Gold stuck in range. Levels to watch for directionThis week has been relatively quiet for gold traders, with the price confined to a narrow range between 2635 and 2655. In fact, aside from a few brief spikes, the price remains largely unchanged from Friday's close.
Looking ahead, this tight range is likely to break in one direction or the other. As mentioned, the key levels to watch are 2655 and 2635; a breakout above or below these levels could provide clearer indications of the next move.
For now, I am staying out of the market, awaiting further clarification, but I maintain a bullish bias.
Signals
AUD_CHF SUPPORT AHEAD|LONG|
✅AUD_CHF is about to retest a key structure level of 0.5660
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
✅Like and subscribe to never miss a new idea!✅
ETHEREUM Strong Resistance Ahead! Sell!
Hello,Traders!
ETHEREUM keeps growing
In a strong uptrend and the
Coin is locally overbought so
After it hits a horizontal
Resistance level of 3975$
We will be expecting a
Local bearish correction
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Fxs/UsdtBINANCE:FXSUSDT
** CRYPTOCAP:FXS / USDT - Price Analysis**:
Same, **very strong bull trend & bullish momentum**! 📈
Prices might touch the **$5.250 - $5.300** resistance zone before we see a pullback! 🚀
For now, there’s nothing to do except **follow the main trend** 📈.
Monitor the levels in my **daily view** & the **upper downtrend**!
---
**Upper Key Levels :**
- **$6.200** 🔝
- **$7.250**
- **$8.500** 💥
A good opportunity for **buy orders** could be a pullback to the **$3.800 - $3.900** support zone 🔔.
---
**Note:** **Not financial advice**! 📌
Lingrid | GOLD Uncertainty In The MARKETS. Possible LongOANDA:XAUUSD formed equal lows at the support level near 2620 and is currently consolidating, moving sideways. It seems likely that the market will continue to fluctuate in anticipation of the upcoming NFP reports on Friday. However, on the daily timeframe, a candle with a long tail has formed, indicating that there was a buying pressure. If the market breaks and closes above the range zone and the trendline, it could potentially set up an ABCD move. I expect that the market will continue to move sideways for a while before breaking out above the trendline, followed by a retest at the top of the consolidation zone. My goal is resistance zone around 2660
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
XAGEUR - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
WIF. High-Probability Setup. 12/04/24The asset is currently in an accumulation phase, presenting significant upside potential. Historically, breakouts from similar patterns can result in gains ranging from 100% to 200%.
Short-Term Outlook:
I anticipate a pullback to the mirror level, which could offer an excellent opportunity to open a long position or add to your spot holdings. Key entry points are marked with yellow horizontal lines (two pending orders).
Targets:
Futures: $4 - $5
Spot: $6 - $10
DYOR.
SURVIVOR!!!hello friends
According to the recent growth of the market, this coin has not grown on its own, and now it seems that after some period of correction, it has broken its trend line and was able to show itself.
We expect the specified goals to move...
Don't forget capital management.
Be successful and profitable.
XAGUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
GOAT 4H. Strong Buy Signals Detected. 12/04/24The coin is currently in an accumulation phase, characterized by distribution and the removal of weak positions ("weak hands"). It has found a solid bottom at $0.6485, with significant buy pressure evident at this level. Clearly, a strong buyer is actively supporting the price and driving it upward.
The support zone at $0.7920 - $0.6965 offers a solid opportunity for both spot accumulation and opening a futures position. In my view, the $0.6965 level is an excellent entry point for both spot and futures trading.
Key Targets:
Focus on local highs as outlined in the chart for profit-taking.
Risk Management:
Allocate only 0.5% - 1% of your portfolio to this trade.
DYOR.
DOW JONES High Channel Up symmetry points to 46000.Dow Jones (DJI) easily hit our 45000 Target as suggested on our November 20 idea (see chart below), and immediately turned sideways, consolidating basically for the past 6 days:
This is not the first time that we've come across this consolidation within the 4-month Channel Up as the exact same sequence was last seen during September 20 - October 08. As with today's price action, the consolidation also took place above the 1.0 Fibonacci level and once completed, it gave one final push to the 1.5 Fibonacci extension before correcting back to the 1D MA50 (blue trend-line).
As a result, we now set a new Target for the end of the year at 46000.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
WTI OIL Bullish break-out to $76 imminent.WTI Oil (USOIL) is so far following our last call (November 26, see chart below) on high precision as, after once last pull-back to the Support Zone, it is now rebounding:
As you can see now on this 1D chart, the price hit the 1D MA50 (blue trend-line) today but based on the other 2 November attempts, even a candle close above it doesn't translate into a sustainable break-out.
Contrary to that, however, those 2 attempts weren't supported by a 1D RSI Higher Lows base similar to September's. As you can see that same pattern was that initiated the rebound on the Support Zone that broke above the 1D MA50 and extended even above the 0.786 Fibonacci retracement level and tested the bottom of the 4-month Resistance Zone.
As a result, our $76.00 Target remains intact, which is marginally above the 0.786 Fib and projected to be just below the 1D MA200 (orange trend-line).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
US30 Will Go Higher! Long!
Take a look at our analysis for US30.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 44,904.9.
The above observations make me that the market will inevitably achieve 45,324.9 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!
GOLD Will Go Down! Short!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 2,641.783.
Taking into consideration the structure & trend analysis, I believe that the market will reach 2,628.904 level soon.
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!
NZDUSD Will Move Higher! Buy!
Here is our detailed technical review for NZDUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.584.
Considering the today's price action, probabilities will be high to see a movement to 0.603.
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!
EURUSD Will Go Down! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.052.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.049 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!
Lingrid | GBPJPY pullback TRADE. Short from RESISTANCE zoneFX:GBPJPY formed a double bottom at a key support level and has subsequently bounced off this level, after bullish divergence. The price is currently pulling back against the major bearish trend, as the market has been consistently making lower lows. Recently, the price managed to break above the psychological level at 190.00. Given this context, it is possible that the market will retest the recent high from Monday and the upper border of the channel where a sell signal may present itself. If the price hits resistance in this area, it could provide a trading opportunity for a continuation of the bearish trend, as bears could take advantage of this pullback. My goal is support zone around 189.50
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | CADJPY Trend CONTINUATION Shorting OpportunityFX:CADJPY is currently making lower lows and lower closes, which indicates a bearish trend. The price is retracing toward the resistance zone and the upper boundary of the channel. Given that the major trend remains bearish, this pullback presents an opportunity to short the market. The price action is demonstrating a strong bearish movement, followed by weaker pullbacks, indicating that the bulls are not in control. I anticipate that the market will provide further opportunities for trend continuation in the bearish direction. My goal is support zone around 106.300
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻