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.
Signals
Lingrid | BITCOIN trend CONTINUATION Pattern FormedThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT market has formed a triangle pattern, which is a trend continuation formation. The price is making higher lows, indicating strong buying pressure. Previously, it reached an all-time high (ATH) of around 93,000 then rebounded from it. If you notice, the price has consistently been testing and bouncing off the support level of 90,000, which appears to be a significant level and respecting the upward trendline. I anticipate that the price to make a new ATH since it broke through the channel and play out the triangle pattern. My goal is resistance zone around 95,000.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | GOLD Market Weekly Technical AnalysisOANDA:XAUUSD market has rebounded this week, recovering losses from the previous week, after it bounced off a key support level. Additionally, the market broke through and closed above the psychological level at 2,700. On the daily timeframe, the last five candles have been bullish/green in a row, indicating strong buying momentum.
On the weekly timeframe, the market broke above the previous week’s high with ease, closing above it, which suggests a lack of selling pressure, especially since Friday was packed with high-impact news. On the monthly timeframe, the market clearly demonstrates a liquidity grab below the previous month's low and is forming a long-tailed bar that will hint at future price action on the close.
Given the recent bullish momentum, gold is likely to continue its upward trend, with short-term pullbacks providing buying opportunities. The resistance level at 2,800 appears to be more of a target than a barrier, and I expect gold will bounce off this level creating short-term pullback and continue rising on its third approach.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
The same 100-102K target in focusMorning folks,
So, our suggestion that BTC is aimed on 100K and will keep going to it directly seems was correct. J. Yellen resigned, and it was another positive news for BTC.
Anyway, currently we see no reasons to change our trading plan. On daily chart we have bullish grabber, suggesting upward continuation.
So, it is just a few steps until the target. We suggest that some pattern could finalize this action. It might be either butterfly or 3-Drive - they have different shape but the same target. Invalidation point for this setup is 95K lows. THis is for those who trade on intraday charts.
For, greater setups we need to wait for reaction on 100K target. We do not exclude the chance of moderate pullback, so something bearish might be formed there. Let's keep watching.
EURUSD -> Opportunity for Bears to Fill the GapHello dear friends, Ben here!
Overall, after an impressive increase in the beginning of the day, EUR/USD expanded a gap. Theoretically, this usually usually signals a complete inspection of this liquidity area.
Meanwhile, the US dollar index (DXY), monitoring the performance of the US dollar compared to the six main currencies, has dropped to about 107.00 after reaching the highest level in two years as 108.07 in Friday. However, the risk of discount on USD is still limited, as recent economic data has consolidated the expectation that the Federal Reserve (Fed) can slow down the rate of interest cuts, so drought drought Made any increase in EURUSD.
Lingrid | EURUSD Bearish TREND continuation OPPORTUNITYFX:EURUSD gapped up early this morning, and that gap has yet to be filled. The price has been making lower lows following the high-impact news from last Friday. On the weekly timeframe, the price broke below and closed below a significant range zone, indicating a potential bearish sentiment in the market. I believe the market may decline toward lower levels, given the recent bearish momentum. The price is approaching the resistance zone around 1.0500 and above. If the market rejects this resistance and the downward trendline, it could drop all the way down to 1.0200. My goal is support zone around 1.03000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | BITCOIN Eyes 100,000 LevelThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT has formed a consolidation zone following another surge. The price action has been respecting a downward trendline, but it recently broke through this line. Prior to the breakout, the price took liquidity below the equal lows. On the daily timeframe, the market formed a long-tailed bar, suggesting that it may reach the 102,000 mark. If the price prints an impulse candle, it is likely to reach this psychological level. I expect the market to continue moving higher, with possibilities of pullbacks or sideways movement at these levels.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Hellena | GOLD (4H): Long to resistance area of 2711.Dear colleagues, the price continues its upward movement and it means that wave “C” is definitely formed.
I believe that the price is forming a five-wave movement and we have 2 options for the development of events
1) Wave “1” is not formed yet and will continue the upward movement - this is a more risky entry into a long position.
2) Wave “1” is formed and I expect a correction in wave “2” to the area of 38.2-50% Fibo lvl (2605.5) and then an upward movement to the resistance area 2711.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold : enters accumulation reaction phase before strong increasAfter a period of accumulation, the gold price has escaped the prolonged bearish phase and is moving in a clear upward price channel.
In particular, the market is recording strong buying interest in the short-term support zone of $2,650 - $2,675. This is the "key" area to push the price closer to important resistance levels.
If the $2,721 threshold is successfully broken, the gold price is likely to quickly extend its upward momentum to the $2,772 area - an important liquidity level, and also a confirmation signal for the long-term uptrend.
US30 Will Go Lower From Resistance! Sell!
Take a look at our analysis for US30.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 44,614.35.
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 43,793.35 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.
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SILVER Will Go Up From Support! Long!
Please, check our technical outlook for SILVER.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 30.769.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 32.322 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.
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EURUSD Will Go Down! 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 1.048.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.033 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.
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USDCHF Will Move Higher! Buy!
Take a look at our analysis for USDCHF.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.889.
The above observations make me that the market will inevitably achieve 0.898 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.
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Gold continues rally from 2650?Dear traders, Tom here!
Spot gold hit a near two-week high in the Asian session as the worsening Russia-Ukraine conflict benefited traditional safe-haven assets. The weekly uptrend appears to be unaffected by bets for a less aggressive Fed easing, continued USD buying and the prevailing risk-on environment. At the time of writing, gold is hovering around $2,683 and up 0.51% on the day.
Technically, gold confirms bullishness, we are watching the resistance zone ahead after a false break of 2,686, a break would be bullish while a hold would be bearish. But in any case, the preference remains on the buyers, as interest in the metal as a hedge has returned.
Medium-term target could be 2,710-2,750
GOLD MARKET ANALYSIS AND COMMENTARY - [Nov 25 - Nov 29]Last week, gold prices continuously recovered from 2,564 USD/oz to 2,716 USD/oz.
The reason why gold prices increased sharply this week is because investors are concerned that the war between Russia and Ukraine will take a more serious turn when President Biden allows Ukraine to use long-range ATACMS missiles to fire into Russian territory to in response to Russia's deployment of North Korean troops in the Russia-Ukraine war. Besides, Mr. Biden seems to want to make his mark in the Russia-Ukraine war when he only has about 2 months left in power before handing it over to Mr. Donald Trump. In addition, according to many experts, this move by Mr. Biden may complicate the war between Russia and Ukraine, making it difficult for Mr. Donald Trump to end the hostilities as easily as he announced during the campaign. elect US President...
Perhaps most alarming is the nuclear doctrine that Russia emphasizes. It considers any attack by a non-nuclear country supported by a nuclear power to be a joint attack. This means that Ukraine's use of ATACMS missiles also means that the US is directly involved in attacking Russia, making the war between Russia and Ukraine no longer a war between these two countries, but could potentially lead to a world war. War III.
However, according to many experts, the US may only provide a limited number of missiles to Ukraine, fearing the dire consequences of this move. Therefore, the war between Russia and Ukraine is unlikely to drag many other countries, especially NATO member countries, into the war. Furthermore, with only 2 months left until Mr. Trump takes office as President of the United States, the war between Russia and Ukraine will soon subside.
The need for refuge in gold may continue to increase in the short term as Russia and the US are still taking tough stances in the Russia-Ukraine war. Therefore, next week's gold price may continue to rise even higher.
This week, the US announced two important indicators: third quarter GDP and personal consumption expenditure index (PCE) - an important inflation measure of the FED. If Q3 GDP declines and PCE increases, it will be difficult for the FED to resist further reducing interest rates, further supporting the rise in gold prices next week. On the contrary, if GDP increases and PCE decreases, the FED will have more motivation to delay cutting interest rates, causing gold prices next week to be negatively affected.
📌From a technical perspective, on the H4 chart, a head and shoulders pattern is forming, but a few more up/down cycles are needed to confirm. Specifically, if the gold price has a correction phase to around the support level of 2640, then bounces back to break the resistance level of 2711, then it can be expected that the price will continue to maintain its upward momentum above the 2790 threshold. In case of support area If 2600 is broken, it could trigger another sell-off, causing gold prices to fall to around 2500.
Notable technical levels are listed below.
Support: 2,684 – 2,697USD
Resistance: 2,760 – 2,750 – 2,732USD
SELL XAUUSD PRICE 2791 - 2789⚡️
↠↠ Stoploss 2795
BUY XAUUSD PRICE 2639 - 2641⚡️
↠↠ Stoploss 2635
Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H
- In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel.
- It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range.
- It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone.
- Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area.
💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg.
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BINANCE:ENJUSDT
GBP-CAD Swing Long Ahead! Buy!
Hello,Traders!
GBP-CAD is making a strong
Bearish correction and the pair
Is already locally oversold
So after it hits a horizontal
Support level of 1.7300
A bullish rebound is
To be expected
Buy!
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