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.
Signalservice
XAUUSDHere is our overall on XAUUSD . Potential short opportunity.
As of now, XAUUSD is struggling to break 2624 . If we break above this level we could see higher highs and we will continue to the upside.
However,
If we break below 2604 , we could see a downside move to our PBA (Pullback Area) sitting at around 2590 . Breaks below our PBA could also result in lower prices. Considering the fact we made an ATH it would not be out of the ordinary for gold to do a massive pullback .
KEY NOTES
- XAUUSD is struggling to break 2624.
- Break below 2604 would confirm sells.
- A pullback from ATH is not out of the ordinary.
- Break above 2624 could result in higher highs.
- Break below PBA would result in deeper pullbacks.
Happy trading!
FxPocket
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.
Cardano: Crash Ahead? Prepare for a Potential 20%+ Downside!Hey Realistic Traders, let’s dive into the analysis of BINANCE:ADAUSDT
On the daily chart, Cardano continues to struggle below the critical EMA200, signaling a persistent bearish bias. Even more telling, the price has repeatedly respected the bearish trendline, underscoring the strength of this downtrend.
To make matters worse, we've seen a breakout from two major bearish formations: the Rising Wedge and the Ascending Broadening Wedge. Both patterns point to a continuation of the downward spiral. Adding fuel to the fire, the MACD has made a clear bearish crossover, confirming that the bears are firmly in control.
Based on these signals, we anticipate a sharp drop toward the first target at 0.2753. After that, a brief pullback could bring prices back into the green zone before heading even lower to the second target at 0.2384.
This technical outlook remains valid as long as the price stays above the support area at 0.4158.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Cardano.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
NZDUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
NZDUSD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity NZDUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
EURUSD BUY | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Hellena | Oil (4H): Short to support area at 64.617.Dear colleagues, it seems that the price is in a downward movement and at the moment the price is forming wave “2” of lower order.
I assume that after the formation of wave “2” (72.299), the price will start to form wave “3” of lower order.
The nearest target is the support area at 64.617.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
ARKUSDT (Ark) Updated till 06-10-24ARKUSDT (Ark) Daily timeframe range. this thing got way much space to move around. if market gets more money flow there are potential of good setups. devs are doing not that much all the doing done by retail. for now support at 0.3690 if it holds it will push further.
Alikze »» FTM | Wave 5 correction - 1H🔍 Technical analysis: Wave 5 correction - 1H
- According to the analysis presented in the previous post , in the weekly time frame, the first target has been the neckline, which was the supply area.
- Currently, in the 1H time frame, after breaking the zone, a correction pattern is being formed.
- Wave 4 correction in the range of the green box has formed a continuing downward pattern.
- This corrective wave is in the form of wave 4 in an ascending channel, which by breaking it to the specified areas, this corrective cycle can be extended.
Therefore, this wave can meet the demand after touching the specified areas and form an upward corrective cycle, which should be reviewed and updated.
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BINANCE:FTMUSDT
The dollar index and the return of currency authorityAccording to the behavioral analysis of the dollar index chart and the upcoming elections in America, there is a possibility of choosing the party that supports the return of the dollar to power in the global arena and very strong and accurate economic policies.
In the long term, the dollar index will reach the range of 120, but for a shorter period of time, according to the chart, it will reach the goals.
CVCUSDT (Civic) Updated till 05-10-24CVCUSDT (Civic) Daily timeframe range. we can see a nice move from its local low. made some easy profits myself from it. its trying for a push against 0.1973. a clean close can run it toward 0.2611. but for that its need that clean close. recent support at 0.1514.
Silver Poised for Breakout:Why $38 Could Be a Realistic Target?When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times.
Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've seen higher lows on the chart, with each broken resistance level being confirmed as new support.
Currently, Silver is approaching a key resistance level and appears to be pushing for an upward breakout. Additionally, the price structure over the past few months has formed an inverted head and shoulders pattern, further signaling strong bullish momentum in the medium term.
With the Non-Farm Payroll report just a few hours away and considering the strong buying pressure on precious metals, I expect this level to break.
Based on the measured target from the pattern, a move toward $38 per ounce is realistic, which could mean a potential profit of 6,000 pips for those willing to hold this trade with patience.
In conclusion, I plan to buy Silver with a year-end target, using $31 as the invalidation point, offering a solid risk-reward ratio of 1:6.
DARUSDT (MinesofDalarnia) Updated till 04-10-24DARUSDT (MinesofDalarnia) Daily timeframe range. price action here is kind of inconsistent. but in bright side thats good for day trades, the more it moves the more trading setup it provides. if stays above 0.12778 it will push it again to 0.17201.
Uncertainty in Gold: Is a New Leg of Correction on the Horizon?Yesterday, OANDA:XAUUSD exhibited significant volatility, with sharp fluctuations both upward and downward. However, by the close of the session, the price remained relatively unchanged, lacking a clear directional trend. The current price movement suggests a phase of consolidation, indicating that a more definitive direction may emerge soon.
Traders are now observing key levels that could guide future moves. On the upside, the 2663-2665 zone is seen as a resistance level, which could signal a bullish breakout if breached. Conversely, the 2645-2650 range serves as a support zone, indicating a potential bearish move if the price falls below this level.
From a personal perspective, I anticipate that gold might break to the downside, leading to a new corrective phase that could potentially drive the price toward the 2600 level.
That said, this is merely my view, and there is always the possibility of being wrong. Therefore, my invalidation point for this bearish scenario would be a break above the established resistance zone, which would signal the need to reassess the situation.
In conclusion, while the market remains in a state of indecision, these key levels provide traders with important reference points to monitor for potential breakouts or reversals in the near future.
XAU/USD: Is the 2650 Break Sustainable or Driven by Emotion?Yesterday, OANDA:XAUUSD (Gold) broke back above the 2650 level, a point of significant psychological and technical importance. This level is critical due to the confluence of a horizontal support line and the falling trendline of the down-channel pattern.
While this upward break may seem promising, I believe it is not likely to be a sustainable move.
In my view, this breakout appears to be driven more by emotional reactions rather than genuine market demand.
As a result, I believe the current correction for Gold is not yet complete, and we could see another downward move in the near future.
From a technical perspective, the 2650 level acts as a critical "line in the sand." Should the price drop back below this level, the first target would likely be the recent low, with the potential for an extended decline towards the next major support zone around 2590. This area marks an important technical level that could offer stronger support if the downtrend continues.
At the time of writing, I am currently out of the market, and waiting for further clarification.
I am particularly looking for a decisive drop back below 2650, which would reinforce my bearish outlook and provide confirmation for a potential short trade.
Bitcoin's Bearish Momentum Builds: Could 55k Be the Next Target?On Sunday, I shared an article expressing my view that Bitcoin might remain in a range for an extended period. As expected, whenever someone suggests something other than Bitcoin rising, critics are quick to respond.
However, Bitcoin has since broken below its local support and dipped to the 60k level. Looking ahead, I expect the decline to continue, with BTC/USD likely to fall well below 60k.
Currently, the 63k zone is acting as resistance, and any rallies into this area present potential selling opportunities for speculative traders.
A reasonable target for this downtrend could be around 55k, with the invalidation of this bearish scenario occurring if Bitcoin breaks back above the 65k level.
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.