraine provide support for the safe-haven XAU/USD. ⭐️ Personal comments NOVA: Gold price is still accumulating at the end of June 2024, sideway around $2300 - $2340 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2304 - $2302 SL $2297 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2340 - $2342 SL $2347 TP1: $2330 TP2: $2320 TP3: $2310 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
6
BTC USDT: WE NEED TO FLIP CERTAIN LEVELS TO SAY TO THE MOON!Based on my analysis, I believe DCA (Dollar Cost Averaging) into large-cap alts at current levels may be more prudent than waiting to DCA out at higher prices like 64K. My current investment strategy prioritizes Large Cap > Mid > Low > Meme > USDT > BTC. Several technical indicators support this view: 1 Bullish RSI divergence between oscillator and price 2 Quick RSI reset without prolonged low levels 3 Moving Average crossover on the RSI 4 20-day MA crossing down to meet the 150-day MA, with price showing strength (I'm keeping this analysis relatively basic, avoiding more complex concepts like Smart Money Concepts (SMC) and Inner Circle Trading (ICT) for broader accessibility.) These factors suggest we may be approaching a market bottom. I made a similar analysis when BTC was around 18K, which proved accurate. However, I'm always open to new perspectives and would be interested in hearing why you might view the current situation differently. Personally, I'm maintaining my positions in large-caps and BTC from here. My confidence stems from thorough research into the assets I've chosen. I'm curious about your investment thesis - what factors drive your confidence in your holdings? It's worth noting the potential impact of Bitcoin miners on the market. Historically, respecting their influence has often preceded BTC price increases. Short-term, I anticipate a possible retracement to around 54K as a 'max pain' point, particularly for less experienced traders. I'm so confident in this projection that I'm willing to offer a free month of my subscription service if it doesn't materialize. The large-caps I'm particularly focused on include BTC, ETH, BNB, SOL, ARB, and AVAX. I'm also keeping an eye on AI and DePIN projects. For Real World Assets (RWA), I'm currently most interested in ONDO, CFG, and PENDLE. I'd be keen to hear your thoughts on this analysis. Do you see similar patterns in the market? Are there other indicators or factors you believe are crucial to consider in the current environment?
Short
by osodatsismoso
1
XAU-USDThe chart for Gold/US Dollar (XAU/USD) on a 4-hour timeframe from EightCap shows a bearish trend. The price is currently at approximately 2311.85 USD and has broken below an upward trendline, indicating potential further downside. A significant resistance level is identified around 2326.63 USD, where the price faced selling pressure before the recent drop. The chart projects a possible downward movement, represented by a yellow arrow, suggesting the price might attempt a brief recovery towards the resistance level but is expected to continue declining. The target for this downward movement is around 2300.20 USD, with potential further decline to 2286.78 USD. These levels represent significant support areas where buyers might step in. The highlighted area in green indicates the expected pullback zone before the continuation of the bearish trend. In summary, the chart indicates a bearish outlook for XAU/USD, with the price breaking below the trendline and facing resistance at 2326.63 USD. The key support levels to watch are 2300.20 USD and 2286.78 USD. Traders should monitor the price action around these levels to confirm the continuation of the bearish trend and potential further decline
EIGHTCAP:XAUUSDShort
by Dhareja
Accumulation price zone - XAU continues to trade below 2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower despite weaker USD. Stronger US PMI delayed interest rate cut, limiting gold's upside. However, safe-haven flows from geopolitical tensions in the Middle East and Ukraine may boost gold in the near term. Investors will closely watch the speeches of Fed members Lisa Cook and Michelle Bowman on Tuesday. Key economic data to pay attention to this week includes the final Q1 US GDP reading on Thursday and the May PCE Price Index on Friday. If there are signs of declining inflation, it could lead to expectations of Fed rate cuts in 2024, potentially weakening the US dollar and benefiting USD-denominated Gold. ⭐️ Personal comments NOVA: Gold price continues to maintain the price range below 2350 - 2300 today, a cumulative sideway price range. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2302 - $2300 SL $2295 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2341 - $2343 SL $2348 TP1: $2335 TP2: $2328 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4
EUR/JPY SELLThe short-term outlook for the EUR/JPY currency pair is positive, although the overbought technical condition may indicate a correction. Fundamental factors such as ECB and BOJ policy and economic data continue to have a significant impact on the exchange rate. It is worth keeping an eye on the upcoming ECB and BOJ decisions, as well as global economic news that may affect the exchange rate. The support level shown in the picture is the ATH level. I'm waiting for a boost now.
Short
by xMoranTomx
2